TD Cowen Issues Positive Forecast for Chevron (NYSE:CVX) Stock Price

Chevron (NYSE:CVX) had its price target lifted by TD Cowen from $215.00 to $225.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a hold rating on the oil and gas company’s stock.

A number of other research analysts have also recently issued reports on the stock. Mizuho set a $234.00 target price on shares of Chevron in a report on Monday. Barclays decreased their price target on Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Dbs Bank upgraded Chevron to a “moderate buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Zacks Research raised Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.08.

Chevron Stock Performance

NYSE:CVX opened at $214.89 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron has a fifty-two week low of $146.49 and a fifty-two week high of $217.78. The firm’s fifty day simple moving average is $204.94 and its 200-day simple moving average is $193.04. The stock has a market cap of $424.57 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.59 and a beta of 0.53.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the previous year, the firm earned $1.77 earnings per share. The firm’s revenue was up 57.4% on a year-over-year basis. Analysts expect that Chevron will post 17.34 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.3%. Chevron’s payout ratio is 68.26%.

Insider Activity

In other news, Director John Hess sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the transaction, the director owned 178,045 shares of the company’s stock, valued at $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider R. Pate sold 2,470 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the transaction, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. The trade was a 18.62% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Chevron by 3.9% during the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after acquiring an additional 5,998,852 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Chevron in the second quarter worth $25,663,729,000. Berkshire Hathaway Inc raised its holdings in shares of Chevron by 6.6% during the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after acquiring an additional 8,091,570 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Chevron by 5.1% during the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock worth $5,716,694,000 after acquiring an additional 1,334,976 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Chevron by 1.5% during the fourth quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company’s stock worth $2,609,194,000 after acquiring an additional 254,323 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: TD Cowen raised its price target to $225 from $215, while maintaining a “hold” rating. The new target implies additional upside and signals that the firm sees Chevron’s valuation and operating outlook as somewhat stronger than previously expected. Chevron Stock Gets Price Target Increase from TD Cowen
• Positive Sentiment: Chevron and Egypt are advancing the Aphrodite gas pipeline project. Progress toward commercial agreements, long-lead equipment purchases and a final investment decision could support Chevron’s longer-term production and international gas growth. Chevron and Egypt Discuss Next Steps for Aphrodite Gas Pipeline
• Positive Sentiment: Chevron is outperforming the broader energy sector. Analysts point to strong cash flow, expanding production, cost savings and constructive 2026 earnings expectations as reasons to remain bullish on CVX. CVX Outpaces Industry in Past 6 Months
• Positive Sentiment: U.S. Gulf oil production is being restored after the hurricane. The restart by Chevron and other major producers should reduce the duration of the output disruption and limit its impact on operating results. BP, Shell and Chevron Restoring U.S. Gulf Oil Production
• Neutral Sentiment: Chevron’s planned January 2027 leadership changes link New Energies more closely with its core oil and gas operations. The CFO transition and expanded operating responsibilities could improve strategic integration, although investors may wait for evidence that the changes produce better returns. Chevron CFO Shake-Up and New Energies Strategy
• Negative Sentiment: Hurricane shutdowns temporarily interrupted Gulf of Mexico output. Although production is restarting, the disruption may weigh on near-term volumes and earnings. Chevron Could Be Undervalued After Hurricane Disruptions
• Negative Sentiment: Chevron’s CEO criticized potential diesel and fuel-export restrictions, warning that the policy could backfire by tightening supply and increasing market volatility. Such restrictions could also complicate refining and trading operations. Chevron CEO Says Fuel Export Decision Is Unwise

Chevron Company Profile

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.