Research Analysts’ Weekly Ratings Updates for Chevron (CVX)

Several analysts have recently updated their ratings and price targets for Chevron (NYSE: CVX):

• 2/5/2025 – Chevron had its price target lowered by analysts at Barclays PLC from $174.00 to $171.00. They now have an “overweight” rating on the stock.
• 2/4/2025 – Chevron had its price target lowered by analysts at Truist Financial Co. from $164.00 to $160.00. They now have a “hold” rating on the stock.
• 2/3/2025 – Chevron had its price target lowered by analysts at Wells Fargo & Company from $188.00 to $184.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Chevron had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $175.00 price target on the stock.
• 2/3/2025 – Chevron had its price target lowered by analysts at Raymond James from $180.00 to $175.00. They now have an “outperform” rating on the stock.
• 2/3/2025 – Chevron had its price target lowered by analysts at UBS Group AG from $195.00 to $194.00. They now have a “buy” rating on the stock.
• 1/17/2025 – Chevron had its price target raised by analysts at Raymond James from $175.00 to $180.00. They now have an “outperform” rating on the stock.
• 1/13/2025 – Chevron had its price target raised by analysts at Truist Financial Co. from $160.00 to $164.00. They now have a “hold” rating on the stock.
• 12/19/2024 – Chevron had its price target lowered by analysts at Piper Sandler from $184.00 to $173.00. They now have an “overweight” rating on the stock.

Chevron Stock Performance

NYSE CVX traded up $2.38 on Tuesday, hitting $158.15. The stock had a trading volume of 2,844,334 shares, compared to its average volume of 7,518,402. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $284.20 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.39 and a beta of 1.11. The company’s 50-day moving average is $152.08 and its two-hundred day moving average is $150.81.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a net margin of 8.71% and a return on equity of 11.44%. During the same quarter in the prior year, the firm earned $3.45 earnings per share. On average, analysts expect that Chevron Co. will post 10.84 earnings per share for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio is 67.08%.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the transaction, the chief executive officer now owns 4,280 shares in the company, valued at $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CVX. IMG Wealth Management Inc. bought a new position in shares of Chevron during the 4th quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in shares of Chevron during the 3rd quarter worth about $29,000. Rational Advisors LLC bought a new position in shares of Chevron during the 3rd quarter worth about $29,000. Fairway Wealth LLC lifted its holdings in shares of Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 88 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in shares of Chevron during the 3rd quarter worth about $30,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.