Several other equities research analysts also recently weighed in on CVX. Zacks Investment Research raised Chevron from a hold rating to a buy rating and set a $131.00 price target on the stock in a research report on Friday, November 10th. Bank of America set a $125.00 price target on Chevron and gave the stock a buy rating in a research report on Saturday, December 2nd. UBS Group set a $120.00 price target on Chevron and gave the stock a neutral rating in a research report on Monday, December 4th. Credit Suisse Group initiated coverage on Chevron in a research report on Monday, December 11th. They set a neutral rating and a $123.00 price target on the stock. Finally, Jefferies Group reaffirmed a buy rating and set a $140.00 price target on shares of Chevron in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. Chevron has an average rating of Buy and a consensus price target of $130.00.
Chevron (NYSE:CVX) opened at $117.22 on Wednesday. The stock has a market capitalization of $223,919.86, a price-to-earnings ratio of 28.73, a P/E/G ratio of 2.32 and a beta of 1.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83. Chevron has a 52 week low of $102.55 and a 52 week high of $133.88.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Friday, February 16th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.82%. This is a boost from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date is Thursday, February 15th. Chevron’s payout ratio is presently 92.37%.
Hedge funds have recently bought and sold shares of the stock. Numeric Investors LLC boosted its holdings in Chevron by 158.4% in the 2nd quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock worth $5,446,000 after buying an additional 32,000 shares during the last quarter. Toronto Dominion Bank lifted its stake in Chevron by 24.7% in the 2nd quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock worth $68,894,000 after purchasing an additional 130,990 shares in the last quarter. Shell Asset Management Co. lifted its stake in Chevron by 41.2% in the 3rd quarter. Shell Asset Management Co. now owns 506,198 shares of the oil and gas company’s stock worth $60,400,000 after purchasing an additional 147,738 shares in the last quarter. Perpetual Ltd lifted its stake in Chevron by 6.8% in the 2nd quarter. Perpetual Ltd now owns 22,012 shares of the oil and gas company’s stock worth $2,297,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Bogart Wealth LLC lifted its stake in Chevron by 3.7% in the 4th quarter. Bogart Wealth LLC now owns 15,316 shares of the oil and gas company’s stock worth $1,917,000 after purchasing an additional 542 shares in the last quarter. Institutional investors own 64.02% of the company’s stock.
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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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