Chevron (NYSE:CVX) Price Target Cut to $204.00 by Analysts at TD Cowen

Chevron (NYSE:CVX) had its price objective lowered by TD Cowen from $214.00 to $204.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the oil and gas company’s stock.

Several other equities research analysts have also issued reports on CVX. Bank of America increased their target price on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price for the company in a research note on Tuesday, January 20th. Barclays boosted their target price on shares of Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Finally, Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Chevron Trading Up 1.6%

CVX stock opened at $191.54 on Monday. The company’s 50-day simple moving average is $191.85 and its 200-day simple moving average is $168.33. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron has a 52-week low of $132.33 and a 52-week high of $214.71. The firm has a market cap of $381.61 billion, a P/E ratio of 28.76, a PEG ratio of 1.40 and a beta of 0.60.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period in the prior year, the company posted $2.06 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. As a group, equities analysts forecast that Chevron will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. Chevron’s payout ratio is currently 106.91%.

Insider Activity

In related news, CFO Eimear P. Bonner sold 32,100 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at $764,093.66. This represents a 88.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer owned 31,266 shares of the company’s stock, valued at approximately $5,920,217.10. The trade was a 89.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 782,607 shares of company stock worth $146,510,571. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Chevron

A number of hedge funds have recently bought and sold shares of CVX. Core Wealth Advisors LLC acquired a new stake in Chevron in the 4th quarter valued at about $26,000. Phillip James Consulting Co. acquired a new stake in Chevron in the 4th quarter valued at about $26,000. Basso Capital Management L.P. acquired a new stake in Chevron in the 4th quarter valued at about $27,000. Karpus Management Inc. acquired a new stake in Chevron in the 4th quarter valued at about $27,000. Finally, Quattro Advisors LLC acquired a new stake in Chevron in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron agreed an asset-swap with PDVSA that increases its working interest in the Petroindependencia JV by 13.21%, consolidating its heavy‑oil footprint in Venezuela and improving long‑term production and reserve optionality. Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap
• Positive Sentiment: Independent reporting says Chevron is set to sign deals to expand in Venezuela (Orinoco heavy crude and return of an offshore gas field), reinforcing the view that the company will grow production exposure there as sanctions ease. Chevron, Shell to sign agreements for oil, gas areas in Venezuela, sources say
• Positive Sentiment: Filings show Berkshire Hathaway is increasing its Chevron stake, a high‑profile vote of confidence that can attract long‑term investor interest. Berkshire Hathaway Is Loading Up on These 4 Stocks. Here’s Why
• Positive Sentiment: Royal Bank of Canada raised its CVX price target to $220 with an Outperform, providing fresh analyst upside and support for the rally. Read More
• Neutral Sentiment: Energy sector action is mixed today — broader group weakness could limit sector momentum even as oil‑sensitive names like Chevron benefit from episodic price spikes. Sector Update: Energy Stocks Mixed Late Afternoon
• Neutral Sentiment: Increased retail/investor attention (searches and coverage) is driving volume and volatility; that can amplify moves but is not a standalone fundamental change. Investors Heavily Search Chevron Corporation (CVX): Here is What You Need to Know
• Negative Sentiment: Some analysts caution upside is tempered by near‑term earnings headwinds and mixed quarterly revenue trends; TD Cowen has taken a more cautious stance (Hold), noting risks to short‑term results. Chevron: Near-Term Earnings Headwinds Temper Upside Despite Oil Leverage and Capital Returns

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.