Chevron (NYSE:CVX) Cut to Hold at DZ Bank

Posted by Brian Himes on Nov 6th, 2026

DZ Bank downgraded shares of Chevron (NYSE:CVX – Free Report) from a buy rating to a hold rating in a report released on Tuesday morning, Marketbeat reports. They currently have $240.00 price target on the oil and gas company’s stock.

Several other research firms also recently commented on CVX. Zacks Research raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. UBS Group boosted their price target on Chevron from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $241.00 price target on shares of Chevron in a research report on Tuesday, October 20th. William Blair initiated coverage on Chevron in a research note on Wednesday, October 28th. They set an “outperform” rating for the company. Finally, Barclays increased their price objective on Chevron from $208.00 to $244.00 and gave the company an “equal weight” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.04.

Read Our Latest Analysis on CVX

Chevron Stock Down 1.9%

Shares of Chevron stock opened at $212.92 on Tuesday. Chevron has a 12-month low of $146.49 and a 12-month high of $236.48. The firm has a market capitalization of $420.68 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.51 and a beta of 0.47. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $214.66 and its 200-day moving average is $194.17.

Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.87 by $0.41. The firm had revenue of $65.24 billion during the quarter, compared to analyst estimates of $61.82 billion. Chevron had a net margin of 11.56% and a return on equity of 14.64%. The company’s revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. Equities analysts anticipate that Chevron will post 18.56 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a $1.78 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $7.12 annualized dividend and a dividend yield of 3.3%. Chevron’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 317,100 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the sale, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 379,470 shares of company stock worth $77,216,415 in the last ninety days. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Chevron

Several institutional investors have recently added to or reduced their stakes in CVX. Main Street Group LTD bought a new stake in shares of Chevron in the first quarter valued at approximately $28,000. Kilter Group LLC purchased a new stake in shares of Chevron during the 2nd quarter valued at approximately $28,000. Principia Wealth Advisory LLC boosted its holdings in Chevron by 49.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock worth $30,000 after buying an additional 60 shares during the period. Financial Connections Group Inc. boosted its holdings in Chevron by 129.3% in the 1st quarter. Financial Connections Group Inc. now owns 211 shares of the oil and gas company’s stock worth $43,000 after buying an additional 119 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its stake in Chevron by 81.8% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 220 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 99 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron’s record cash flow and seven consecutive earnings beats underscore its financial strength. A separate report highlighted strong third-quarter refining performance, cost discipline, debt reduction and increased buybacks. Chevron Has Become Very Interesting Again Following the Midterms Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
Positive Sentiment: Record natural-gas output above 9 Bcf/d in the third quarter, led by Australia and the Eastern Mediterranean, could strengthen Chevron’s position in the LNG market. Can Chevron’s Record Natural Gas Output Strengthen Its LNG Position?
Positive Sentiment: Progress on an Iraq oilfield agreement, alongside pursuit of additional fields and exploration blocks, offers potential for upstream growth. Chevron Advances Iraq Oilfield Deal, Expands Growth Prospects
Negative Sentiment: Midterm results triggered a broad oil-stock selloff as investors reacted to lower oil prices and expectations that inflation—and the energy-price surge—may ease. Lower crude prices can weigh on Chevron’s upstream earnings and cash flow. Oil Stocks Chevron, Marathon, and Exxon Mobil Take a Beating on Midterm Results
Negative Sentiment: DZ Bank lowered its rating on CVX, adding a cautious analyst signal amid the sector weakness. Chevron Stock Rating Lowered by DZ Bank

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.