A number of other analysts have also weighed in on the stock. Scotiabank reiterated a buy rating and set a $113.00 target price on shares of Chevron Corporation in a report on Friday, June 30th. Jefferies Group LLC set a $135.00 target price on shares of Chevron Corporation and gave the stock a buy rating in a report on Saturday, June 24th. BMO Capital Markets set a $130.00 target price on shares of Chevron Corporation and gave the stock a buy rating in a report on Thursday, June 22nd. Citigroup Inc. dropped their target price on shares of Chevron Corporation from $129.00 to $118.00 and set a buy rating for the company in a report on Friday, July 21st. Finally, Piper Jaffray Companies reiterated a buy rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $117.07.
Shares of Chevron Corporation (NYSE CVX) traded up 0.02% on Wednesday, reaching $119.35. The company’s stock had a trading volume of 2,722,952 shares. The stock has a 50 day moving average of $113.95 and a 200-day moving average of $108.14. Chevron Corporation has a 12 month low of $99.61 and a 12 month high of $119.82. The firm has a market cap of $226.17 billion, a price-to-earnings ratio of 38.70 and a beta of 1.24.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. During the same period last year, the firm earned ($0.78) earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts anticipate that Chevron Corporation will post $3.99 EPS for the current year.
In related news, insider James William Johnson sold 31,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the sale, the insider now owns 11,000 shares of the company’s stock, valued at $1,217,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total transaction of $248,262.56. The disclosure for this sale can be found here. Insiders have sold 72,312 shares of company stock valued at $8,008,343 in the last three months. 0.38% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of CVX. Addison Capital Co bought a new stake in Chevron Corporation in the 1st quarter worth approximately $445,000. Pinnacle Bank bought a new stake in Chevron Corporation in the 1st quarter worth approximately $1,112,000. Carderock Capital Management Inc. grew its position in Chevron Corporation by 23.7% in the 1st quarter. Carderock Capital Management Inc. now owns 28,819 shares of the oil and gas company’s stock worth $3,094,000 after purchasing an additional 5,521 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Chevron Corporation by 152.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,916 shares of the oil and gas company’s stock worth $1,806,000 after purchasing an additional 10,224 shares during the period. Finally, Beese Fulmer Investment Management Inc. grew its position in Chevron Corporation by 1.7% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 50,774 shares of the oil and gas company’s stock worth $5,452,000 after purchasing an additional 858 shares during the period. 62.73% of the stock is owned by institutional investors and hedge funds.
About Chevron Corporation
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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