Chevron (NYSE:CVX – Get Free Report) had its price target hoisted by analysts at Morgan Stanley from $174.00 to $212.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the oil and gas company’s stock. Morgan Stanley’s price target indicates a potential upside of 0.03% from the company’s current price.
A number of other equities analysts have also commented on the stock. Sanford C. Bernstein boosted their price objective on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Jefferies Financial Group boosted their price target on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Tuesday, February 17th. BMO Capital Markets reiterated an “outperform” rating and set a $190.00 target price on shares of Chevron in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $186.50.
View Our Latest Stock Analysis on CVX
Chevron Trading Up 2.0%
Chevron (NYSE:CVX – Get Free Report) last released 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 net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the previous year, the firm earned $2.06 earnings per share. Chevron’s revenue for the quarter was down 10.2% on a year-over-year basis. Analysts expect that Chevron will post 10.79 EPS for the current year.
Insider Activity
In related news, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 272,624 shares of the firm’s 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 transaction, the chief executive officer directly owned 31,266 shares in the company, valued at approximately $5,920,217.10. The trade was a 89.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,099,397 shares of company stock worth $196,196,468 over the last ninety days. 0.21% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CVX. United Bank raised its position in Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after acquiring an additional 796 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Chevron by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares during the last quarter. Clarkston Capital Partners LLC grew its stake in shares of Chevron by 41.8% in the 2nd quarter. Clarkston Capital Partners LLC now owns 18,474 shares of the oil and gas company’s stock worth $2,645,000 after purchasing an additional 5,450 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Chevron by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 652,618 shares of the oil and gas company’s stock worth $93,448,000 after purchasing an additional 15,560 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. lifted its stake in Chevron by 3.9% during the second quarter. Patrick M Sweeney & Associates Inc. now owns 3,635 shares of the oil and gas company’s stock valued at $539,000 after purchasing an additional 135 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.
Chevron News Roundup
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Australian LNG outages at Chevron’s Gorgon and Wheatstone facilities tighten global gas supply, supporting higher LNG/gas prices that benefit Chevron’s upstream gas cash flow. Chevron reports outage at Australian gas facilities due to cyclone
- Positive Sentiment: Analyst support has strengthened: Bernstein reportedly raised CVX’s price target on a stronger crude outlook, and Erste Group raised FY‑2026 and FY‑2027 EPS forecasts — both lift investor expectations for earnings and valuation. Chevron (CVX) price target raised by Bernstein on stronger crude backdrop Erste Group EPS revisions (MarketBeat summary)
- Positive Sentiment: Multiple research writeups (Zacks, TheStreet, Barron’s) highlight Chevron’s low breakeven costs, high‑quality assets, strong dividend and balance sheet — reinforcing momentum investor interest. Why Chevron (CVX) is a Top Momentum Stock for the Long-Term
- Neutral Sentiment: Corporate update: Chevron amended board bylaws after the Hess acquisition — a governance/legal housekeeping item that investors should note but that doesn’t materially change fundamentals. Chevron Updates Board Bylaws Following Hess Acquisition
- Neutral Sentiment: Chevron warned about a potential California energy/refining squeeze as imports slow — a signal of regional supply risk that could lift margins in the near term but also invites regulatory scrutiny. Chevron Raises Alarm Over California Energy Crisis as Imports Slow
- Negative Sentiment: Macro risk: a Seeking Alpha piece argues $130–$140 oil is realistic and could be “not good” — extreme price spikes heighten demand‑destruction risk and political backlash that could eventually hurt majors’ volumes and sentiment. Chevron: $130-$140 Oil Is Realistic And That’s Not Good
- Negative Sentiment: Policy risk: Senator Whitehouse’s proposed S.4111 “Big Oil Windfall Profits Tax Act” targets large producers (including CVX) and could introduce future tax/regulatory headwinds if traction grows in Congress. New Bill: Senator Sheldon Whitehouse introduces S. 4111
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.
Further Reading
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