Chevron (NYSE:CVX) Upgraded at Tudor Pickering

Tudor Pickering upgraded shares of Chevron (NYSE:CVX) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, MarketBeat.com reports. The brokerage currently has $225.00 price objective on the oil and gas company’s stock.

CVX has been the subject of several other reports. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Barclays increased their price objective on Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research note on Tuesday, January 20th. Finally, Freedom Capital downgraded Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.04.

Chevron Stock Down 0.9%

NYSE CVX opened at $188.57 on Thursday. The business has a fifty day moving average price of $191.51 and a 200 day moving average price of $168.05. Chevron has a one year low of $132.04 and a one year high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The company has a market cap of $375.68 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.40 and a beta of 0.60.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The firm had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the prior year, the company earned $2.06 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. Research analysts anticipate that Chevron will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Insider Buying and Selling

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 782,607 shares of company stock worth $146,510,571 over the last quarter. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Chevron

Several large investors have recently added to or reduced their stakes in CVX. McAlvany Wealth Management LLC purchased a new position in shares of Chevron during the 4th quarter worth $1,729,000. J. Derek Lewis & Associates Inc. purchased a new position in shares of Chevron during the 4th quarter worth $694,000. Cornerstone Planning LLC purchased a new position in shares of Chevron during the 4th quarter worth $2,986,000. Rockefeller Capital Management L.P. grew its holdings in shares of Chevron by 13.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,456,172 shares of the oil and gas company’s stock worth $221,936,000 after purchasing an additional 167,792 shares during the period. Finally, Lane Brothers & Co. Inc. purchased a new position in shares of Chevron during the 4th quarter worth $283,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Confirmed oil discovery at the Bandit prospect in the Gulf of America bolsters Chevron’s deepwater growth optionality and potential future production/tie‑back opportunities. Chevron Confirms Major Oil Discovery in the Gulf of America
• Positive Sentiment: Short interest fell materially in March (down ~14.5% to ~21.0M shares; days‑to‑cover ~1.3), reducing one potential source of near‑term downside pressure.
• Positive Sentiment: Chevron approved the ~$690M Aseng gas project, strengthening its LNG growth profile and future cash‑flow diversification. Chevron Approves $690M Aseng Gas Project to Boost LNG Supply
• Neutral Sentiment: Street estimates are split: some reports forecast a Q1 upstream boost (+$1.6B–$2.2B) from higher oil/gas prices, supporting earnings upside if prices hold. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Neutral Sentiment: Analysts warn Q1 will be “noisy” with offsetting forces (price tailwinds vs hedging/volatility); the report due May 1 is a likely catalyst. Chevron Q1 Earnings Will Be ‘Noisy’ As Headwinds Reverse To Tailwinds: Analyst
• Negative Sentiment: Chevron warned that Middle East volatility and related effects (including hedging) could hit Q1 earnings and cash flow materially — management cited an adverse impact in the multi‑billion‑dollar range, prompting UBS to cut near‑term forecasts. Chevron flags multi-billion-dollar hit from Middle East volatility
• Negative Sentiment: Public commentary highlights hedging risks and potential earnings drag from geopolitical disruptions, adding downside risk to near‑term prints. Chevron sees Iran war oil boost, warns hedging to weigh
• Negative Sentiment: Wall Street previews suggest EPS could be down double digits in Q1 absent favorable price offsets, increasing the chance of volatile reaction at the report. Chevron’s Quarterly Earnings Preview: What You Need to Know

About Chevron

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.