Chevron Corporation (NYSE:CVX) Given Consensus Recommendation of “Hold” by Analysts

Chevron Corporation (NYSE:CVX) has been assigned an average rating of “Hold” from the twenty-four research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $176.3636.

CVX has been the subject of several research reports. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Wells Fargo & Company upped their price objective on Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. TD Cowen raised their price objective on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Finally, Mizuho upped their target price on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th.

Insider Activity at Chevron

In related news, Vice Chairman Mark A. Nelson sold 45,800 shares of Chevron stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total value of $7,976,986.00. Following the transaction, the insider owned 7,161 shares in the company, valued at $1,247,231.37. This trade represents a 86.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eimear P. Bonner sold 32,100 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at $764,093.66. This represents a 88.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 534,898 shares of company stock worth $89,543,711 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Chevron

Several institutional investors and hedge funds have recently bought and sold shares of CVX. Core Wealth Advisors LLC bought a new stake in Chevron during the 4th quarter valued at $26,000. Phillip James Consulting Co. purchased a new position in shares of Chevron in the fourth quarter valued at about $26,000. Basso Capital Management L.P. purchased a new position in shares of Chevron in the fourth quarter valued at about $27,000. Karpus Management Inc. bought a new position in shares of Chevron during the fourth quarter valued at about $27,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Chevron during the fourth quarter worth about $27,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 1.3%

Shares of NYSE CVX opened at $186.47 on Monday. 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 business has a 50-day moving average of $169.52 and a 200-day moving average of $159.64. The firm has a market capitalization of $372.07 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 12.36 and a beta of 0.67. Chevron has a 12 month low of $132.04 and a 12 month high of $187.90.

Chevron (NYSE:CVX) last announced its earnings results 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. The business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.06 earnings per share. Sell-side analysts expect that Chevron will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm 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. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. Chevron’s dividend payout ratio is currently 106.91%.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Berkshire Hathaway has shifted its portfolio after Buffett’s exit and added to its Chevron stake, a high-profile institutional buyer that can support the stock and signal confidence to other investors. Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests
• Positive Sentiment: Coverage from The Motley Fool and other outlets remains bullish on CVX’s upside (including $200 targets) and highlights its attractive yield, which attracts income-focused investors. Is Chevron Stock Going to $200?
• Positive Sentiment: Jim Cramer publicly recommended holding Chevron, calling it a stock that can run higher and highlighting its 3.85% yield — media endorsements can lift retail demand. Jim Cramer on Chevron: “I Would Hold on to That”
• Neutral Sentiment: Macro/sector story: U.S. actions in Venezuela have strengthened Guyana’s oil future, a geopolitical development that supports long-term offshore oil investment and is generally positive for major oil companies’ sector outlook (indirect for Chevron). How America’s Action in Venezuela Guaranteed Guyana’s Oil Future
• Neutral Sentiment: Investor interest in dividend stocks/ETFs (multiple roundup pieces) increases demand for high-yield names like Chevron, but these are broader flows rather than company-specific catalysts. Got $10,000? Put It in These Dividend ETFs Now
• Negative Sentiment: A recent DCF-based intrinsic-value write-up estimates Chevron is overvalued by ~30% (intrinsic value ~$126), a valuation critique that could limit upside or trigger profit-taking among value-focused funds. Our Calculation Of Intrinsic Value: Chevron Corporation

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.