Wells Fargo Keeps Their Buy Rating on Chevron (CVX)
In a report released yesterday, Sam Margolin from Wells Fargo maintained a Buy rating on Chevron, with a price target of $222.00. The company’s shares closed yesterday at $165.69.
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According to TipRanks, Margolin is a 5-star analyst with an average return of 11.5% and a 66.44% success rate. Margolin covers the Energy sector, focusing on stocks such as BP, Chevron, and Marathon Petroleum.
In addition to Wells Fargo, Chevron also received a Buy from RBC Capital’s Biraj Borkhataria in a report issued today. However, on June 23, Barclays assigned a Hold rating to Chevron (NYSE: CVX).
Based on Chevron’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $47.56 billion and a net profit of $2.21 billion. In comparison, last year the company earned a revenue of $46.1 billion and had a net profit of $3.5 billion
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVX in relation to earlier this year. Most recently, in May 2026, John Hess, a Director at CVX sold 380,000.00 shares for a total of $73,412,808.80.
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