Fri Jan 31 12:30:00 UTC 2025: ## Chevron Stock Up Slightly, Analysts Remain Bullish

**Sioux Falls, SD – January 26, 2024** – Chevron (NYSE: CVX) shares saw a modest 0.6% increase on Thursday, closing at $156.69 after reaching a high of $157.45. Trading volume was significantly lower than average, at 1,804,135 shares – a 75% decrease.

The upward movement follows a series of positive analyst ratings. Citigroup upgraded Chevron to a “buy” rating with a $185 price target, while UBS Group raised its target to $195, also maintaining a “buy” rating. Truist Financial issued a “hold” rating with a $164 price target, and Barclays and Royal Bank of Canada both increased their price targets to $174 and $175 respectively, assigning “overweight” and “outperform” ratings. Currently, thirteen analysts rate Chevron a “buy,” and four rate it a “hold,” resulting in a MarketBeat consensus rating of “Moderate Buy” and a $175.27 average price target.

Chevron’s strong Q4 2023 earnings, which exceeded expectations with $2.51 EPS, contributed to the positive sentiment. The company also recently paid a $1.63 quarterly dividend. However, CEO Michael K. Wirth recently sold a significant portion of his shares.

Despite the positive analyst outlook, several large investors have recently adjusted their holdings, including Quarry LP, Gibson Wealth Advisors LLC, RiverFront Investment Group LLC, Farmers National Bank, and Strategic Investment Solutions Inc. IL. Institutional investors and hedge funds currently hold 72.42% of Chevron’s stock.

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