Chevron (NYSE:CVX) Given New $187.00 Price Target at Scotiabank

Chevron (NYSE:CVX) had its price target boosted by Scotiabank from $168.00 to $187.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a sector perform rating on the oil and gas company’s stock.

A number of other equities analysts have also recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating and set a $190.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Piper Sandler upped their price objective on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Royal Bank Of Canada increased their target price on shares of Chevron from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Finally, Argus set a $203.00 target price on shares of Chevron in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average target price of $198.09.

Chevron Stock Performance

NYSE:CVX opened at $186.28 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The company has a fifty day moving average of $192.43 and a two-hundred day moving average of $169.71. The stock has a market capitalization of $371.13 billion, a PE ratio of 27.97, a P/E/G ratio of 0.78 and a beta of 0.60. Chevron has a fifty-two week low of $133.77 and a fifty-two week high of $214.71.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 earnings per share. As a group, research analysts forecast that Chevron will post 12.49 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Insiders Place Their Bets

In related news, insider Andrew Benjamin Walz sold 11,600 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael K. Wirth sold 272,624 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. This represents a 89.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 779,407 shares of company stock valued at $145,972,971. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Chevron

Hedge funds have recently modified their holdings of the company. Core Wealth Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at about $26,000. Phillip James Consulting Co. purchased a new stake in shares of Chevron in the fourth quarter valued at about $26,000. Basso Capital Management L.P. purchased a new stake in shares of Chevron in the fourth quarter valued at about $27,000. Karpus Management Inc. purchased a new stake in shares of Chevron in the fourth quarter valued at about $27,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Multiple broker and media pieces highlight bullish analyst views and upgrades on Chevron, arguing that tighter global inventories and conflict-driven supply disruptions could support higher oil prices and lift integrated majors like CVX. Read More.
• Positive Sentiment: BNP Paribas upgraded Chevron to Outperform (mid-April) and other lists (Warren Buffett picks, dividend stock roundups) continue to flag CVX as a core, income-generating energy holding — supportive for longer-term investor demand. Read More.
• Positive Sentiment: Scotiabank raised its price target to $187 (from $168) — a modest upward revision that reinforces near-term analyst support for the stock. Read More.
• Neutral Sentiment: Geopolitical developments — U.S. moves affecting Venezuela and Iran’s disruption of the Strait of Hormuz — are reshaping risk/valuation for global producers. This increases the strategic value of Chevron’s non-Middle East assets and could boost realized prices, but also raises volatility. Read More.
• Neutral Sentiment: Sector news and peer earnings (Range Resources, Halliburton) show mixed operational results and stronger gas realizations in places — helpful for sector sentiment but not CVX-specific. Read More.
• Neutral Sentiment: Industry events and trade press (summits, energy transition projects) keep broader investor focus on energy supply dynamics and transition risks; useful context but indirect for immediate CVX moves. Read More.
• Negative Sentiment: Chevron reported a crude oil spill at its Pasadena, Texas refinery — an operational and reputational risk that can trigger cleanup costs, regulatory scrutiny and short-term investor concern. This is a near-term negative that could pressure sentiment until impact and remediation are clarified. Read More.

Chevron Company Profile

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.