Chevron (NYSE:CVX) Price Target Raised to $220.00 at Royal Bank Of Canada

Chevron (NYSE:CVX) had its price objective upped by Royal Bank Of Canada from $200.00 to $220.00 in a research note published on Monday,Benzinga reports. They currently have an outperform rating on the oil and gas company’s stock.

Several other research firms have also recently weighed in on CVX. UBS Group reissued a “buy” rating and set a $212.00 price objective on shares of Chevron in a report on Monday, February 2nd. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a report on Tuesday, January 20th. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Piper Sandler boosted their price objective on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Finally, Scotiabank raised shares of Chevron to a “hold” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.79.

Chevron Trading Up 1.6%

NYSE:CVX opened at $191.54 on Monday. Chevron has a one year low of $132.33 and a one year high of $214.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The company’s 50-day simple moving average is $191.85 and its 200 day simple moving average is $168.33. The firm has a market capitalization 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 issued 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. The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 earnings per share. As a group, analysts forecast that Chevron will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $1.78 dividend. The ex-dividend date was Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the transaction, the chief executive officer directly owned 31,266 shares in the company, valued at $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew Benjamin Walz sold 22,200 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the transaction, the insider owned 666 shares of the company’s stock, valued at approximately $117,568.98. This represents a 97.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 782,607 shares of company stock valued at $146,510,571. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Chevron

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. McAlvany Wealth Management LLC bought a new position in shares of Chevron during the fourth quarter worth $1,729,000. J. Derek Lewis & Associates Inc. bought a new position in shares of Chevron during the fourth quarter worth $694,000. Cornerstone Planning LLC bought a new position in shares of Chevron during the fourth quarter worth $2,986,000. Rockefeller Capital Management L.P. boosted its position in shares of Chevron by 13.0% during the fourth 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 acquiring an additional 167,792 shares during the last quarter. Finally, Lane Brothers & Co. Inc. bought a new position in shares of Chevron during the fourth quarter worth $283,000. Institutional investors own 72.42% of the company’s stock.

Trending Headlines about Chevron

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

Chevron Company Profile

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.