Chevron (NYSE:CVX) Price Target Raised to $265.00

Chevron (NYSE:CVX) had its target price lifted by stock analysts at UBS Group from $235.00 to $265.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. UBS Group‘s target price suggests a potential upside of 16.23% from the company’s previous close.

Several other research firms also recently weighed in on CVX. The Goldman Sachs Group reissued a “buy” rating and issued a $241.00 target price on shares of Chevron in a research report on Tuesday, October 20th. HSBC set a $90.00 price objective on Chevron in a report on Friday, September 25th. BNP Paribas Exane lowered their price objective on Chevron from $230.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. BMO Capital Markets increased their target price on shares of Chevron from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Finally, Royal Bank Of Canada boosted their price target on Chevron from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $218.46.

Chevron Price Performance

CVX traded down $7.53 on Monday, reaching $228.00. The company had a trading volume of 9,012,507 shares, compared to its average volume of 10,286,886. The company has a fifty day moving average of $213.16 and a 200-day moving average of $193.07. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $450.47 billion, a P/E ratio of 16.68, a PEG ratio of 0.56 and a beta of 0.47. Chevron has a one year low of $146.49 and a one year high of $236.48.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.87 by $0.41. Chevron had a return on equity of 14.64% and a net margin of 11.56%. The company had revenue of $65.24 billion for the quarter, compared to the consensus estimate of $61.82 billion. During the same quarter in the previous year, the business earned $1.85 EPS. The company’s quarterly revenue was up 36.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Chevron will post 18.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider R. Pate sold 40,700 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the sale, the insider owned 8,791 shares in the company, valued at approximately $1,992,480.15. This represents a 82.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares of the company’s stock, valued at $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 385,017 shares of company stock valued at $78,253,704. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chevron

Hedge funds have recently added to or reduced their stakes in the company. Main Street Group LTD acquired a new position in shares of Chevron during the 1st quarter worth about $28,000. Kilter Group LLC bought a new stake in Chevron in the second quarter valued at approximately $28,000. Principia Wealth Advisory LLC raised its holdings in Chevron by 49.6% in the second quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 60 shares during the period. Financial Connections Group Inc. raised its holdings in Chevron by 129.3% in the first quarter. Financial Connections Group Inc. now owns 211 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 119 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its position in shares of Chevron by 81.8% during the first quarter. Legacy Wealth Managment LLC ID now owns 220 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reported better-than-expected third-quarter results, including $5.28 in EPS versus the $4.87 consensus estimate and revenue of $65.24 billion versus $61.82 billion expected. Strong refining margins, high refinery utilization and solid upstream production drove the beat. Chevron Analysts Raise Their Forecasts After Better-than-Expected Q3 Earnings
• Positive Sentiment: Management highlighted record U.S. crude throughput, ambitious Venezuela production growth and disciplined capital allocation. Analysts subsequently raised forecasts, with Morgan Stanley citing a stronger free-cash-flow outlook. CVX Q3 Earnings Call Highlights Venezuela Growth and Refining Gains
• Positive Sentiment: Chevron’s downstream business rebounded sharply, producing approximately $4.93 billion in quarterly profit after a loss earlier in the year. The company also reportedly cut net debt substantially, strengthening its balance sheet and supporting shareholder returns. Chevron Halved Its Net Debt in Six Months
• Positive Sentiment: ETF demand remains supportive: 44 funds purchased roughly $64 million of CVX, while Invesco’s S&P Ultra Dividend Revenue ETF made Chevron one of its largest additions. Chevron also declared a quarterly dividend of $1.78 per share, equivalent to a $7.12 annualized payout. ETFs Are Buying Chevron
• Neutral Sentiment: Chevron plans to raise exploration spending by 50%, targeting opportunities in Africa, South America and the Eastern Mediterranean. The investment could support long-term production growth but may increase capital requirements and execution risk. Chevron Raises Exploration Spending By 50%
• Negative Sentiment: With CVX near a 52-week high and above many published analyst price targets, some investors are questioning whether the earnings-driven rally has already been fully reflected in the stock. A valuation model is signaling profit-taking risk, particularly if refining margins or crude prices weaken. Chevron Is Up 59% This Year and Trades Above Its Price Target

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.