Chevron (NYSE:CVX) Hits New 1-Year High After Analyst Upgrade

Chevron Corporation (NYSE:CVX)’s share price hit a new 52-week high on Tuesday after Wells Fargo & Company raised their price target on the stock from $196.00 to $204.00. Wells Fargo & Company currently has an overweight rating on the stock. Chevron traded as high as $177.38 and last traded at $176.9520, with a volume of 5103317 shares changing hands. The stock had previously closed at $174.03.

A number of other research analysts have also commented on the stock. UBS Group reaffirmed a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Scotiabank reaffirmed a “sector perform” rating and issued a $168.00 price target on shares of Chevron in a report on Friday, January 16th. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 20th. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $172.95.

Insider Buying and Selling

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Hess sold 275,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the sale, the director owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 645,924 shares of company stock valued at $102,079,188. 0.21% of the stock is currently owned by insiders.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wells Fargo raised its price target to $204 and keeps an overweight view, signaling fresh analyst upside that supports buying interest. Wells Fargo raises CVX price target
• Positive Sentiment: Goldman Sachs reiterated a Buy, highlighting Chevron’s structural growth, cash generation and capital returns — institutional support that can prop the share price. Goldman Sachs maintains Buy on CVX
• Positive Sentiment: Analysts and bulls point to Chevron’s operational strength, the Hess acquisition (Guyana production upside), a strong balance sheet and attractive dividend yield as reasons for a higher intrinsic valuation (DDM and P/E-based bull targets cited). Chevron: Robust Fundamentals (Seeking Alpha)
• Positive Sentiment: Chevron recently raised its dividend (4.0% to $7.12 annually) and management is flagging record shareholder payouts — supporting income investors and underpinning multiple expansion. Chevron dividend hike coverage
• Neutral Sentiment: Q4 results showed an EPS beat ($1.52 vs. $1.44 est.) but revenue missed and net income declined year-over-year — a mixed earnings print that supports the headline EPS story but leaves questions about topline momentum. Chevron Q4 results (presentation)
• Neutral Sentiment: Management highlighted growth initiatives such as low-cost Venezuelan crude exports and plans to use natural gas for AI data-center power — strategic positives that are longer-term and execution-dependent. Venezuela push coverage CEO on AI power strategy (Fox Business)
• Negative Sentiment: Oil prices plunged (over 5% on easing U.S.–Iran tensions), a direct negative for upstream margins and near-term energy sector sentiment that can pressure CVX despite company-specific positives. Oil slides as Iran war odds cool
• Negative Sentiment: Some sell-side caution: HSBC cut/downgraded positioning as strengths may be priced in and TD Cowen/others keep constrained upside views — mixed analyst moves can limit further rerating. HSBC cuts CVX TD Cowen note
• Negative Sentiment: Insider selling by Chevron’s CFO (disclosed sale ~ $1.28M) can spook some investors even if routine. Insider sale report

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CVX. Quaker Wealth Management LLC lifted its stake in shares of Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 439 shares during the period. Decker Retirement Planning Inc. bought a new stake in Chevron during the 3rd quarter worth about $34,000. Vermillion & White Wealth Management Group LLC raised its holdings in Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares during the last quarter. Marquette Asset Management LLC acquired a new position in Chevron during the 3rd quarter valued at about $41,000. Finally, IMG Wealth Management Inc. boosted its stake in shares of Chevron by 52.3% in the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The company has a market cap of $355.29 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 12.32 and a beta of 0.70. The firm’s 50-day moving average price is $156.89 and its 200 day moving average price is $155.65.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The business had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period in the prior year, the business posted $2.06 earnings per share. Chevron’s revenue was down 10.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. Chevron’s payout ratio is presently 106.91%.

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.