Shares of Chevron Co. (NYSE:CVX) have been given a consensus recommendation of “Buy” by the twenty-nine research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $132.80.
A number of research firms have recently issued reports on CVX. Royal Bank of Canada upgraded shares of Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 target price for the company in a research note on Friday, February 9th. Morgan Stanley boosted their price objective on shares of Chevron from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Vetr cut shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective for the company. in a research report on Thursday, January 11th. Zacks Investment Research cut shares of Chevron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Green Square Capital LLC grew its holdings in shares of Chevron by 16.5% in the 4th quarter. Green Square Capital LLC now owns 16,808 shares of the oil and gas company’s stock valued at $2,104,000 after buying an additional 2,380 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Chevron by 2.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 240,960 shares of the oil and gas company’s stock valued at $30,166,000 after buying an additional 6,537 shares during the period. Certified Advisory Corp acquired a new position in shares of Chevron in the 4th quarter valued at $624,000. Ackerman Capital Advisors LLC acquired a new position in shares of Chevron in the 4th quarter valued at $1,289,000. Finally, Fairfield Bush & CO. grew its holdings in shares of Chevron by 2.6% in the 4th quarter. Fairfield Bush & CO. now owns 54,650 shares of the oil and gas company’s stock valued at $6,842,000 after buying an additional 1,408 shares during the period. 64.97% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:CVX traded up $2.36 during trading on Wednesday, reaching $123.82. The stock had a trading volume of 8,699,866 shares, compared to its average volume of 7,172,733. Chevron has a 52 week low of $102.55 and a 52 week high of $133.88. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $230,567.53, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 2.34 and a beta of 1.16.
Chevron (NYSE:CVX) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The firm had revenue of $37.62 billion during the quarter, compared to the consensus estimate of $38.43 billion. During the same quarter last year, the firm posted $0.22 EPS. The business’s revenue was up 19.4% on a year-over-year basis. analysts forecast that Chevron will post 6.45 EPS for the current fiscal year.
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Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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