Chevron (NYSE:CVX) Reaches New 52-Week High on Analyst Upgrade

Chevron Corporation (NYSE:CVX)’s stock price hit a new 52-week high on Tuesday after TD Cowen raised their price target on the stock from $215.00 to $225.00. TD Cowen currently has a hold rating on the stock. Chevron traded as high as $218.17 and last traded at $218.1730, with a volume of 1,591,940 shares. The stock had previously closed at $215.00.

Other research analysts also recently issued reports about the stock. Sanford C. Bernstein increased their target price on shares of Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Argus boosted their price target 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. Royal Bank Of Canada boosted their price target on shares of Chevron from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, September 24th. Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Wall Street Zen raised Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $213.08.

Insider Transactions at Chevron

In other news, insider R. Pate sold 2,470 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the sale, the insider directly owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. This represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Hess sold 710,665 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the transaction, the director owned 363,711 shares in the company, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is currently owned by corporate insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group raised its Chevron EPS estimates to $16.90 for FY2026 from $16.09 and to $13.78 for FY2027 from $13.52, signaling greater confidence in the company’s earnings outlook. Erste Group raises Chevron earnings estimates
• Positive Sentiment: TD Cowen raised its Chevron price target to $225 from $215 while maintaining a Hold rating, implying additional upside based on stronger operating and commodity expectations. Chevron price target raised by TD Cowen
• Positive Sentiment: Recent coverage highlights Chevron’s strong cash flow, expanding production, cost savings and upbeat 2026 earnings outlook. The company also continues advancing the Aphrodite gas project with Egypt, including work toward long-lead procurement and a final investment decision. Chevron outpaces the energy industry Chevron and Egypt discuss Aphrodite pipeline
• Positive Sentiment: Chevron’s Gulf of Mexico operations are being restored following hurricane-related shutdowns, reducing the risk that the disruption will become a prolonged production or cash-flow problem. Gulf oil production restoration
• Positive Sentiment: Zacks added CVX to its Rank #1 Strong Buy income-stock list, reinforcing the appeal of Chevron’s dividend and income profile. Zacks Strong Buy income stocks

Institutional Trading of Chevron

A number of large investors have recently bought and sold shares of CVX. Blue Capital Inc. bought a new stake in Chevron in the second quarter valued at about $786,000. OneAscent Wealth Management LLC acquired a new stake in shares of Chevron during the 2nd quarter valued at approximately $973,000. Global Retirement Partners LLC acquired a new stake in shares of Chevron during the second quarter worth $14,276,000. Ferguson Wellman Capital Management Inc. lifted its holdings in Chevron by 0.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company’s stock worth $186,182,000 after acquiring an additional 5,787 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Chevron by 6.8% in 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 acquiring an additional 79,439 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Performance

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 50 day simple moving average of $204.94 and a 200 day simple moving average of $193.04. The company has a market capitalization of $430.42 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 0.59 and a beta of 0.53.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business’s revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.77 earnings per share. As a group, analysts anticipate that Chevron Corporation will post 17.34 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. Chevron’s payout ratio is currently 68.26%.

Chevron Company Profile

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.