Chevron Co. (NYSE:CVX) has earned a consensus rating of “Hold” from the twenty-eight analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $125.77.
CVX has been the subject of several research reports. Scotiabank reaffirmed a “buy” rating on shares of Chevron in a research note on Friday, September 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Chevron in a research note on Saturday, September 16th. Cowen reaffirmed a “buy” rating and set a $122.00 price target on shares of Chevron in a research note on Tuesday, September 19th. Goldman Sachs Group reaffirmed a “buy” rating and set a $123.00 price target (up from $118.00) on shares of Chevron in a research note on Tuesday, September 19th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $108.00 price target (up from $100.00) on shares of Chevron in a research note on Tuesday, October 3rd.
In other Chevron news, VP R. Hewitt Pate sold 25,500 shares of Chevron stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the transaction, the vice president now owns 25,500 shares in the company, valued at $3,060,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $119.00, for a total value of $2,766,750.00. Following the completion of the transaction, the insider now owns 42,182 shares in the company, valued at approximately $5,019,658. The disclosure for this sale can be found here. In the last quarter, insiders sold 314,000 shares of company stock worth $36,540,822. Company insiders own 0.38% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in Chevron in the second quarter valued at approximately $106,000. Winfield Associates Inc. lifted its stake in Chevron by 5.1% in the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 63 shares during the period. Daiwa SB Investments Ltd. lifted its stake in Chevron by 438.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 1,140 shares during the period. Acrospire Investment Management LLC lifted its stake in Chevron by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 800 shares during the period. Finally, New Capital Management LP lifted its stake in Chevron by 0.3% in the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 4 shares during the period. Institutional investors own 63.80% of the company’s stock.
Shares of Chevron (NYSE CVX) traded up $0.63 during mid-day trading on Monday, reaching $128.53. 4,820,000 shares of the company’s stock traded hands, compared to its average volume of 5,040,000. 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 firm has a market cap of $244,130.00, a P/E ratio of 37.47, a P/E/G 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 announced its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. sell-side analysts forecast that Chevron will post 4.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Thursday, November 16th. Chevron’s dividend payout ratio (DPR) is presently 125.95%.
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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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