Shares of Chevron Co. (NYSE:CVX) have been assigned an average rating of “Buy” from the twenty-three brokerages that are covering the stock. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $122.37.
A number of brokerages have commented on CVX. TheStreet downgraded shares of Chevron from a “b-” rating to a “c” rating in a research report on Friday, February 3rd. Simmons cut their price objective on shares of Chevron from $129.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $147.00 price target on shares of Chevron in a report on Wednesday, March 8th. Evercore ISI reiterated an “underweight” rating on shares of Chevron in a report on Monday, February 27th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Chevron in a report on Friday, March 3rd.
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Shares of Chevron (NYSE:CVX) traded up 0.1398% during midday trading on Tuesday, reaching $105.0266. 2,481,105 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $108.50 and its 200 day moving average is $110.24. The firm’s market cap is $198.83 billion. Chevron has a one year low of $97.53 and a one year high of $119.00.
Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 27th. The oil and gas company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.42. The firm had revenue of $31.50 billion for the quarter, compared to analysts’ expectations of $35.24 billion. Chevron had a positive return on equity of 1.26% and a negative net margin of 0.43%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.31) EPS. Analysts anticipate that Chevron will post $4.53 EPS for the current year.
In related news, insider Pierre R. Breber sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.80, for a total value of $5,031,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Winfield Associates Inc. raised its stake in Chevron by 1.5% in the third quarter. Winfield Associates Inc. now owns 1,151 shares of the oil and gas company’s stock worth $118,000 after buying an additional 17 shares in the last quarter. TLP Group LLC purchased a new stake in Chevron during the third quarter worth about $130,000. Mascoma Wealth Management LLC purchased a new stake in Chevron during the fourth quarter worth about $131,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Chevron during the fourth quarter worth about $139,000. Finally, Americafirst Capital Management LLC purchased a new stake in Chevron during the first quarter worth about $140,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Chevron 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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