TD Cowen Issues Positive Forecast for Chevron (NYSE:CVX) Stock Price

Chevron (NYSE:CVX) had its price target lifted by research analysts at TD Cowen from $197.00 to $200.00 in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the oil and gas company’s stock. TD Cowen’s target price points to a potential upside of 4.74% from the company’s current price.

A number of other equities research analysts have also recently issued reports on CVX. Morgan Stanley decreased their price objective on shares of Chevron from $214.00 to $210.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Royal Bank Of Canada restated an “outperform” rating and set a $220.00 target price on shares of Chevron in a research note on Tuesday, May 5th. Barclays raised their target price on Chevron from $192.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a research report on Thursday, April 9th. Finally, Sanford C. Bernstein reduced their price objective on Chevron from $216.00 to $204.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Nineteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.62.

Chevron Trading Up 0.6%

NYSE:CVX opened at $190.94 on Wednesday. The stock has a market cap of $380.28 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 0.67 and a beta of 0.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The stock’s 50-day moving average is $181.74 and its two-hundred day moving average is $183.20. Chevron has a fifty-two week low of $146.49 and a fifty-two week high of $214.71.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The business had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. During the same period in the previous year, the company posted $2.18 EPS. Chevron’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Chevron will post 14.78 earnings per share for the current fiscal year.

Insider Activity at Chevron

In other news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the sale, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. The trade was a 57.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dakota Wealth Management grew its holdings in Chevron by 14.9% during the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock worth $12,690,000 after acquiring an additional 10,822 shares during the last quarter. Clear Trail Advisors LLC acquired a new stake in Chevron in the 4th quarter valued at about $10,167,000. Curtis Advisory Group LLC acquired a new stake in Chevron in the 4th quarter valued at about $1,381,000. Indivisible Partners bought a new position in shares of Chevron in the fourth quarter worth about $1,923,000. Finally, Cypress Wealth Services LLC raised its stake in shares of Chevron by 64.0% in the fourth quarter. Cypress Wealth Services LLC now owns 16,591 shares of the oil and gas company’s stock worth $2,529,000 after acquiring an additional 6,475 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil prices surged above $90 a barrel amid Middle East tensions, helping lift Chevron along with other energy names as investors expect stronger upstream cash flow. Why Are BATL, TPET, XOM, CVX, USO, UCO Stocks Rising Overnight?
• Positive Sentiment: Analysts said Chevron and other energy stocks look positioned to beat second-quarter earnings estimates thanks to elevated crude prices supporting production and drilling economics. Chevron & 2 Energy Stocks Poised to Beat Q2 Earnings Estimates
• Positive Sentiment: Chevron was also highlighted in a bullish oil-market backdrop, with some commentary pointing to rising geopolitical risk and tight U.S. oil inventories as reasons energy stocks could reprice higher. Chevron shuts US Gulf platform in preparation for developing tropical storm
• Neutral Sentiment: Chevron shut in production at its Petronius U.S. Gulf platform ahead of a tropical storm; this is typically a temporary operational step, but it can trim near-term output until conditions improve. Chevron shuts production at US Gulf platform ahead of tropical storm
• Negative Sentiment: One report noted FY2026 EPS estimates for Chevron were lowered by an analyst, which could pressure sentiment if it signals softer earnings expectations. FY2026 EPS Estimates for Chevron Decreased by Analyst

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.