Chevron (NYSE:CVX) Downgraded by Freedom Capital to “Strong Sell”

Chevron (NYSE:CVX) was downgraded by analysts at Freedom Capital from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Piper Sandler reduced their target price on shares of Chevron from $171.00 to $169.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Bank of America lowered their price target on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Morgan Stanley raised 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. Finally, HSBC set a $169.00 price objective on shares of Chevron and gave the company a “buy” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $166.90.

Chevron Price Performance

CVX opened at $156.82 on Tuesday. The stock has a market capitalization of $315.77 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 10.26 and a beta of 0.70. The stock’s 50 day moving average price is $152.10 and its 200-day moving average price is $153.26. Chevron has a 52-week low of $132.04 and a 52-week high of $168.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

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

Insider Transactions at Chevron

In other news, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of Chevron

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quaker Wealth Management LLC lifted its holdings in shares of Chevron by 197.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 439 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Chevron in the 3rd quarter worth about $34,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 118 shares during the period. Marquette Asset Management LLC bought a new stake in Chevron during the 3rd quarter valued at $41,000. Finally, IMG Wealth Management Inc. lifted its stake in Chevron by 52.3% in the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Strategic M&A upside — reports say Chevron and Quantum Energy Partners are lining up a bid for roughly $22B of Lukoil’s international assets, a deal that would materially expand Chevron’s global footprint if completed and supports longer‑term strategic growth. Chevron, Quantum Energy Partners line up bid for $22 billion of Lukoil assets, FT reports
• Neutral Sentiment: Market reaction to U.S. plan to import Venezuelan oil is muted — some outlets say oil names “shrugged off” a $2B import plan, implying the headline alone isn’t changing fundamentals immediately. Watch execution risk and timing. CVX, XOM, COP: Oil Stocks Shrug Off U.S. Deal to Import $2B Venezuelan Oil
• Neutral Sentiment: Unusually large options activity — heavy call buying was reported recently, which can amplify intraday moves and increase short‑term volatility even if it doesn’t change the company’s fundamentals. Monitor open interest and implied vol for clues on trader positioning. Chevron Target of Unusually Large Options Trading (NYSE:CVX)
• Negative Sentiment: Analyst caution and downgrades — Citigroup issued a more pessimistic near‑term forecast (lower price target), reminding investors that consensus earnings and oil‑price assumptions are being reworked; this contributes to selling pressure. Citigroup Issues Pessimistic Forecast for Chevron (NYSE:CVX) Stock Price
• Negative Sentiment: Headline risk on Venezuela durability — several analysts and pieces argue Venezuela isn’t a near‑term catalyst (or that reopening will face legal, logistical and sanction complexities), increasing the chance the recent rally was overdone. Chevron: Venezuela Is Not A Catalyst For Investors
• Negative Sentiment: Near‑term profit‑taking / reality check — coverage noting Chevron’s recent sharp gains are reversing amid reminders that rebuilding Venezuela will take years and oil prices remain below $60, a setup that can trigger short‑term pullbacks. Chevron’s stock falls as the market gets a reality check on Venezuela

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.