Chevron (NYSE:CVX) Stock Gets Price Target Bump from UBS Group

Posted by Brian Himes on Nov 2nd, 2026

Chevron (NYSE:CVX – Get Free Report) had its target price raised by equities research analysts at UBS Group from $235.00 to $265.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. UBS Group‘s price objective indicates a potential upside of 16.23% from the stock’s previous close.

Several other research firms have also recently commented on CVX. Dbs Bank upgraded Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Morgan Stanley lifted their price objective on shares of Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a report on Monday. Weiss Ratings raised shares of Chevron from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 16th. Wells Fargo & Company increased their target price on shares of Chevron from $230.00 to $268.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $218.46.

Read Our Latest Report on Chevron

Chevron Stock Down 3.2%

CVX traded down $7.53 during trading on Monday, reaching $228.00. The company had a trading volume of 9,012,507 shares, compared to its average volume of 10,286,886. The company has a market cap of $450.47 billion, a P/E ratio of 16.68, a PEG ratio of 0.56 and a beta of 0.47. Chevron has a 12 month low of $146.49 and a 12 month high of $236.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The business’s fifty day moving average price is $213.16 and its 200 day moving average price is $193.07.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The oil and gas company reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.87 by $0.41. The company had revenue of $65.24 billion during the quarter, compared to the consensus estimate of $61.82 billion. Chevron had a net margin of 11.56% and a return on equity of 14.64%. The firm’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 earnings per share. Equities analysts anticipate that Chevron will post 18.15 EPS for the current year.

Insider Buying and Selling at Chevron

In other Chevron news, insider R. Pate sold 40,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the transaction, the insider owned 8,791 shares of the company’s stock, valued at $1,992,480.15. The trade was a 82.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider owned 14 shares in the company, valued at approximately $2,814.84. This represents a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 385,017 shares of company stock worth $78,253,704 over the last ninety days. 0.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Chevron

A number of large investors have recently added to or reduced their stakes in CVX. Genesis Private Wealth LLC grew its position in shares of Chevron by 4.3% in the third quarter. Genesis Private Wealth LLC now owns 2,330 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 97 shares during the last quarter. Brady Family Wealth LLC boosted its holdings in shares of Chevron by 0.6% in the 3rd quarter. Brady Family Wealth LLC now owns 10,719 shares of the oil and gas company’s stock valued at $2,189,000 after purchasing an additional 60 shares in the last quarter. StrongBox Wealth LLC grew its position in Chevron by 5.2% in the third quarter. StrongBox Wealth LLC now owns 34,612 shares of the oil and gas company’s stock valued at $7,068,000 after acquiring an additional 1,707 shares during the last quarter. Capstone Wealth Management LLC raised its position in Chevron by 9.3% in the third quarter. Capstone Wealth Management LLC now owns 2,551 shares of the oil and gas company’s stock valued at $521,000 after purchasing an additional 217 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its position in Chevron by 9.7% during the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 1,942 shares of the oil and gas company’s stock worth $396,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron reported better-than-expected third-quarter results, including $5.28 in EPS versus the $4.87 consensus estimate and revenue of $65.24 billion versus $61.82 billion expected. Strong refining margins, high refinery utilization and solid upstream production drove the beat. Chevron Analysts Raise Their Forecasts After Better-than-Expected Q3 Earnings
Positive Sentiment: Management highlighted record U.S. crude throughput, ambitious Venezuela production growth and disciplined capital allocation. Analysts subsequently raised forecasts, with Morgan Stanley citing a stronger free-cash-flow outlook. CVX Q3 Earnings Call Highlights Venezuela Growth and Refining Gains
Positive Sentiment: Chevron’s downstream business rebounded sharply, producing approximately $4.93 billion in quarterly profit after a loss earlier in the year. The company also reportedly cut net debt substantially, strengthening its balance sheet and supporting shareholder returns. Chevron Halved Its Net Debt in Six Months
Positive Sentiment: ETF demand remains supportive: 44 funds purchased roughly $64 million of CVX, while Invesco’s S&P Ultra Dividend Revenue ETF made Chevron one of its largest additions. Chevron also declared a quarterly dividend of $1.78 per share, equivalent to a $7.12 annualized payout. ETFs Are Buying Chevron
Neutral Sentiment: Chevron plans to raise exploration spending by 50%, targeting opportunities in Africa, South America and the Eastern Mediterranean. The investment could support long-term production growth but may increase capital requirements and execution risk. Chevron Raises Exploration Spending By 50%
Negative Sentiment: With CVX near a 52-week high and above many published analyst price targets, some investors are questioning whether the earnings-driven rally has already been fully reflected in the stock. A valuation model is signaling profit-taking risk, particularly if refining margins or crude prices weaken. Chevron Is Up 59% This Year and Trades Above Its Price Target

Chevron Company Profile

(Get Free Report)

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.