Chevron (NYSE:CVX) Stock Price Expected to Rise, Scotiabank Analyst Says

Chevron (NYSE:CVX) had its target price hoisted by research analysts at Scotiabank from $168.00 to $187.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the oil and gas company’s stock. Scotiabank’s price target would suggest a potential downside of 0.36% from the stock’s current price.

Other analysts have also issued research reports about the company. Royal Bank Of Canada increased their price objective on Chevron from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Morgan Stanley increased their price objective on Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. 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. Piper Sandler raised their price target on Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $198.09.

Chevron Stock Up 0.7%

CVX opened at $187.67 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The firm has a market cap of $373.90 billion, a P/E ratio of 28.18, a PEG ratio of 0.78 and a beta of 0.60. Chevron has a 52 week low of $133.77 and a 52 week high of $214.71. The business’s fifty day simple moving average is $192.53 and its 200 day simple moving average is $169.84.

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 analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 earnings per share. As a group, equities research analysts anticipate that Chevron will post 12.49 EPS for the current fiscal year.

Insider Activity at Chevron

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the sale, the insider owned 11,337 shares in the company, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 779,407 shares of company stock worth $145,972,971 over the last ninety days. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Chevron

Several hedge funds and other institutional investors have recently bought and sold shares of CVX. United Bank increased its holdings in Chevron by 7.7% during the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in Chevron by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares during the last quarter. BNP Paribas increased its holdings in shares of Chevron by 76.4% in the 2nd quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 191 shares during the last quarter. Osterweis Capital Management Inc. increased its holdings in shares of Chevron by 678.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock valued at $195,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Chevron by 3.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock valued at $2,299,000 after acquiring an additional 553 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wheatstone LNG in Western Australia has returned to full production after repairs for cyclone damage, restoring liquefied natural gas volumes and cash flow that had been offline. Chevron resumes full production at Wheatstone LNG after repairs for cyclone damage
• Positive Sentiment: Energy sector momentum (NYSE Energy Sector Index gain) is providing a tailwind for major integrateds like Chevron, lifting sentiment across the group. Sector Update: Energy Stocks Rise Thursday
• Positive Sentiment: High‑profile investor support: coverage noting Warren Buffett’s continued large stake and Chevron’s growing development pipeline reinforces confidence in Chevron’s capital allocation and dividend/cash‑flow outlook. Deepening Growth Pipeline Sustains Warren Buffett’s Confidence In Chevron (CVX)
• Positive Sentiment: Chevron struck an asset‑swap agreement expanding its stake in Venezuelan heavy‑oil operations, which could boost long‑term upstream volumes if geopolitics and sanctions dynamics allow. Chevron Corporation (CVX) Expands Stakes in Venezuela Oil Operations
• Neutral Sentiment: Analyst and media lists continue to feature Chevron as a top crude/oil pick (BNP Paribas, other outlets), supporting longer‑term investor interest though price targets vary. Analysts Are Bullish on Top Energy Stocks: Chevron (CVX), Antero Resources (AR)
• Neutral Sentiment: Market lists and investment idea pieces (Zacks, InsiderMonkey) continue to include CVX among “old economy” or Buffett‑favored names—good for flows but not an immediate catalyst. Buy 5 High-Flying Old Economy Stocks of 2026 With More Room to Run
• Negative Sentiment: Operational/environmental risk: Chevron reported a crude oil spill at its Pasadena, Texas refinery — a local incident that may generate cleanup costs, potential fines and short‑term regional production disruption. Chevron refinery in Pasadena, Texas reports crude oil spill

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.