Chevron (NYSE:CVX) Sets New 52-Week High After Analyst Upgrade

Chevron Corporation (NYSE:CVX) reached a new 52-week high during trading on Monday 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 $213.36 and last traded at $214.4980, with a volume of 194738 shares changing hands. The stock had previously closed at $211.15.

Several other research firms have also issued reports on CVX. Mizuho boosted their target price on Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Sanford C. Bernstein increased their price target on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, March 20th. Barclays upped their target price on shares of Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 target price on shares of Chevron in a report on Monday, February 2nd. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Chevron has an average rating of “Hold” and an average price target of $186.50.

Insider Activity at Chevron

In other news, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,099,397 shares of company stock valued at $196,196,468 over the last 90 days. Insiders own 0.21% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst price target raise to $212 — an upgrade that supports upside expectations and likely helped buying interest. Chevron (NYSE:CVX) Price Target Raised to $212.00
• Positive Sentiment: Analyst upgrade pushed intraday gains — coverage noting CVX trading ~1.7% higher after the upgrade, reinforcing short-term bullish momentum. Chevron (NYSE:CVX) Trading 1.7% Higher After Analyst Upgrade
• Positive Sentiment: Erste Group sees higher earnings for Chevron — a broker projection that supports valuation and analyst sentiment. Erste Group Bank Predicts Increased Earnings for Chevron
• Neutral Sentiment: Macro/geopolitical commentary underscores market uncertainty (S&P and energy sector volatility) but is not company-specific; this can amplify swings in energy names including CVX. The problem for investors: We don’t know how Trump wants the Iran war to end
• Negative Sentiment: Weeks‑long outage at Wheatstone LNG (Australia) after storm damage — the plant won’t be fully restarted for weeks; it accounted for roughly 2.4% of global LNG trade and the outage tightens global LNG supply while reducing Chevron’s near‑term LNG volumes and revenue. This is the largest near-term operational negative for CVX. Weeks-Long Australian LNG Outage Will Further Tighten Supply
• Negative Sentiment: Regulatory/tax risk in Australia — government discussion of a windfall profits tax on LNG producers could hit margins and add fiscal uncertainty for Chevron’s Australian operations. Cyclone Outages And Tax Threat Test Chevron’s Australian LNG Story
• Negative Sentiment: CEO warning on Iran conflict risk — heightened geopolitical uncertainty can increase input/operational risk and market volatility; investors often reprice energy stocks on uncertainty about supply disruptions and policy responses. Chevron CEO sounds alarm as Trump puts a 10-day clock on Iran

Institutional Investors Weigh In On Chevron

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings 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 valued at $28,540,753,000 after purchasing an additional 27,961,463 shares in the last quarter. Norges Bank bought a new position in shares of Chevron during the fourth quarter worth about $3,727,586,000. State Street Corp raised its position 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 valued at $23,698,184,000 after buying an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc lifted its stake in Chevron by 6.6% in the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after acquiring an additional 8,091,570 shares in the last quarter. Finally, Primecap Management Co. CA bought a new stake in Chevron in the 3rd quarter valued at approximately $988,083,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 1.3%

The stock has a market cap of $426.63 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 1.76 and a beta of 0.67. The business has a 50-day simple moving average of $185.52 and a two-hundred day simple moving average of $165.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same period last year, the company earned $2.06 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. As a group, research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.3%. Chevron’s payout ratio is presently 106.91%.

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.