Chevron Co. (CVX) Receives $125.77 Consensus PT from Analysts

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.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Chevron by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock valued at $14,567,210,000 after purchasing an additional 3,920,240 shares in the last quarter. BlackRock Inc. raised its position in shares of Chevron by 1.6% in the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock valued at $13,007,759,000 after purchasing an additional 1,975,865 shares in the last quarter. Capital World Investors raised its position in shares of Chevron by 9.8% in the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock valued at $3,708,603,000 after purchasing an additional 3,182,250 shares in the last quarter. Northern Trust Corp raised its position in shares of Chevron by 0.6% in the 2nd quarter. Northern Trust Corp now owns 26,153,161 shares of the oil and gas company’s stock valued at $2,728,558,000 after purchasing an additional 157,021 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Chevron by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 15,609,647 shares of the oil and gas company’s stock valued at $1,628,554,000 after purchasing an additional 49,083 shares in the last quarter. 63.80% of the stock is currently owned by hedge funds and other institutional investors.

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.

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About Chevron

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.

Analyst Recommendations for Chevron (NYSE:CVX)

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