Chevron (NYSE:CVX – Get Free Report) had its price target lifted by equities researchers at Citigroup from $210.00 to $235.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Citigroup’s price objective would indicate a potential upside of 17.92% from the company’s current price.
Other analysts also recently issued research reports about the company. TD Cowen boosted their price objective on Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. HSBC raised Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, March 20th. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Bank of America upped their price target on shares of Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Piper Sandler raised their price objective on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $187.64.
Chevron Price Performance
Chevron (NYSE:CVX – Get Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion for 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 quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.06 earnings per share. Research analysts expect that Chevron will post 10.79 EPS for the current fiscal year.
Insider Activity at Chevron
In other news, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the transaction, the chief executive officer owned 31,266 shares of the company’s stock, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,139,597 shares of company stock valued at $204,771,128 over the last ninety days. Company insiders own 0.21% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Chevron by 17.9% during the 3rd 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 during the period. Norges Bank purchased a new position in shares of Chevron during the fourth quarter valued at $3,727,586,000. State Street Corp grew its holdings in shares of Chevron by 9.1% during the third 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 in the last quarter. Berkshire Hathaway Inc raised its position in Chevron by 6.6% during the fourth 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 buying an additional 8,091,570 shares during the period. Finally, Primecap Management Co. CA acquired a new position in Chevron during the third quarter valued at $988,083,000. 72.42% of the stock is owned by hedge funds and other institutional investors.
Chevron News Summary
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Higher crude prices and geopolitical risk support Chevron’s revenue and cash-flow outlook — oil has spiked above $109/barrel amid Iran-related tensions, a direct tailwind for integrated producers like CVX. Oil Spikes Above $109 as Stocks Slide—S&P 500 and Nasdaq Drop Amid Escalating Iran War Uncertainty
- Positive Sentiment: Analyst optimism: price-target upgrades and a Zacks upgrade to a Buy have lifted sentiment and likely supported bid-side interest in CVX. Chevron (CVX) Price Target Raised to $212
- Positive Sentiment: Strategic commercial win: Chevron signed an exclusivity deal with Microsoft and Engine No. 1 for power supply that helps de‑risk a potential ~$7B Texas power project and strengthens long-term industrial demand exposure. Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply
- Positive Sentiment: Project execution: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea, adding upstream growth and contracted cash flows. Chevron makes final investment decision in Equatorial Guinea’s Aseng gas project
- Neutral Sentiment: Operational innovation: Chevron is ramping robotics and drone inspections across oilfields to lower costs and improve safety — a positive structural story but a longer-term catalyst. Is Chevron’s Robotics Strategy the Future of Oilfields?
- Neutral Sentiment: Earnings calendar: Chevron set its 1Q 2026 earnings conference call for May 1 — a near-term event that could move the stock depending on production, margins and guidance. Advisory: Chevron Corporation’s 1Q 2026 Earnings Conference Call and Webcast
- Negative Sentiment: Insider sell: Director R. Hewitt Pate sold 40,200 shares at about $213.30 on Mar. 30, trimming his position ~82% — a governance/flow signal some investors view as mildly negative. Insider Sale Filing
- Negative Sentiment: Production/headline risk: Wheatstone LNG remains offline after cyclone damage, tightening global LNG supply and introducing near-term earnings uncertainty for CVX. Wheatstone LNG Outage Tests Chevron Valuation And Earnings Resilience
- Negative Sentiment: Regulatory/legal risk: Chevron warned it may have to close some California gas plants amid state policy pressures — a longer-term operational and margin risk in a key market. Chevron May Have To Close Its Gas Plants As State Plays ‘Dangerous Game’
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.
Further Reading
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