Chevron (NYSE:CVX) Stock Gets Price Target Increase from TD Cowen

Chevron (NYSE:CVX) had its price target raised by equities researchers at TD Cowen from $215.00 to $225.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the oil and gas company’s stock. TD Cowen’s price target would suggest a potential upside of 3.21% from the stock’s previous close.

CVX has been the topic of several other reports. Argus increased their price objective on shares of Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Piper Sandler lifted their target price on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Barclays decreased their price target on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Finally, HSBC set a $90.00 price target on shares of Chevron in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $213.08.

Chevron Stock Up 1.4%

CVX opened at $218.01 on Monday. The stock’s fifty day simple moving average is $205.49 and its 200 day simple moving average is $193.13. Chevron has a 1-year low of $146.49 and a 1-year high of $218.79. The stock has a market cap of $430.73 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 0.60 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 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 firm had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same period in the previous year, the business posted $1.77 earnings per share. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. As a group, research analysts expect that Chevron will post 17.43 earnings per share for the current year.

Insider Activity

In other Chevron news, Director John B. Hess sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the completion of the transaction, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider owned 14 shares of the company’s stock, valued at $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,152,582 shares of company stock worth $225,853,661. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Chevron

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp grew its stake in Chevron by 3.9% in the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after acquiring an additional 5,998,852 shares during the period. BlackRock Inc. acquired a new position in shares of Chevron during the second quarter worth approximately $25,663,729,000. Berkshire Hathaway Inc raised its position in shares of 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 worth $19,837,131,000 after purchasing an additional 8,091,570 shares during the period. Bank of America Corp DE raised its position in shares of Chevron by 5.1% during the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock worth $5,716,694,000 after purchasing an additional 1,334,976 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Chevron by 1.5% in the 4th quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company’s stock worth $2,609,194,000 after purchasing an additional 254,323 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts raised earnings estimates. Erste Group lifted its FY2026 EPS forecast to $16.90 from $16.09 and its FY2027 estimate to $13.78 from $13.52, signaling improved expectations for Chevron’s operating performance. MarketBeat Chevron estimates
• Positive Sentiment: Strong income-stock positioning is attracting investors. Zacks included CVX on its Rank #1 “Strong Buy” income-stock list, while other coverage highlighted Chevron’s profitability, cash flow, dividend appeal, cost savings and production growth. Zacks income stocks article
• Positive Sentiment: Gulf of Mexico operations are recovering. Chevron and Shell are restoring offshore oil production after Hurricane Isaias, with facilities reporting no storm damage. A faster restart limits the potential impact on output and revenue. Gulf production recovery article
• Positive Sentiment: International gas growth is reinforcing the long-term story. Chevron-linked technical expertise helped unlock first commercial gas from Australia’s Beetaloo Basin, while the company also advanced discussions related to Cyprus’ Aphrodite gas field and Egypt’s export infrastructure. Beetaloo gas article
• Neutral Sentiment: Valuation support is mixed. TD Cowen raised its price target to $225 but retained a “Hold” rating, while reported analyst targets average about $213.08—below the recent trading level. Chevron price target article
• Negative Sentiment: Chevron is taking a sizable one-time charge. The company agreed to recognize an estimated $3 billion–$4 billion loss, which could pressure reported results even though management may be using the charge to clean up the portfolio ahead of future earnings. Chevron one-time loss article

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.