Chevron (NYSE:CVX) Upgraded by HSBC to “Buy” Rating

HSBC upgraded shares of Chevron (NYSE:CVX) from a hold rating to a buy rating in a research note released on Friday morning, Marketbeat reports. HSBC currently has $215.00 price objective on the oil and gas company’s stock.

CVX has been the subject of a number of other research reports. Citigroup increased their price target on shares of Chevron from $179.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wells Fargo & Company boosted their price objective on shares of Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. UBS Group reaffirmed a “buy” rating and issued a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Chevron currently has a consensus rating of “Hold” and an average price target of $184.77.

Chevron Trading Up 0.1%

Shares of CVX stock opened at $201.73 on Friday. The business’s fifty day moving average price is $181.32 and its 200 day moving average price is $163.40. Chevron has a 1-year low of $132.04 and a 1-year high of $205.08. The firm has a market capitalization of $402.53 billion, a PE ratio of 30.29, a P/E/G ratio of 1.86 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion during 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%.Chevron’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 earnings per share. As a group, sell-side analysts forecast that Chevron will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s payout ratio is currently 106.91%.

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 272,624 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,099,397 shares of company stock valued at $196,196,468. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Chevron

A number of institutional investors have recently made changes to their positions in CVX. D.B. Root & Company LLC boosted its stake in shares of Chevron by 1.0% during the 4th quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company’s stock worth $846,000 after purchasing an additional 57 shares during the last quarter. Fox Hill Wealth Management raised its position in shares of Chevron by 1.7% in the fourth quarter. Fox Hill Wealth Management now owns 3,443 shares of the oil and gas company’s stock valued at $525,000 after buying an additional 57 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Chevron by 6.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 59 shares during the last quarter. MMA Asset Management LLC lifted its stake in shares of Chevron by 3.4% during the fourth quarter. MMA Asset Management LLC now owns 1,820 shares of the oil and gas company’s stock valued at $277,000 after buying an additional 59 shares during the period. Finally, EWA LLC lifted its stake in shares of Chevron by 2.8% during the fourth quarter. EWA LLC now owns 2,182 shares of the oil and gas company’s stock valued at $333,000 after buying an additional 59 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s market capitalization topped $400 billion for the first time as the crude rally lifted energy peers and investor appetite for large integrated oil names. Chevron (CVX) Stock Breaks Into Elite $400B Club Amid Oil Price Rally
• Positive Sentiment: HSBC upgraded CVX from Hold to Buy and set a $215 target, signaling analyst conviction that the stock has further upside as oil stays elevated. HSBC upgrade to Buy
• Positive Sentiment: Major business press notes Chevron’s rise into the top-20 U.S. companies by market value, reinforcing momentum and institutional interest in the name. Chevron Jumps Into Top 20 Most Valuable U.S. Companies
• Positive Sentiment: Analyst/market commentaries and YTD performance write-ups highlight strong gains (CVX up materially this year) driven by geopolitical support for oil prices and Chevron’s growth projects—these narratives help attract momentum flows. Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Mizuho and other broker notes (coverage upgrades / bullish price forecasts) and inclusion in “best energy stocks” pieces amplify buy-side interest and argue for continued upside if commodity strength persists. Mizuho Forecasts Strong Price Appreciation for Chevron (NYSE:CVX) Stock
• Neutral Sentiment: Comparative analyst pieces (e.g., Zacks on Chevron vs. Suncor) note Chevron’s diversification and Guyana growth but weigh that against peer cost actions—useful context but not an immediate catalyst. Chevron vs. Suncor: Which Energy Stock Wins at 52-Week Highs?
• Neutral Sentiment: Chevron Technology Ventures led a small strategic investment in robotics firm KEWAZO—positioning for operational efficiencies but not a near-term earnings driver. Chevron Technology Ventures Invests in KEWAZO

About Chevron

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.