Core Viewpoint - Chevron Corporation's shares reached a new 52-week high of $187.90, demonstrating resilience in the energy sector despite broader market declines [1]. Stock Performance - Chevron shares increased by 1.54% to $186.71, while major indices like the Dow Jones and S&P 500 saw declines [2]. - Over the past 12 months, the stock has gained 18.57%, trading 5.7% above its 20-day simple moving average and 21.2% above its 200-day simple moving average [3]. Catalysts - A significant catalyst for Chevron is its expanding presence in the Mediterranean, with new lease agreements for four offshore blocks in Greece, where Chevron holds a 70% operating interest [4]. - Crude oil prices rose by 2.29% to $66.54 due to U.S.-Iran tensions, positively impacting oil and gas stocks [4]. Earnings & Analyst Outlook - Chevron is expected to provide its next financial update on May 1, with current focus on strategic maneuvers and sector performance [5]. Analyst Consensus & Recent Actions - The stock has a Buy Rating with an average price target of $172.75, reflecting strong market confidence [6]. - Recent analyst actions include: - Wells Fargo raised its target to $204.00 [6]. - Morgan Stanley lowered its target to $174.00 [6]. - Barclays raised its target to $166.00 [6]. - The company has a strong value rank (Score: 76.75) and a bullish momentum rank (Score: 70.6), indicating robust market position and investor confidence [6].