Chevron Corporation (NYSE:CVX) Receives Average Recommendation of “Moderate Buy” from Analysts

Chevron Corporation (NYSE:CVX) has been given an average recommendation of “Moderate Buy” by the twenty-six research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twenty have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $211.3478.

A number of research analysts have recently weighed in on CVX shares. Piper Sandler raised their price objective on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Mizuho set a $224.00 target price on Chevron in a research note on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $216.00 target price on shares of Chevron in a report on Friday, July 10th. Sanford C. Bernstein upped their price objective on Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Insider Activity

In other Chevron news, CEO Michael Wirth sold 317,100 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total transaction of $506,621.70. Following the sale, the insider owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Chevron

Several hedge funds have recently made changes to their positions in CVX. Blue Capital Inc. acquired a new stake in shares of Chevron in the 2nd quarter valued at about $786,000. OneAscent Wealth Management LLC acquired a new position in shares of Chevron during the second quarter worth about $973,000. Global Retirement Partners LLC acquired a new position in shares of Chevron during the second quarter worth about $14,276,000. Janney Montgomery Scott LLC grew its holdings in shares of Chevron by 6.8% during the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock worth $258,853,000 after buying an additional 79,439 shares in the last quarter. Finally, Galaxy Digital Inc. bought a new position in shares of Chevron during the first quarter worth about $2,028,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group Bank raised its Chevron EPS estimates to $16.09 for fiscal 2026 from $15.94 and to $13.52 for fiscal 2027 from $13.40. The revisions indicate slightly improved earnings expectations, although the 2026 estimate remains below the broader $16.51 consensus. MarketBeat Chevron estimates
• Positive Sentiment: Analysts continue to favor Chevron among major energy companies because of solid oil prices relative to historical levels, its integrated upstream and downstream model, and robust midstream operations. Integrated energy industry tailwinds
• Positive Sentiment: Chevron is expected to benefit from rising U.S. imports of Venezuelan crude, which could provide additional feedstock and support its Venezuela-related operations. The company is also planning to increase drilling activity next year and is maintaining a bullish long-term view of liquefied natural gas demand. Venezuelan crude imports
• Neutral Sentiment: While JPMorgan’s commodity team said the outlook for oil prices remains highly uncertain because of developments involving Iran, Chevron was identified as the energy stock receiving notable analyst support. CNBC Chevron analyst coverage
• Negative Sentiment: Global crude prices declined for a fourth consecutive session, weighing on Chevron despite gains in major equity indexes. Lower oil prices can reduce upstream revenue and cash flow expectations for integrated oil producers. Chevron shares and falling crude prices

Chevron Trading Down 0.6%

NYSE:CVX opened at $202.42 on Friday. Chevron has a 52-week low of $146.49 and a 52-week high of $217.78. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $200.25 and a 200-day simple moving average of $191.97. The company has a market capitalization of $399.94 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 0.60 and a beta of 0.50.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter in the previous year, the business posted $1.77 earnings per share. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts expect that Chevron will post 16.52 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a $1.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron’s payout ratio is presently 68.26%.

About Chevron

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.