Chevron (NYSE:CVX) Price Target Raised to $215.00 at Mizuho

Chevron (NYSE:CVX) had its price target boosted by Mizuho from $209.00 to $215.00 in a research report report published on Monday, Marketbeat reports. They currently have a buy rating on the oil and gas company’s stock.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group raised Chevron from a neutral rating to a buy rating and boosted their price objective for the stock from $166.00 to $187.00 in a research report on Monday, July 31st. Citigroup lowered their price objective on Chevron from $180.00 to $170.00 in a research report on Tuesday, July 11th. JPMorgan Chase & Co. raised Chevron from an underweight rating to a neutral rating and boosted their price objective for the stock from $161.00 to $170.00 in a research report on Wednesday, May 31st. HSBC upped their price target on Chevron from $180.00 to $184.00 in a report on Wednesday, August 9th. Finally, Royal Bank of Canada raised Chevron from a sector perform rating to an outperform rating and upped their price target for the company from $165.00 to $180.00 in a report on Thursday, June 1st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $190.61.

Chevron Stock Performance

NYSE CVX opened at $167.22 on Monday. The company has a market cap of $312.24 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.89 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.43 and a quick ratio of 1.13. The stock has a 50-day moving average of $160.80 and a two-hundred day moving average of $160.15. Chevron has a 1-year low of $140.46 and a 1-year high of $189.68.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.13. Chevron had a return on equity of 19.48% and a net margin of 13.54%. The business had revenue of $48.90 billion during the quarter, compared to the consensus estimate of $48 billion. During the same period in the previous year, the company posted $5.82 earnings per share. The business’s revenue for the quarter was down 28.9% on a year-over-year basis. As a group, analysts anticipate that Chevron will post 13.23 EPS for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Thursday, August 17th. Chevron’s dividend payout ratio (DPR) is presently 38.30%.

Insider Transactions at Chevron

In other Chevron news, CFO Pierre R. Breber sold 25,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $164.00, for a total value of $4,100,000.00. Following the completion of the transaction, the chief financial officer now owns 6,021 shares in the company, valued at $987,444. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chevron news, CFO Pierre R. Breber sold 25,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $164.00, for a total value of $4,100,000.00. Following the sale, the chief financial officer now owns 6,021 shares of the company’s stock, valued at $987,444. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $160.88, for a total value of $603,300.00. Following the completion of the sale, the vice president now directly owns 1,718 shares in the company, valued at approximately $276,391.84. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Chevron

A number of large investors have recently made changes to their positions in CVX. NorthCrest Asset Manangement LLC boosted its stake in shares of Chevron by 247.8% during the second quarter. NorthCrest Asset Manangement LLC now owns 3,400 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 5,700 shares during the last quarter. Rebalance LLC acquired a new stake in Chevron in the 4th quarter worth about $26,000. NewSquare Capital LLC boosted its stake in Chevron by 52.3% in the 1st quarter. NewSquare Capital LLC now owns 195 shares of the oil and gas company’s stock worth $32,000 after buying an additional 67 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new stake in Chevron in the 1st quarter worth about $33,000. Finally, Worth Asset Management LLC acquired a new stake in Chevron in the 1st quarter worth about $36,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

About Chevron

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.