Chevron (NYSE:CVX) Upgraded by JPMorgan Chase & Co. to Overweight Rating

JPMorgan Chase & Co. upgraded shares of Chevron (NYSE:CVX) from a neutral rating to an overweight rating in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has $176.00 price target on the oil and gas company’s stock.

Several other research firms also recently weighed in on CVX. Morgan Stanley lifted their target price on Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Jefferies Financial Group lifted their price objective on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Wells Fargo & Company boosted their price objective on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chevron presently has an average rating of “Hold” and a consensus target price of $168.61.

Chevron Stock Down 0.6%

Shares of NYSE:CVX opened at $165.29 on Tuesday. Chevron has a 1 year low of $132.04 and a 1 year high of $169.37. The business has a 50 day simple moving average of $153.86 and a two-hundred day simple moving average of $154.51. The firm has a market capitalization of $332.82 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 10.29 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. During the same period in the prior year, the business posted $2.48 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts predict that Chevron will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s payout ratio is presently 96.20%.

Insider Buying and Selling

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director owned 1,128,045 shares in the company, valued at $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 635,190 shares of company stock valued at $100,254,408. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Chevron

A number of hedge funds and other institutional investors have recently bought and sold shares of CVX. Vanguard Group Inc. raised its stake in shares of Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. Norges Bank acquired a new position in Chevron in the 2nd quarter worth approximately $2,721,477,000. State Street Corp raised its position in Chevron by 9.1% during 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 buying an additional 12,789,399 shares during the last quarter. Primecap Management Co. CA purchased a new position in Chevron during the 3rd quarter worth approximately $988,083,000. Finally, Bank of New York Mellon Corp lifted its stake in Chevron by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after acquiring an additional 4,279,918 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: JPMorgan upgraded Chevron from Neutral to Overweight with a $176 price target — a near‑term catalyst for buying interest and implied upside from current levels. JPMorgan Upgrade (Benzinga)
• Positive Sentiment: Jefferies recently raised its price target (reported by analysts) and remains bullish, reflecting continued analyst conviction in Chevron’s cash flow and dividend profile. Analysts Stay Positive on Chevron (InsiderMonkey)
• Positive Sentiment: Bloomberg/Reuters report that Turkish Petroleum is in talks with Chevron for joint oil & gas exploration — a new partnership that could open incremental upstream opportunities and longer‑term production optionality. Turkish Petroleum Talks with Chevron (Reuters)
• Neutral Sentiment: Sector commentary is questioning whether Chevron’s current price reflects long‑term value after recent energy strength — useful context for valuation‑focused investors but not an immediate catalyst. Is Chevron Pricing Reflect Long Term Value (Yahoo)
• Neutral Sentiment: Chevron’s inclusion in dividend‑focused ETFs and “forever stock” lists supports steady long‑term demand from income investors, underpinning downside support. Forever Stocks to Hold (MarketBeat)
• Negative Sentiment: WSJ reports Chevron faces a dilemma on Venezuela — politically attractive access vs. reluctance to commit large capital — highlighting execution and geopolitical risk to any upside tied to Venezuelan reopening. Chevron’s Dilemma in Venezuela (WSJ)
• Negative Sentiment: Disclosure that Senator Markwayne Mullin bought Chevron stock days before a U.S. operation concerning Venezuela has drawn attention to political timing and highlights Chevron’s sensitivity to U.S. policy — a reputational/regulatory risk investors watch closely. Sen. Mullin Bought Chevron Stock (QuiverQuant)

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.