Chevron (NYSE:CVX) Shares Up 1.7% on Analyst Upgrade

Posted by on May 11th, 2026

Shares of Chevron Corporation (NYSE:CVX – Get Free Report) traded up 1.7% during trading on Monday after TD Cowen raised their price target on the stock from $204.00 to $205.00. TD Cowen currently has a hold rating on the stock. Chevron traded as high as $185.20 and last traded at $184.6430. 11,789,611 shares traded hands during trading, a decline of 5% from the average session volume of 12,470,763 shares. The stock had previously closed at $181.62.

Several other equities analysts have also commented on the stock. Scotiabank increased their price objective on shares of Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Barclays increased their price objective on shares of Chevron from $180.00 to $192.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upgraded shares of 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. Finally, Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $204.13.

View Our Latest Stock Report on CVX

Insider Transactions at Chevron

In other news, insider Andrew Benjamin Walz sold 11,600 shares of the firm’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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Hewitt Pate sold 40,200 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares of the company’s stock, valued at $1,842,485.40. This trade represents a 82.31% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 816,439 shares of company stock worth $154,339,900. 0.56% of the stock is currently owned by insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

  • Positive Sentiment: Chevron is being highlighted for its shareholder returns, including more than $5 billion returned to shareholders for 16 straight quarters and a long record of dividend growth, which reinforces its appeal as a cash-generating energy stock. Article Title
  • Positive Sentiment: Reuters reported that Syria selected an offshore block for a first deep-water oil and gas exploration project with Chevron and Qatar’s UCC Holding, which could expand Chevron’s international growth opportunities. Article Title
  • Neutral Sentiment: Chevron’s CEO comments about global supply outages are adding to the market focus on geopolitical risks that can keep oil prices elevated, which would generally support upstream earnings but also signal a volatile backdrop for energy stocks. Article Title
  • Neutral Sentiment: Analyst coverage noted a higher FY2026 EPS forecast for Chevron, suggesting expectations are moving upward, though the article itself provides limited detail on the reason for the revision. Article Title
  • Negative Sentiment: Reports about rising calls for windfall taxes on energy companies across Europe could weigh on sentiment toward the sector by raising concerns about future government intervention and lower after-tax profits. Article Title

Institutional Investors Weigh In On Chevron

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after buying an additional 27,961,463 shares during the period. Norges Bank purchased a new position in Chevron in the 4th quarter worth about $3,727,586,000. State Street Corp increased its stake in Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after buying an additional 12,789,399 shares during the period. Berkshire Hathaway Inc increased its stake in Chevron by 6.6% in the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after buying an additional 8,091,570 shares during the period. Finally, Primecap Management Co. CA purchased a new position in Chevron in the 3rd quarter worth about $988,083,000. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 1.7%

The company has a market cap of $367.73 billion, a PE ratio of 32.00, a P/E/G ratio of 0.63 and a beta of 0.51. The company’s 50 day moving average is $193.21 and its 200 day moving average is $172.09. 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 – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.00 by $0.41. The company had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.18 EPS. As a group, analysts predict that Chevron Corporation will post 15.02 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be paid a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

Chevron Company Profile

(Get Free Report)

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.

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