Shares of Chevron Co. (NYSE:CVX) have earned an average rating of “Hold” from the twenty-eight research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $126.77.
Several analysts have commented on CVX shares. TheStreet upgraded Chevron from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Scotiabank restated a “buy” rating on shares of Chevron in a report on Friday, September 15th. Goldman Sachs Group restated a “buy” rating and issued a $123.00 price target (up previously from $118.00) on shares of Chevron in a report on Tuesday, September 19th. Cowen restated a “buy” rating and issued a $122.00 price target on shares of Chevron in a report on Tuesday, September 19th. Finally, Jefferies Group restated a “buy” rating and issued a $130.00 price target on shares of Chevron in a report on Tuesday, October 3rd.
In related news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Pierre R. Breber sold 23,250 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $116.85, for a total value of $2,716,762.50. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock valued at $36,540,822 in the last quarter. Company insiders own 0.38% of the company’s stock.
Chevron (NYSE:CVX) traded up $0.82 on Monday, reaching $128.66. The company’s stock had a trading volume of 5,292,100 shares, compared to its average volume of 4,965,714. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market cap of $251,380.00, a PE ratio of 37.51, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. Chevron has a 52 week low of $102.55 and a 52 week high of $128.94.
Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. equities research analysts predict that Chevron will post 4.35 EPS for the current year.
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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