Chevron (CVX) Receives a Buy from Morgan Stanley
Morgan Stanley analyst Devin McDermott maintained a Buy rating on Chevron today and set a price target of $210.00.
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According to TipRanks, McDermott is a 5-star analyst with an average return of 9.9% and a 58.63% success rate. McDermott covers the Energy sector, focusing on stocks such as Devon Energy, Chevron, and Comstock Resources.
In addition to Morgan Stanley, Chevron also received a Buy from Wells Fargo’s Sam Margolin in a report issued on July 31. However, today, Barclays maintained a Hold rating on Chevron (NYSE: CVX).
Based on Chevron’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $67.2 billion and a net profit of $12.07 billion. In comparison, last year the company earned a revenue of $44.38 billion and had a net profit of $2.49 billion
Based on the recent corporate insider activity of 93 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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- Chevron to expand North American base oils distribution network
- Chevron price target raised to $226 from $222 at Wells Fargo
- OPEC+ approves September oil increase, Reuters reports
- Chevron price target raised to $216 from $213 at Barclays
- Chevron, Exxon warn high fuel prices will persist, Bloomberg reports
