Investment Analysts’ Recent Ratings Changes for Chevron (CVX)

Chevron (NYSE: CVX) has recently received a number of price target changes and ratings updates:

• 5/22/2026 – Chevron had its price target raised by Morgan Stanley from $212.00 to $214.00. They now have an “overweight” rating on the stock.
• 5/11/2026 – Chevron had its price target lowered by Sanford C. Bernstein from $216.00 to $204.00. They now have a “market perform” rating on the stock.
• 5/8/2026 – Chevron had its price target raised by TD Cowen from $204.00 to $205.00. They now have a “hold” rating on the stock.
• 5/6/2026 – Chevron had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $216.00 price target on the stock.
• 5/5/2026 – Chevron had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $220.00 price target on the stock.
• 5/4/2026 – Chevron had its price target raised by UBS Group AG from $218.00 to $220.00. They now have a “buy” rating on the stock.
• 5/4/2026 – Chevron had its price target raised by Barclays PLC from $180.00 to $192.00. They now have an “equal weight” rating on the stock.
• 4/22/2026 – Chevron had its price target raised by Scotiabank from $168.00 to $187.00. They now have a “sector perform” rating on the stock.
• 4/17/2026 – Chevron was upgraded by BNP Paribas Exane from “neutral” to “outperform”. They now have a $174.00 price target on the stock.
• 4/13/2026 – Chevron had its price target raised by Royal Bank Of Canada from $200.00 to $220.00. They now have an “outperform” rating on the stock.
• 4/13/2026 – Chevron had its price target lowered by TD Cowen from $214.00 to $204.00. They now have a “hold” rating on the stock.
• 4/9/2026 – Chevron had its price target raised by Wells Fargo & Company from $204.00 to $222.00. They now have an “overweight” rating on the stock.
• 4/9/2026 – Chevron was upgraded by Tudor Pickering from “hold” to “buy”. They now have a $225.00 price target on the stock.
• 4/3/2026 – Chevron was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/2/2026 – Chevron had its price target raised by Citigroup Inc. from $210.00 to $235.00. They now have a “buy” rating on the stock.
• 3/27/2026 – Chevron was upgraded by Scotiabank to “hold”.
• 3/27/2026 – Chevron had its price target raised by Morgan Stanley from $174.00 to $212.00. They now have an “overweight” rating on the stock.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

Insider Activity at Chevron

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction dated 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 sale, the insider owned 11,337 shares in the company, valued at $2,130,449.04. This represents a 92.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider R. Hewitt Pate sold 40,200 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the transaction, the insider directly owned 8,638 shares in the company, valued at approximately $1,842,485.40. The trade was a 82.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 799,699 shares of company stock valued at $151,259,517 over the last quarter. 0.56% of the stock is currently owned by company insiders.

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.