Chevron (NYSE:CVX) Stock Price Down 1.4% After Analyst Downgrade

Posted by Max Byerly on Jun 29th, 2026

Shares of Chevron Corporation (NYSE:CVX – Get Free Report) were down 1.4% during mid-day trading on Monday after Morgan Stanley lowered their price target on the stock from $214.00 to $210.00. Morgan Stanley currently has an overweight rating on the stock. Chevron traded as low as $168.37 and last traded at $168.6110. Approximately 8,634,072 shares were traded during trading, a decline of 26% from the average daily volume of 11,663,490 shares. The stock had previously closed at $171.06.

A number of other equities analysts also recently commented on the company. Sanford C. Bernstein cut their price objective on Chevron from $216.00 to $204.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Mizuho boosted their target price on Chevron from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $220.00 target price on shares of Chevron in a research report on Tuesday, May 5th. Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a report on Thursday, April 9th. Finally, Bank of America lifted their price target on shares of Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.52.

View Our Latest Stock Analysis on Chevron

Insider Buying and Selling at Chevron

In related news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director owned 278,045 shares in the company, valued at approximately $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron is expanding beyond traditional oil and gas by pursuing new U.S. data center power projects tied to AI-driven electricity demand, which could create a new growth avenue. Chevron Expands Data Center Power Strategy Beyond Project Kilby
Positive Sentiment: Morgan Stanley kept an overweight rating on Chevron while only trimming its price target to $210, signaling continued analyst confidence in the stock’s upside potential. Morgan Stanley price target update
Positive Sentiment: Chevron’s Project Kilby gained support from Texas Pacific Land, which will provide land and brackish water resources for the $7 billion Microsoft-linked project, reducing execution uncertainty. Chevron Corporation (CVX) Secures Texas Pacific Land Support on Microsoft’s Project Kilby
Neutral Sentiment: Chevron is being highlighted as a potential beneficiary of lower oil prices because refining margins, LNG demand, and tight supply could still support parts of the energy sector. Energy ETFs to Buy as Oil Price Slides to Pre-Iran War Level
Neutral Sentiment: Articles discussing Chevron’s appeal versus rivals and the company’s role in the Middle East energy backdrop add context, but do not point to a major new catalyst by themselves. Occidental Petroleum or Chevron: Which Oil Stock Offers More Upside?
Negative Sentiment: Some commentary says Chevron is losing the relative-value debate to Occidental Petroleum, citing OXY’s stronger returns, cheaper valuation, and better earnings growth expectations. Occidental Petroleum or Chevron: Which Oil Stock Offers More Upside?
Negative Sentiment: Chevron faces pressure from softer oil prices and broader sector volatility, which can weigh on near-term investor sentiment even though the company’s fundamentals remain intact. The Case For and Against Buying Chevron Right Now

Institutional Trading of Chevron

Several institutional investors have recently added to or reduced their stakes in the business. Southern Financial Group LLC acquired a new stake in Chevron during the first quarter worth about $241,000. PVG Asset Management Corp acquired a new stake in Chevron in the 1st quarter valued at approximately $257,000. FAS Wealth Partners Inc. increased its holdings in shares of Chevron by 2.4% during the first quarter. FAS Wealth Partners Inc. now owns 47,730 shares of the oil and gas company’s stock valued at $9,875,000 after purchasing an additional 1,097 shares during the period. Farmers National Bank increased its holdings in shares of Chevron by 9.0% during the first quarter. Farmers National Bank now owns 52,412 shares of the oil and gas company’s stock valued at $10,844,000 after purchasing an additional 4,347 shares during the period. Finally, Wealthquest Corp raised its stake in shares of Chevron by 1.2% during the first quarter. Wealthquest Corp now owns 5,886 shares of the oil and gas company’s stock valued at $1,218,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Down 1.4%

The firm has a market capitalization of $335.81 billion, a P/E ratio of 29.22, a PEG ratio of 0.56 and a beta of 0.48. The business’s 50 day moving average is $185.10 and its two-hundred day moving average is $180.00. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX – Get Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The firm had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. Chevron’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.18 EPS. Analysts expect that Chevron Corporation will post 15.88 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, May 19th. Chevron’s dividend payout ratio is currently 123.40%.

Chevron Company Profile

(Get Free Report)

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.