Chevron (NYSE:CVX) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Chevron (NYSE:CVX) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks reports.

A number of other research analysts have also issued reports on CVX. Dbs Bank upgraded shares of Chevron to a “moderate buy” rating in a report on Thursday, August 6th. BNP Paribas Exane reduced their price objective on shares of Chevron from $230.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Raymond James Financial decreased their target price on shares of Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Barclays cut their price target on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Finally, Morgan Stanley lifted their price objective on Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. One research 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.87.

Chevron Price Performance

Shares of NYSE:CVX opened at $207.65 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The business’s fifty day moving average price is $203.56 and its two-hundred day moving average price is $192.84. The stock has a market cap of $410.26 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 0.57 and a beta of 0.53. Chevron has a one year low of $146.49 and a one year high of $217.78.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The business’s revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.77 earnings per share. On average, analysts forecast that Chevron will post 17.47 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.78 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.4%. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Insider Buying and Selling at Chevron

In related news, insider R. Pate sold 2,470 shares of Chevron stock in a transaction 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 owned 10,794 shares in the company, valued at approximately $2,213,957.34. The trade was a 18.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Wirth sold 317,100 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,152,582 shares of company stock worth $225,853,661 over the last three months. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nautilus Advisors LLC boosted its position in shares of Chevron by 2.8% during the third quarter. Nautilus Advisors LLC now owns 1,859 shares of the oil and gas company’s stock worth $380,000 after buying an additional 50 shares during the period. Juncture Wealth Strategies LLC increased its stake in shares of Chevron by 3.0% during the third quarter. Juncture Wealth Strategies LLC now owns 6,138 shares of the oil and gas company’s stock valued at $1,254,000 after acquiring an additional 176 shares during the period. Colton Groome Financial Advisors LLC acquired a new stake in Chevron in the third quarter worth approximately $201,000. GoalFusion Wealth Management LLC bought a new stake in shares of Chevron in the 3rd quarter worth $235,000. Finally, Iowa State Bank grew its holdings in Chevron by 2.4% during the third quarter. Iowa State Bank now owns 43,337 shares of the oil and gas company’s stock worth $8,850,000 after acquiring an additional 1,015 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Major Bakken cost reduction: Chevron agreed to restructure its Hess Midstream and DJ Basin arrangements. The revised Bakken contracts are expected to reduce midstream costs by approximately 50%, potentially improving earnings and return on capital. Chevron will also divest related ownership interests, simplifying its asset portfolio. Chevron to Divest its Ownership Interests in Hess Midstream and DJ Basin Crude Midstream Assets
• Positive Sentiment: Tighter oil and fuel markets: CEO Mike Wirth said supply buffers are shrinking as the Middle East conflict continues. A prolonged disruption could support crude and refined-product prices, which would benefit Chevron’s upstream and downstream businesses. Oil, fuel supply buffers are thinning as Middle East conflict continues, Chevron CEO says
• Positive Sentiment: Exploration upside: Chevron increased its position in Namibia’s PEL 90 ahead of the Nabba-1X well, signaling confidence in the Orange Basin’s exploration potential. The company is also increasing conventional exploration spending across several frontier regions. Chevron Strengthens Namibia Position Ahead of Nabba-1X Well
• Positive Sentiment: Positive market sentiment: Zacks added CVX to its Strong Buy and momentum-stock lists, reinforcing investor interest after the stock’s strong 2026 performance. Best Momentum Stocks to Buy for October 6th
• Neutral Sentiment: Leadership transition: Chevron is moving CFO Eimear Bonner to lead its oil, products and gas operations, while Jeff Gustavson is slated to become CFO in January. The changes provide internal continuity but may keep CEO succession discussions in focus. Chevron names insider CFO amid leadership shifts
• Negative Sentiment: Storm-related operating risk: Chevron evacuated nonessential personnel from some Gulf of Mexico platforms as a tropical storm approached. A significant storm could temporarily disrupt production, though the immediate action is precautionary. Chevron evacuates some workers from Gulf of Mexico platforms at risk of storm
• Negative Sentiment: Diesel-export policy risk: Wirth warned that a U.S. diesel export ban could raise domestic prices, disrupt overseas customers and ultimately worsen fuel-market conditions. Such policy uncertainty could pressure refining operations and margins. Chevron CEO warns against unwise diesel export ban

About Chevron

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.