Chevron (NYSE:CVX) Hits New 12-Month High on Analyst Upgrade

Chevron Corporation (NYSE:CVX) shares reached a new 52-week high on Wednesday after Mizuho raised their price target on the stock from $206.00 to $217.00. Mizuho currently has an outperform rating on the stock. Chevron traded as high as $200.58 and last traded at $197.9690, with a volume of 14012717 shares trading hands. The stock had previously closed at $196.84.

CVX has been the subject of a number of other reports. HSBC lowered Chevron from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Monday, February 2nd. Sanford C. Bernstein increased their target price on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Piper Sandler lifted their target price on Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Citigroup boosted their target price on shares of Chevron from $179.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $183.18.

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at approximately $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider R. Hewitt Pate sold 47,200 shares of Chevron stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at approximately $1,644,162.96. The trade was a 84.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,099,397 shares of company stock valued at $196,196,468 over the last 90 days. Company insiders own 0.21% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron outperformed the wider market today as demand for energy and stronger crude prices lifted integrated oil majors; Zacks highlights CVX’s intraday gain and renewed investor interest. Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Chevron is benefiting from a broader energy rally that’s boosted major holdings in portfolios like Berkshire Hathaway’s; CVX’s YTD performance and sector momentum are drawing institutional attention and helping push the share price up. Berkshire’s Energy Stocks Are Rallying. But an ETF Would’ve Done Better.
• Positive Sentiment: Broker coverage is supportive: recent forecasts from banks (Mizuho, Barclays) project strong price appreciation for CVX, reinforcing buy-side conviction and likely contributing to inflows. Mizuho Forecasts Strong Price Appreciation for Chevron (NYSE:CVX) Stock
• Neutral Sentiment: Chevron Technology Ventures joined a $35M funding round for KEWAZO, a heavy-industry robotics firm — a strategic, small-scale investment that supports operational efficiency but is unlikely to move near-term earnings. Chevron Technology Ventures, Asahi Kasei Invest in Heavy-Industry Robotics Company KEWAZO
• Neutral Sentiment: Retail-focused pieces show strong YTD returns for CVX (e.g., “$1,000 invested since Jan 1” write-ups), which can amplify momentum trading but are descriptive rather than fundamental drivers. If you invested $1,000 in Chevron stock at the start of 2026, here’s your return now
• Negative Sentiment: Operational/legal and geopolitical risks remain: Chevron disclosed a settlement over invalid renewable fuel credits and has warned of supply risks tied to Middle East disruptions — items that could pressure costs or create volatility if escalations occur. Is Chevron (CVX) Balancing Dividend Strength With Rising Geopolitical Risk In Its Energy Strategy?

Institutional Trading of Chevron

Several institutional investors and hedge funds have recently bought and sold shares of the business. Perigon Wealth Management LLC increased its stake in shares of Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after acquiring an additional 11,875 shares during the last quarter. Brooklyn FI LLC acquired a new position in Chevron during the third quarter worth $431,000. New York State Teachers Retirement System raised its holdings in Chevron by 15.3% during the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after buying an additional 215,345 shares in the last quarter. Finemark National Bank & Trust lifted its position in shares of Chevron by 40.3% in the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after buying an additional 16,243 shares during the last quarter. Finally, Pictet North America Advisors SA bought a new stake in shares of Chevron during the 3rd quarter worth about $5,662,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The company has a market cap of $401.77 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.84 and a beta of 0.67. The firm has a 50 day moving average price of $180.53 and a 200-day moving average price of $163.12.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The firm’s revenue was down 10.2% compared to the same quarter last year. During the same period last year, the business earned $2.06 EPS. On average, research analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a $1.78 dividend. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. Chevron’s dividend payout ratio is presently 106.91%.

Chevron Company Profile

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.