Brokerages Set Chevron Corporation (NYSE:CVX) PT at $206.04

Posted by Geri Gentry on Aug 4th, 2026

Shares of Chevron Corporation (NYSE:CVX – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $207.2609.

A number of equities analysts have recently weighed in on the stock. Piper Sandler started coverage on shares of Chevron in a research note on Thursday, July 23rd. They set an “overweight” rating and a $207.00 price target on the stock. 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. Morgan Stanley decreased their price objective on shares of Chevron from $214.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Sanford C. Bernstein upped their target price on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $216.00 target price on shares of Chevron in a report on Friday, July 10th.

View Our Latest Stock Report on CVX

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Strong Q2 earnings: Chevron reported adjusted earnings per share of $6.06, above the $5.55 consensus estimate, while revenue and other income reached $70.06 billion. Results were boosted by elevated oil prices and represented the company’s strongest performance in years. Analysts Raise Chevron Forecasts
Positive Sentiment: Higher analyst targets: Barclays raised its price target to $216 from $213, while Sanford C. Bernstein increased its target to $209 from $204. Both firms retained neutral ratings, but the revisions signal improved earnings expectations. Analyst Price Target Updates
Positive Sentiment: Operational and strategic developments: Chevron plans special employee bonuses following strong operational results, is expanding its North American base-oils distribution network through partnerships with HF Sinclair and Renkert Oil, and highlighted cost reductions, lower capital spending and power projects during its earnings call. Chevron Staff Bonus
Neutral Sentiment: Geopolitical exposure: The Iran conflict has lifted crude prices and Chevron’s profits, but management and investors must now assess whether the gains are sustainable as negotiations could reduce supply-disruption fears.
Negative Sentiment: Political pressure on profits and fuel prices: President Donald Trump criticized Chevron and ExxonMobil for making excessive profits and demanded lower gasoline prices. Potential government scrutiny, a Department of Justice probe and possible export restrictions could threaten future earnings or margins. Trump Demands Lower Gas Prices
Negative Sentiment: Lower oil prices: Reports of U.S.-Iran talks triggered a crude selloff, weighing on energy shares and raising concerns that Chevron’s windfall earnings may fade if geopolitical risk premiums decline.
Negative Sentiment: Berkshire stake reduction: Berkshire Hathaway reportedly cut its Chevron position by 35%, a notable negative signal for investors who track the company’s portfolio decisions.

Chevron Stock Down 1.8%

Chevron stock opened at $193.19 on Thursday. The stock’s 50 day moving average price is $181.98 and its 200 day moving average price is $185.33. Chevron has a 1-year low of $146.49 and a 1-year high of $214.71. The company has a market cap of $384.76 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 0.61 and a beta of 0.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84.

Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.14% and a net margin of 9.57%.The firm had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter in the prior year, the business posted $1.77 earnings per share. Chevron’s revenue was up 57.4% compared to the same quarter last year. On average, sell-side analysts predict that Chevron will post 15.64 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.78 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. Chevron’s dividend payout ratio is currently 68.26%.

Insiders Place Their Bets

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

Institutional Trading of Chevron

A number of institutional investors have recently bought and sold shares of CVX. Midwest Capital Advisors LLC acquired a new position in shares of Chevron during the 1st quarter worth $25,000. Core Wealth Advisors LLC purchased a new stake in shares of Chevron in the 4th quarter worth about $26,000. Phillip James Consulting Co. acquired a new stake in Chevron in the 4th quarter valued at about $26,000. Basso Capital Management L.P. acquired a new stake in Chevron in the 4th quarter valued at about $27,000. Finally, Karpus Management Inc. purchased a new position in Chevron during the 4th quarter valued at about $27,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

About Chevron

(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.