Chevron (NYSE:CVX) Upgraded by HSBC to “Buy” Rating

Chevron (NYSE:CVX) was upgraded by investment analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat reports. The firm presently has a $215.00 price objective on the oil and gas company’s stock. HSBC’s price target suggests a potential upside of 6.78% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Barclays raised their price objective on Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Monday. Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Piper Sandler increased their target price on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Finally, Argus set a $203.00 price target on shares of Chevron in a research note on Tuesday, February 3rd. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $184.77.

Chevron Stock Performance

CVX opened at $201.35 on Friday. Chevron has a 52-week low of $132.04 and a 52-week high of $202.44. The business’s fifty day moving average is $180.53 and its 200-day moving average is $163.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a market cap of $401.77 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 earnings per share. Sell-side analysts expect that Chevron will post 10.79 EPS for the current fiscal year.

Insider Transactions at Chevron

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the sale, the insider directly owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares in the company, valued at approximately $2,355,205.50. This trade represents a 95.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,099,397 shares of company stock valued at $196,196,468 over the last three months. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Chevron

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

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Market-wide weakness left Chevron as a relative outperformer — coverage notes CVX gained while the broader market dipped, citing oil strength and investor rotation into large-cap energy. Why the Market Dipped But Chevron (CVX) Gained Today Zacks: Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Mizuho published a bullish forecast for Chevron, which can attract momentum flows and buy-side interest. Mizuho Forecasts Strong Price Appreciation for Chevron (NYSE:CVX) Stock
• Positive Sentiment: Berkshire’s energy holdings (including Chevron) have lifted its portfolio this year; coverage highlights CVX’s strong YTD performance, reinforcing investor confidence in large-cap energy exposure amid higher oil. Berkshire’s Energy Stocks Are Rallying. But an ETF Would’ve Done Better.
• Positive Sentiment: Investor-focused outlets list Chevron among top energy buys due to production expansion and cost cuts, which supports the bullish narrative. 3 of the Best Energy Stocks to Buy Right Now
• Neutral Sentiment: Chevron Technology Ventures led a strategic investment in industrial robotics firm KEWAZO — supportive for long-term operational/efficiency optionality but unlikely to move near-term oil-driven earnings. Chevron Technology Ventures, Asahi Kasei Invest in Heavy-Industry Robotics Company KEWAZO
• Neutral Sentiment: Retail pieces tracking returns and trending-stock interest (Finbold, Zacks) indicate elevated investor attention, which can amplify moves but doesn’t change fundamentals. If you invested $1,000 in Chevron stock at the start of 2026, here’s your return now Zacks: Chevron Corporation (CVX) Is a Trending Stock
• Neutral Sentiment: General dividend and investor-info coverage outlines Chevron’s payout cadence — supportive for income investors but not a catalyst for a single-session move. Does Chevron pay dividends? When & how often?

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.