Chevron (NYSE:CVX) Price Target Raised to $226.00

Posted by Francis Steltz on Oct 18th, 2026

Chevron (NYSE:CVX – Free Report) had its price target raised by Morgan Stanley from $218.00 to $226.00 in a research note published on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the oil and gas company’s stock.

A number of other brokerages have also recently issued reports on CVX. TD Cowen upped their price objective on Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a research note on Monday, October 12th. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price for the company in a research note on Thursday, July 2nd. BMO Capital Markets boosted their target price on shares of Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Finally, Mizuho set a $234.00 target price on shares of Chevron in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $213.42.

View Our Latest Report on CVX

Chevron Stock Performance

CVX opened at $225.00 on Thursday. Chevron has a 52-week low of $146.49 and a 52-week high of $225.31. The firm has a market capitalization of $444.55 billion, a PE ratio of 21.57, a PEG ratio of 0.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The business’s 50-day simple moving average is $207.58 and its 200 day simple moving average is $193.51.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 earnings per share. As a group, sell-side analysts expect that Chevron will post 17.71 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.

Insiders Place Their Bets

In related news, Director John Hess sold 710,665 shares of Chevron stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the transaction, the director owned 363,711 shares in the company, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Wirth sold 317,100 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at approximately $5,273,701.68. This trade represents a 92.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,152,582 shares of company stock worth $225,853,661. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Midwest Capital Advisors LLC acquired a new position in shares of Chevron in the first quarter valued at $25,000. Phillip James Consulting Co. bought a new position in shares of Chevron in the fourth quarter valued at about $26,000. Basso Capital Management L.P. acquired a new stake in shares of Chevron during the 4th quarter worth about $27,000. Main Street Group LTD acquired a new stake in shares of Chevron during the 1st quarter worth about $28,000. Finally, Kilter Group LLC acquired a new stake in shares of Chevron during the 2nd quarter worth about $28,000. 72.42% of the stock is currently owned by institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Morgan Stanley raised its Chevron price target to $226 from $218 and assigned an “overweight” rating, while Wells Fargo reportedly initiated or reiterated a “buy” recommendation. These upgrades reinforce bullish sentiment, although Morgan Stanley’s revised target implies limited additional upside from current levels. Morgan Stanley raises Chevron price target
Positive Sentiment: Chevron was selected as a relative-strength stock by Zacks, reflecting strong recent price performance and improving earnings estimates. The company is also receiving attention as a long-term and dividend-oriented investment, which may attract additional income-focused investors. Zacks relative strength stock picks
Positive Sentiment: Wall Street expects a sharp year-over-year increase in Chevron’s third-quarter earnings, with results due by the end of October. Anticipation of stronger profits is helping sustain interest ahead of the report. Chevron earnings expectations
Neutral Sentiment: Diamond Hill Capital highlighted Chevron in its third-quarter investor letter after its large-cap strategy outperformed the Russell 1000 Value Index. The item indicates institutional interest but does not represent a new company announcement or change in fundamentals. Diamond Hill Chevron investment discussion
Negative Sentiment: CEO Mike Wirth warned that commercial inventories, emergency reserves and previously sanctioned oil supplies have been depleted following the Iran-related shock. While tighter supply could support crude prices and Chevron’s upstream revenue, it also raises geopolitical, refining and diesel-price risks. Chevron CEO warns oil buffers are depleted

Chevron Company Profile

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Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.