Chevron (NYSE:CVX) Stock Price Expected to Rise, TD Cowen Analyst Says

Chevron (NYSE:CVX) had its price objective upped by research analysts at TD Cowen from $200.00 to $205.00 in a report issued on Wednesday. The brokerage currently has a “hold” rating on the oil and gas company’s stock. TD Cowen’s price target suggests a potential upside of 7.72% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a report on Thursday, July 2nd. Scotiabank increased their target price on Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings cut shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $216.00 price objective on shares of Chevron in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $220.00 price target on shares of Chevron in a research note on Tuesday, May 5th. Eighteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $207.48.

Chevron Price Performance

NYSE:CVX opened at $190.31 on Wednesday. The stock has a 50 day moving average of $182.09 and a two-hundred day moving average of $185.49. Chevron has a 12 month low of $146.49 and a 12 month high of $214.71. The firm has a market cap of $379.02 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 0.60 and a beta of 0.49. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.14% and a net margin of 9.57%.The business’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 earnings per share. On average, analysts expect that Chevron will post 15.66 earnings per share for the current fiscal year.

Insider Activity at Chevron

In related news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director owned 278,045 shares in the company, valued at $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chevron

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. United Bank boosted its position in shares of Chevron by 7.7% in the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after buying an additional 796 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in Chevron by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after acquiring an additional 4,214 shares in the last quarter. BNP Paribas increased its holdings in Chevron by 76.4% during the 2nd quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 191 shares in the last quarter. Osterweis Capital Management Inc. raised its position in Chevron by 678.9% during the second quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock worth $195,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of Chevron by 3.6% in the second quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock valued at $2,299,000 after purchasing an additional 553 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reported second-quarter 2026 revenue of $70.06 billion and net income of $12.07 billion, helped by higher production, early cost reductions and elevated refining margins. Adjusted earnings of $6.06 per share exceeded estimates of $5.55, while the company maintained its $1.78 quarterly dividend. Should Chevron’s War-Boosted Margins and Cash Flows Prompt a Portfolio Rethink for CVX Investors?
• Positive Sentiment: Management highlighted cost discipline, lower capital spending, global production growth and repeatable power projects, including a long-term artificial-intelligence power agreement with Microsoft. These initiatives could support cash flow after commodity conditions normalize. CVX Q2 Earnings Call Puts Cost Discipline and Power in Focus
• Positive Sentiment: Barclays raised its price target to $216 from $213, while Bernstein increased its target to $209 from $204. Although both firms retained neutral-style ratings, the revisions indicate improved earnings expectations. Analysts Increase Forecasts on Chevron Following Upbeat Q2 Earnings
• Neutral Sentiment: Chevron is studying a pipeline route through Iraq toward Syria or Turkey to reduce reliance on the Strait of Hormuz. The project could improve supply-chain resilience, but it remains exploratory and carries substantial geopolitical and execution risks. Chevron CEO Evaluates New Pipeline Route Around Strait of Hormuz
• Negative Sentiment: President Donald Trump criticized Chevron and ExxonMobil for allegedly earning excessive profits during the Iran conflict and demanded lower retail gasoline prices. While the immediate regulatory consequences are uncertain, the comments increase political and windfall-tax risk. Trump Demands Lower Gas Prices From Oil Companies
• Negative Sentiment: Reports that U.S.-Iran negotiations could ease supply disruptions triggered a crude-price selloff, pressuring energy shares. Lower oil prices would reduce the value of Chevron’s war-boosted upstream earnings and cash flows. Energy Stocks Drop as Iran Talks Trigger Crude Oil Selloff
• Negative Sentiment: Berkshire Hathaway reduced its Chevron position by 35% under Greg Abel, removing a notable source of investor confidence and adding to selling pressure. Berkshire Hathaway Reduces Chevron Stake

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.