Chevron (NYSE:CVX) Upgraded at Wall Street Zen

Posted by Hanz Christensen on Feb 3rd, 2026

Wall Street Zen upgraded shares of Chevron (NYSE:CVX – Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

Several other research firms have also commented on CVX. Sanford C. Bernstein lifted their price target on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Mizuho lifted their target price on shares of Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Freedom Capital downgraded shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Morgan Stanley lowered their price objective on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $172.95.

Get Our Latest Analysis on Chevron

Chevron Price Performance

Shares of CVX opened at $174.26 on Friday. Chevron has a 1-year low of $132.04 and a 1-year high of $177.30. The stock has a market cap of $350.87 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 12.32 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a fifty day moving average price of $156.89 and a 200 day moving average price of $155.65.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same quarter last year, the company posted $2.06 earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chevron will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 4.1%. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is presently 96.20%.

Insiders Place Their Bets

In other news, Director John B. Hess sold 275,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the transaction, the director directly owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This represents a 19.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Eimear P. Bonner sold 28,334 shares of Chevron stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $4,676,526.70. Following the completion of the sale, the chief financial officer owned 4,366 shares in the company, valued at approximately $720,608.30. This trade represents a 86.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 645,924 shares of company stock worth $102,079,188. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Chevron

Large investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC lifted its position in shares of Chevron by 6.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 59 shares during the period. Barlow Wealth Partners LLC raised its holdings in Chevron by 1.1% during the fourth quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company’s stock worth $869,000 after purchasing an additional 60 shares during the last quarter. Stone House Investment Management LLC boosted its position in Chevron by 6.1% during the fourth quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 61 shares in the last quarter. TigerOak Management L.L.C. boosted its position in Chevron by 0.7% during the fourth quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company’s stock worth $1,375,000 after purchasing an additional 62 shares in the last quarter. Finally, Heritage Wealth Management Inc. grew its holdings in Chevron by 0.3% in the fourth quarter. Heritage Wealth Management Inc. now owns 23,896 shares of the oil and gas company’s stock valued at $3,642,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other 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: Dividend credibility — Chevron raised its payout for the 39th consecutive year, reinforcing its status as a Dividend Aristocrat and supporting income-oriented demand for CVX shares. This Dividend Juggernaut Just Hiked Its Payout for the 39th Consecutive Year (And It Has Plenty of Fuel to Continue Growing)
Positive Sentiment: Low‑cost growth via Venezuela — Chevron is accelerating Venezuelan production and exports, an initiative expected to add volumes at attractive margins and help sustain dividends and free cash flow over the next 18–24 months. Chevron’s Venezuela Push Targets Low Cost Growth And Dividend Support
Positive Sentiment: Analyst bullishness — Wells Fargo raised its price target to $204 and kept an overweight rating, signaling upside potential relative to current levels. That supports longer‑term upside expectations. Wells Fargo price target raise
Positive Sentiment: New demand pathways — CEO commentary on using natural gas to power AI data centers (off‑grid energy parks in Texas) highlights potential secular demand for gas and differentiated midstream opportunities. Chevron CEO details strategy to shield consumers from soaring AI power costs
Neutral Sentiment: Options market activity — large options positions by “whales” point to active positioning but are ambiguous for direction (speculative interest can amplify moves). 5CVX : This Is What Whales Are Betting On Chevron
Negative Sentiment: Oil price shock — WTI and Brent fell after odds of a U.S.–Iran escalation cooled, removing a near‑term supply risk premium and pressuring integrated oil stocks like Chevron. This is the primary short‑term driver of today’s weakness. Oil Slides As Iran War Odds Cool: Exxon, Chevron Face New Reality With WTI Near $62
Negative Sentiment: Valuation / analyst rebalances — HSBC trimmed Chevron to a Hold, saying much of the company’s “position of strength” may already be priced in, which can cap near‑term upside. Chevron cut at HSBC as position of strength already priced in
Negative Sentiment: Earnings details mixed — Q4 showed an EPS beat but a revenue miss and a year‑over‑year net income decline, reinforcing concerns about top‑line sensitivity to lower oil prices. Chevron Q4 2025 net income drops 12.5% to $2.84bn
Negative Sentiment: Insider selling — CFO sold roughly $1.28M of CVX stock; while not large vs. market cap, insider sales can feed short‑term sentiment pressure. Insider Selling: Chevron (NYSE:CVX) CFO Sells $1,280,780.00 in Stock

About Chevron

(Get Free Report)

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.