Chevron (NYSE:CVX) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Chevron (NYSE:CVX) from a neutral rating to an overweight rating in a research report released on Tuesday morning, Marketbeat.com reports. The firm currently has $176.00 target price on the oil and gas company’s stock.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group lifted their target price on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Morgan Stanley raised their price objective on Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Wells Fargo & Company boosted their target price on Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen cut Chevron from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $170.29.

Chevron Stock Performance

NYSE:CVX opened at $166.42 on Tuesday. The company has a market capitalization of $335.09 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 10.91 and a beta of 0.70. The business has a 50 day moving average of $154.34 and a 200 day moving average of $154.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. Chevron has a 1-year low of $132.04 and a 1-year high of $169.37.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business earned $2.48 earnings per share. On average, sell-side analysts predict that Chevron will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.1%. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Insider Activity at Chevron

In other Chevron news, CFO Eimear P. Bonner sold 28,334 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. The trade was a 86.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alana K. Knowles sold 3,200 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $168.00, for a total transaction of $537,600.00. Following the completion of the transaction, the insider owned 1,207 shares of the company’s stock, valued at $202,776. This trade represents a 72.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 635,190 shares of company stock worth $100,254,408. 0.21% of the stock is currently owned by insiders.

Institutional Trading of Chevron

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares during the period. Norges Bank purchased a new stake in shares of Chevron in the 2nd quarter worth about $2,721,477,000. State Street Corp grew its position in shares of Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after buying an additional 12,789,399 shares during the period. Primecap Management Co. CA bought a new position in shares of Chevron in the 3rd quarter worth about $988,083,000. Finally, Bank of New York Mellon Corp lifted its position in Chevron by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after acquiring an additional 4,279,918 shares during the period. 72.42% of the stock is owned by institutional investors.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is moving to exit Singapore refining/distribution assets, expected to close the sale of its 50% stake in Singapore Refining Company in Q1; the deal supports management’s push to redeploy capital into higher-margin upstream and energy-transition projects. Exclusive: Chevron plans to finalise Singapore oil assets sale in Q1, sources say
• Positive Sentiment: Multiple outlets report the same Singapore sale timeline, reinforcing the likelihood the deal will close soon — this reduces downstream exposure and could improve ROIC metrics. Chevron Plans to Conclude Sale of Singapore Assets by Q1 FY26
• Positive Sentiment: Analyst upgrades and target increases (JPMorgan upgrade; Scotiabank raised target to $168) are lifting sentiment and could support the stock — these changes reflect conviction in Chevron’s cash returns, post-merger scale and upstream catalysts. Chevron Stock Rating Upgraded by JPMorgan Chase & Co. Scotiabank raises CVX target to $168
• Positive Sentiment: Discussions with Turkey’s state firm on joint oil & gas exploration point to additional upstream growth optionality and geographic diversification that investors may view as a medium-term catalyst. Chevron and Turkey in Talks for Joint Oil & Gas Exploration
• Positive Sentiment: Bullish retail/analyst narratives (e.g., “3 Reasons to Buy Chevron”) emphasize a strong balance sheet, attractive dividend yield and integrated business — supportive for income-oriented investors. 3 Reasons to Buy Chevron Stock Like There’s No Tomorrow
• Neutral Sentiment: Valuation and catalyst pieces highlight constructive upstream developments (Leviathan expansion, Venezuela progress, Hess merger benefits) but note mixed near-term earnings impact; these are discussion items rather than immediate drivers. Chevron (CVX) Valuation Check After Leviathan Expansion, Venezuela Progress And Post Hess Merger Upgrades
• Neutral Sentiment: Curated lists and comparison stories (Dogs of the Dow, Chevron vs. Petrobras) keep CVX on investors’ radar for yield and geopolitical exposure but are not immediate price catalysts. The Dogs of the Dow: 10 Downtrodden Dividends Paying Out Up to 6.8%
• Negative Sentiment: Broader market/geopolitical jitters (holiday-shortened session, international tensions) have pressured energy names and contributed to today’s pullback; macro headlines can outweigh company-level positives in the short term. Energy Stocks Steady Amid Macro Chaos; Sunday Night Earnings Surprise Ahead

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.