Chevron Co. (NYSE:CVX – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eighteen analysts that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $190.28.
Several research firms have recently commented on CVX. Morgan Stanley increased their target price on Chevron from $197.00 to $198.00 and gave the company an “equal weight” rating in a research note on Friday, August 18th. Citigroup dropped their price target on Chevron from $180.00 to $170.00 in a research report on Tuesday, July 11th. HSBC upped their price target on Chevron from $180.00 to $184.00 in a research report on Wednesday, August 9th. Piper Sandler dropped their price target on Chevron from $196.00 to $188.00 in a research report on Tuesday, June 13th. Finally, UBS Group upped their price target on Chevron from $202.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday, August 17th.
Insider Buying and Selling at Chevron
Institutional Investors Weigh In On Chevron
Large investors have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Chevron by 100,509.4% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 426,861,553 shares of the oil and gas company’s stock worth $67,166,665,000 after purchasing an additional 426,437,277 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Chevron by 104,997.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,490,824 shares of the oil and gas company’s stock worth $4,395,858,000 after purchasing an additional 24,467,521 shares during the last quarter. Norges Bank purchased a new position in shares of Chevron in the fourth quarter worth $3,058,235,000. Commonwealth Equity Services LLC raised its stake in shares of Chevron by 908.4% in the first quarter. Commonwealth Equity Services LLC now owns 11,450,777 shares of the oil and gas company’s stock worth $186,830,000 after purchasing an additional 10,315,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Chevron by 76.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,667,484 shares of the oil and gas company’s stock worth $3,839,241,000 after purchasing an additional 10,257,980 shares during the last quarter. 68.87% of the stock is currently owned by institutional investors.
Chevron Price Performance
Chevron stock opened at $166.50 on Thursday. Chevron has a 52 week low of $140.46 and a 52 week high of $189.68. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $160.80 and its 200 day simple moving average is $160.17. The firm has a market capitalization of $310.90 billion, a PE ratio of 10.56, a P/E/G ratio of 0.89 and a beta of 1.18.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.13. The company had revenue of $48.90 billion during the quarter, compared to the consensus estimate of $48 billion. Chevron had a net margin of 13.54% and a return on equity of 19.48%. The company’s quarterly revenue was down 28.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.82 EPS. On average, equities research analysts predict that Chevron will post 13.23 EPS for the current fiscal year.
Chevron Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Thursday, August 17th. Chevron’s payout ratio is currently 38.30%.
Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.
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