Chevron (NYSE:CVX) Stock Rating Upgraded by Tudor Pickering

Chevron (NYSE:CVX) was upgraded by equities researchers at Tudor Pickering from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $225.00 price objective on the oil and gas company’s stock. Tudor Pickering’s target price points to a potential upside of 16.69% from the stock’s current price.

Several other equities research analysts also recently issued reports on CVX. Wells Fargo & Company raised their price target on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group reaffirmed a “buy” rating and issued a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. Scotiabank raised Chevron to a “hold” rating in a research report on Friday, March 27th. Finally, HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $189.26.

Chevron Price Performance

NYSE CVX opened at $192.81 on Thursday. Chevron has a fifty-two week low of $132.04 and a fifty-two week high of $214.71. The stock’s 50-day moving average is $190.88 and its two-hundred day moving average is $167.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market cap of $384.74 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.66 and a beta of 0.60.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business 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 business earned $2.06 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. On average, analysts anticipate that Chevron will post 10.79 earnings per share for the current fiscal year.

Insider Transactions at Chevron

In related news, insider Andrew Benjamin Walz sold 11,600 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction 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 in the company, valued at $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 782,607 shares of company stock worth $146,510,571. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised 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 buying an additional 27,961,463 shares during the last quarter. Norges Bank bought a new stake in Chevron during the 4th quarter worth about $3,727,586,000. State Street Corp grew its holdings in Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after acquiring an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc raised its stake in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after acquiring an additional 8,091,570 shares during the last quarter. Finally, Primecap Management Co. CA bought a new position in shares of Chevron in the third quarter worth about $988,083,000. Institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Confirmed oil discovery at the Bandit prospect (Green Canyon Block 680) — Chevron participated in a high‑quality, full‑to‑base Miocene sand oil find; co-owners are evaluating tie‑back options that could add medium‑term upstream volumes and reserves. Chevron Confirms Oil Discovery at Bandit Prospect in Gulf of America
• Positive Sentiment: Q1 upstream earnings tailwind — Chevron expects upstream earnings to improve by $1.6–$2.2 billion Q1 vs. Q4 2025 due to higher oil/gas prices amid Middle East volatility, supporting near‑term cash flow and capital return capacity. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Positive Sentiment: Leviathan gas output resumed — Chevron restarted Leviathan after a 33‑day halt and lifted capacity, improving LNG/gas cash flow exposure and strengthening its Eastern Mediterranean supply role. This supports LNG upside amid tight global gas markets. Chevron Reopens Leviathan Gas Field Operations Following 33-Day Halt
• Positive Sentiment: Analyst upgrades/estimates rising — BMO raised its price target to $205 (Outperform) and Erste bumped FY2026 EPS assumptions, both signaling analyst support for CVX earnings and valuation going forward. BMO Capital Boosts Chevron (CVX) Target Erste raises FY2026 EPS estimates
• Neutral Sentiment: Valuation & long‑term narratives — Some outlets reiterate CVX as a dividend/long‑hold due to buybacks and a 38‑year dividend growth streak; 12‑month targets imply modest upside, so long‑term thesis intact but near‑term upside may be limited. Chevron dividend and long-term outlook
• Neutral Sentiment: Price forecasts & trading ideas — Retail price‑target pieces and options strategy writeups (covered calls/cash‑secured puts) provide tactical views but aren’t new fundamental drivers; they matter more to short‑term derivatives/volume. Chevron Price Prediction: Where Will The Oil Stock Be In 3 Years?
• Negative Sentiment: Ceasefire headlines and oil price pullback — A two‑week US‑Iran ceasefire and related headlines briefly pushed oil prices lower, triggering sectorwide profit‑taking and selling pressure in CVX despite company positives. Market reaction to easing geopolitical risk is the main short‑term negative. Not Everything Is Rallying Today — These Stocks Are Sliding After the US-Iran Ceasefire Deal
• Negative Sentiment: Volatility & geopolitical tail‑risk — Ongoing strikes (e.g., Saudi pipeline drone reports) and fragile ceasefire messaging keep upside capped and create trading volatility; that uncertainty can force short‑term de‑risking by institutions. Saudi East-West Pipeline Hit by Drone Strike
• Negative Sentiment: Sector technical/market commentary warns of a short pullback — Energy ETF technicals and short‑term analyst notes suggest the sector may pause after March highs, which can weigh on CVX until fresh conviction or stronger oil upside returns. XLE ETF technicals and sector pause

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.