Chevron (NYSE:CVX) Trading Up 1.7% on Analyst Upgrade

Shares of Chevron Corporation (NYSE:CVX) were up 1.7% during mid-day trading on Friday after Morgan Stanley raised their price target on the stock from $174.00 to $212.00. Morgan Stanley currently has an overweight rating on the stock. Chevron traded as high as $212.46 and last traded at $211.3090. Approximately 13,883,937 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 13,088,958 shares. The stock had previously closed at $207.79.

Several other equities analysts also recently weighed in on CVX. Barclays raised their target price on Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Finally, Bank of America upped their target price on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $186.50.

Insider Activity

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This represents a 92.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Eimear P. Bonner sold 32,100 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer owned 4,366 shares of the company’s stock, valued at $764,093.66. This represents a 88.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. Company insiders own 0.21% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Market is rotating into defense and energy, lifting oil majors like Chevron as investors favor dividend-yielding, lower-beta names amid geopolitical and macro uncertainty. Wall Street Roundup: Market Shifts To Defense
• Positive Sentiment: Live coverage highlights oil-price rallies tied to U.S.–Iran war news; higher oil/gas prices are a near-term tailwind for Chevron’s upstream cash flow and margins. Stock Market Today: Chevron Shines
• Positive Sentiment: Morgan Stanley raised its price target to $212 and kept an “overweight” stance, removing some investor uncertainty and supporting the rally (small upside to current levels per that target). Morgan Stanley price-target note
• Positive Sentiment: Bernstein also raised its price target on Chevron, citing a stronger crude-price backdrop—another broker endorsement boosting investor confidence. Bernstein price-target raise
• Positive Sentiment: Analyst upgrades/estimates improved: Erste Group raised FY2026/FY2027 EPS estimates, implying better earnings momentum than previously modeled (supports forward outlook).
• Positive Sentiment: Media and screener lists are highlighting Chevron as a defensive dividend pick, drawing income-focused flows into the stock. 3 Dividend Stocks With Robust Yields
• Neutral Sentiment: Zacks pieces reiterate Chevron’s momentum and quality-asset narrative—useful framing but largely confirmatory rather than new catalysts. Zacks: Top Momentum Stock
• Neutral Sentiment: Consensus brokerage stance remains around “hold,” so while buys and upgrades are supportive, the market still shows mixed conviction from the full analyst community. Consensus Recommendation
• Negative Sentiment: Operational risk: Chevron reported outages at its Gorgon and Wheatstone LNG facilities after a cyclone, which could trim near-term production and cash flow from Australian gas operations. Chevron reports outage at Australian gas facilities
• Negative Sentiment: Reputational/noise risk: A lawmaker who supported U.S. action against Iran sold Chevron shares at recent highs—an insider-sale headline that can attract negative press and short-term selling pressure. Representative cashes out Chevron stock

Hedge Funds Weigh In On Chevron

Large investors have recently modified their holdings of the business. Perigon Wealth Management LLC grew its stake in shares of Chevron by 19.3% during the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after purchasing an additional 11,875 shares in the last quarter. Brooklyn FI LLC acquired a new stake in Chevron in the third quarter valued at $431,000. New York State Teachers Retirement System raised its stake in Chevron by 15.3% in the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after buying an additional 215,345 shares in the last quarter. Finemark National Bank & Trust lifted its holdings in Chevron by 40.3% during the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after buying an additional 16,243 shares during the last quarter. Finally, Pictet North America Advisors SA acquired a new position in shares of Chevron during the 3rd quarter worth about $5,662,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Up 1.7%

The firm has a market cap of $421.64 billion, a PE ratio of 31.73, a P/E/G ratio of 1.90 and a beta of 0.67. 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 fifty day moving average price of $184.62 and a 200 day moving average price of $164.74.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion during 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 firm’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 earnings per share. Analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. This is a boost from Chevron’s previous quarterly dividend of $1.71. 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.