Chevron (NYSE:CVX) Trading Up 1.6% on Analyst Upgrade

Chevron Corporation (NYSE:CVX) rose 1.6% during trading on Monday after Royal Bank Of Canada raised their price target on the stock from $200.00 to $220.00. Royal Bank Of Canada currently has an outperform rating on the stock. Chevron traded as high as $192.61 and last traded at $191.5410. Approximately 11,980,164 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 13,138,477 shares. The stock had previously closed at $188.55.

CVX has been the subject of several other research reports. Tudor Pickering upgraded Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a research note on Thursday, April 9th. Mizuho raised their target price on Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Sanford C. Bernstein raised their target price on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Citigroup raised their target price on Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, Scotiabank upgraded Chevron to a “hold” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued 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 stock currently has an average rating of “Moderate Buy” and an average price target of $192.79.

Insider Transactions at Chevron

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 272,624 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 31,266 shares in the company, 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 quarter, insiders have sold 782,607 shares of company stock worth $146,510,571. 0.20% of the stock is owned by insiders.

Key Chevron News

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

Hedge Funds Weigh In On Chevron

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after buying an additional 27,961,463 shares in the last quarter. State Street Corp increased its stake in Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares during the period. Berkshire Hathaway Inc increased its stake in Chevron by 6.6% in the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after purchasing an additional 8,091,570 shares during the period. Geode Capital Management LLC increased its stake in Chevron by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock worth $6,620,187,000 after purchasing an additional 134,890 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Chevron by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company’s stock worth $5,492,377,000 after purchasing an additional 961,341 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Up 1.6%

The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $191.85 and a 200 day simple moving average of $168.33. The firm has a market capitalization of $381.61 billion, a PE ratio of 28.76, a PEG ratio of 1.40 and a beta of 0.60.

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

Chevron Increases Dividend

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

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.