Chevron Corporation (NYSE:CVX) has received an average rating of “Hold” from the twenty-seven research firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $117.09.
A number of equities research analysts have weighed in on CVX shares. Vetr raised Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price objective on the stock in a report on Friday, April 14th. BidaskClub downgraded shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Scotiabank set a $114.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Monday, May 1st. Wells Fargo & Company downgraded shares of Chevron Corporation to an “outperform” rating and reduced their price target for the company from $124.00 to $102.00 in a research report on Monday, July 17th. Finally, Exane BNP Paribas downgraded shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $105.00 to $100.00 in a research report on Friday, May 26th.
A number of hedge funds have recently made changes to their positions in the company. Thompson Davis & CO. Inc. boosted its stake in shares of Chevron Corporation by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after buying an additional 191 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Chevron Corporation during the fourth quarter worth $139,000. Americafirst Capital Management LLC acquired a new stake in shares of Chevron Corporation during the first quarter worth $140,000. Daiwa SB Investments Ltd. boosted its stake in shares of Chevron Corporation by 438.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 1,140 shares during the period. Finally, Tortoise Investment Management LLC boosted its stake in shares of Chevron Corporation by 46.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,329 shares of the oil and gas company’s stock worth $156,000 after buying an additional 421 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.
Chevron Corporation (NYSE:CVX) traded down 1.32% during trading on Monday, reaching $103.25. The company had a trading volume of 5,304,114 shares. The stock has a market capitalization of $195.61 billion, a price-to-earnings ratio of 67.00 and a beta of 1.23. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00. The firm has a 50-day moving average of $104.83 and a 200-day moving average of $108.57.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.56. Chevron Corporation had a return on equity of 3.58% and a net margin of 2.34%. The company had revenue of $33.42 billion for the quarter, compared to analyst estimates of $34.05 billion. During the same quarter in the previous year, the company earned ($0.39) EPS. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, analysts anticipate that Chevron Corporation will post $3.79 EPS for the current fiscal year.
Chevron Corporation Company Profile
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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