Analysts Set Chevron 12-Month Target at $175, Range Spanning $174 to $212
Twenty-four analysts rate Chevron consensus 'Hold', comprising four sells, eight holds and twelve buys, with an average 12-month price target of $175. Recent moves include Piper Sandler cutting its target from $178 to $174, UBS reaffirming its buy rating at a $212 target and Argus assigning a $203 objective.
1. Analyst Consensus and Price Targets
Twenty-four analysts are covering Chevron, assigning four sell ratings, eight holds and twelve buys, yielding an average recommendation of Hold. Over the last year, these brokers have set an average 12-month price target of $175.00, with the range of individual targets stretching from the mid-$160s to above $200. Recent notable changes include Freedom Capital’s downgrade to Strong Sell, Piper Sandler’s slight target reduction to $174 with an Overweight rating, UBS’s reaffirmed Buy at $212 and Argus’s $203 objective.
2. Q4 Earnings and Key Financial Metrics
For the quarter ending January 30th, Chevron reported earnings per share of $1.52, beating the consensus estimate of $1.44 by $0.08. Revenue came in at $45.79 billion, below the $48.18 billion analysts had forecast, representing a 10.2% year-over-year decline. The company’s net margin stood at 6.51% and return on equity at 8.23%. Balance-sheet metrics include a current ratio of 1.15, quick ratio of 0.86 and debt-to-equity ratio of 0.19, while equities researchers project full-year EPS of 10.79.
3. Dividend Increase and Shareholder Yield
Chevron announced a quarterly dividend of $1.78 per share, up from $1.71, payable March 10th to investors of record February 17th, with an ex-dividend date of February 17th. On an annualized basis the dividend totals $7.12, translating into a yield of approximately 3.9%. The payout ratio has risen to 102.7%, reflecting the company’s commitment to returning capital even as free cash flow dynamics tighten.
4. Insider and Institutional Transactions
In early January, CEO Michael K. Wirth sold 320,700 shares at an average of $162.99 for proceeds of $52.27 million, reducing his holding by 95.7%. Late-January insider sales included 3,200 shares by Alana K. Knowles for $544,000. Over the past 90 days insiders have sold 764,958 shares worth $122.93 million, representing 0.21% of outstanding stock. Institutional investors have been adding to positions: Perigon Wealth Management increased its stake by 19.3% to 73,448 shares in Q3, New York State Teachers Retirement System by 15.3% to 1.62 million shares, and New York State Common Retirement Fund by 10.2% to 1.89 million shares.