TD Cowen Issues Positive Forecast for Chevron (NYSE:CVX) Stock Price

Chevron (NYSE:CVX) had its target price increased by TD Cowen from $160.00 to $168.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a hold rating on the oil and gas company’s stock.

CVX has been the topic of a number of other research reports. Bank of America reduced their price target on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Jefferies Financial Group upped their target price on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. HSBC downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Monday. Finally, Citigroup decreased their target price on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Chevron currently has an average rating of “Hold” and an average target price of $172.95.

Chevron Price Performance

Chevron stock opened at $174.26 on Monday. The stock has a market capitalization of $350.87 billion, a P/E ratio of 26.16, a P/E/G ratio of 12.32 and a beta of 0.70. Chevron has a 12-month low of $132.04 and a 12-month high of $177.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The firm’s 50-day moving average is $156.89 and its two-hundred day moving average is $155.65.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The business had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. Equities analysts predict that Chevron will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 4.1%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is presently 106.91%.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction that occurred on 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 owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Hess sold 275,000 shares of Chevron stock in a transaction that occurred on 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 transaction, the director directly owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 645,924 shares of company stock worth $102,079,188 in the last quarter. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Chevron

A number of institutional investors have recently added to or reduced their stakes in CVX. Vanguard Group Inc. boosted its position 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 buying an additional 27,961,463 shares during the period. State Street Corp boosted its holdings 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 acquiring an additional 12,789,399 shares during the period. Berkshire Hathaway Inc grew its position in Chevron by 2.9% in the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock valued at $17,478,458,000 after acquiring an additional 3,454,258 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Chevron by 4.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock valued at $4,979,255,000 after acquiring an additional 1,342,723 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Chevron by 15.3% during the third quarter. Northern Trust Corp now owns 22,724,515 shares of the oil and gas company’s stock valued at $3,528,890,000 after purchasing an additional 3,007,403 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Dividend credibility — Chevron raised its payout for the 39th consecutive year, reinforcing its status as a Dividend Aristocrat and supporting income-oriented demand for CVX shares. This Dividend Juggernaut Just Hiked Its Payout for the 39th Consecutive Year (And It Has Plenty of Fuel to Continue Growing)
• Positive Sentiment: Low‑cost growth via Venezuela — Chevron is accelerating Venezuelan production and exports, an initiative expected to add volumes at attractive margins and help sustain dividends and free cash flow over the next 18–24 months. Chevron’s Venezuela Push Targets Low Cost Growth And Dividend Support
• Positive Sentiment: Analyst bullishness — Wells Fargo raised its price target to $204 and kept an overweight rating, signaling upside potential relative to current levels. That supports longer‑term upside expectations. Wells Fargo price target raise
• Positive Sentiment: New demand pathways — CEO commentary on using natural gas to power AI data centers (off‑grid energy parks in Texas) highlights potential secular demand for gas and differentiated midstream opportunities. Chevron CEO details strategy to shield consumers from soaring AI power costs
• Neutral Sentiment: Options market activity — large options positions by “whales” point to active positioning but are ambiguous for direction (speculative interest can amplify moves). 5CVX : This Is What Whales Are Betting On Chevron
• Negative Sentiment: Oil price shock — WTI and Brent fell after odds of a U.S.–Iran escalation cooled, removing a near‑term supply risk premium and pressuring integrated oil stocks like Chevron. This is the primary short‑term driver of today’s weakness. Oil Slides As Iran War Odds Cool: Exxon, Chevron Face New Reality With WTI Near $62
• Negative Sentiment: Valuation / analyst rebalances — HSBC trimmed Chevron to a Hold, saying much of the company’s “position of strength” may already be priced in, which can cap near‑term upside. Chevron cut at HSBC as position of strength already priced in
• Negative Sentiment: Earnings details mixed — Q4 showed an EPS beat but a revenue miss and a year‑over‑year net income decline, reinforcing concerns about top‑line sensitivity to lower oil prices. Chevron Q4 2025 net income drops 12.5% to $2.84bn
• Negative Sentiment: Insider selling — CFO sold roughly $1.28M of CVX stock; while not large vs. market cap, insider sales can feed short‑term sentiment pressure. Insider Selling: Chevron (NYSE:CVX) CFO Sells $1,280,780.00 in Stock

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.