Chevron’s (CVX) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Chevron (NYSE:CVX) in a research report sent to investors on Tuesday morning,Benzinga reports. Royal Bank Of Canada currently has a $220.00 price objective on the oil and gas company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler increased their price target on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. Morgan Stanley lifted their target price on shares of Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Bank of America lifted their target price on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Citigroup lifted their target price on shares of Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $202.70.

Chevron Price Performance

Shares of NYSE CVX opened at $182.46 on Tuesday. Chevron has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. The company has a 50 day simple moving average of $193.21 and a two-hundred day simple moving average of $172.09. The company has a market capitalization of $363.52 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 0.65 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 7.01%. The firm had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. During the same quarter in the prior year, the company posted $2.18 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that Chevron will post 14.91 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

Insider Buying and Selling at Chevron

In other news, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the transaction, the insider owned 8,558 shares in the company, valued at $1,614,466.70. This trade represents a 87.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 621,439 shares of company stock worth $118,307,800. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Midwest Capital Advisors LLC purchased a new position in shares of Chevron during the 1st quarter worth $25,000. Core Wealth Advisors LLC purchased a new position in shares of Chevron during the 4th quarter worth $26,000. Phillip James Consulting Co. purchased a new position in shares of Chevron during the 4th quarter worth $26,000. Basso Capital Management L.P. purchased a new position in shares of Chevron during the 4th quarter worth $27,000. Finally, Karpus Management Inc. bought a new stake in shares of Chevron during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Q1 earnings beat consensus on adjusted EPS, underscoring operational resilience despite a revenue shortfall; management framed results as “solid” amid geopolitical volatility. Chevron (CVX) Reports Q1 EPS Beat
• Positive Sentiment: California refining margins jumped to ~$1/gal in March with one refiner (likely Chevron) at $1.11/gal — a near?term boost to downstream margins and cash flow. CA Oil Refiners’ Margins Top $1 Per Gallon In March, $1.11 For Chevron, Trending Upward; Validating Need for Three Year Old CEC Rules on Resupply and Minimum Inventories, says Consumer Watchdog
• Positive Sentiment: Royal Bank of Canada assigned an “Outperform” rating on CVX, which can support demand for the stock from institutional investors. Chevron (NYSE:CVX) Earns “Outperform” Rating from Royal Bank Of Canada
• Positive Sentiment: CEO commentary and company actions (warning about Strait of Hormuz risk, expanding exploration near Malta) signal Chevron is positioned to benefit if physical supply tightness persists. That exposure tends to support oil producers’ valuations when geopolitical risk rises. Chevron Weighs Hormuz Supply Strains Against Malta Exploration And Dividends
• Neutral Sentiment: President Trump met with Chevron and Exxon executives to discuss Venezuela — potential policy outcomes could help U.S. producers, but the timing and tangible effects remain uncertain. Trump met with Chevron and ExxonMobil on Tuesday to discuss Venezuela
• Neutral Sentiment: Proposed federal legislation (Offshore Parity Act, H.R.8542) would shift certain offshore leasing controls to coastal states — could alter permitting/royalty regimes in the Gulf over time, but impacts on Chevron are speculative and long?term. New Bill: Representative Mike Ezell introduces H.R. 8542: Offshore Parity Act of 2026
• Negative Sentiment: Short?term selloff driven by easing Iran war/Strait of Hormuz fears and headlines about U.S.-Iran peace?talk optimism; oil prices pulled back and major oil names, including Chevron, fell as traders priced in lower supply disruption risk. This is the primary reason the stock is down today. Exxon, Chevron, Other Oil Stocks Sink as Market Bets Iran War Will End

About Chevron

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.