1 week Ago By Defense World Staff
Shares of Chevron Co. (NYSE:CVX – Get Free Report) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company.
The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $173.53. CVX has been the subject of several research reports.
UBS Group decreased their price target on shares of Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a report on Monday.
Barclays decreased their target price on Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th.
Piper Sandler dropped their price target on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th.
Truist Financial reduced their price objective on Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th.
Finally, Wells Fargo & Company dropped their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd.
Check Out Our Latest Analysis on ChevronInsider Activity at ChevronIn related news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.
50, for a total transaction of $1,422,062.50. Following the completion of the transaction, the vice president now owns 1,057 shares of the company’s stock, valued at $161,192.
50. This trade represents a 89.82 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.
Institutional Investors Weigh In On ChevronA number of institutional investors and hedge funds have recently bought and sold shares of CVX. Life Planning Partners Inc bought a new stake in Chevron during the fourth quarter worth approximately $25,000. IMG Wealth Management Inc.
bought a new stake in shares of Chevron during the 4th quarter worth $25,000. Mizuho Securities Co. Ltd.
acquired a new position in shares of Chevron in the 4th quarter worth $29,000. 10Elms LLP acquired a new stake in shares of Chevron during the fourth quarter worth $29,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Chevron by 75.
9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 88 shares during the last quarter. 72.
42% of the stock is owned by institutional investors and hedge funds. Chevron Stock Down 7.6 %Shares of Chevron stock opened at $134.
88 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.
07 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $155.
70 and a 200 day moving average price of $153.87. Chevron has a fifty-two week low of $133.
45 and a fifty-two week high of $168.96. The firm has a market cap of $237.
47 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.46 and a beta of 0.
93. Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.
06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.36).
Chevron had a net margin of 8.71% and a return on equity of 11.44%.
During the same period last year, the business earned $3.45 EPS. On average, sell-side analysts forecast that Chevron will post 10.
79 earnings per share for the current fiscal year. Chevron Increases DividendThe business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $1.
71 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.
63. This represents a $6.84 annualized dividend and a dividend yield of 5.
07%. Chevron’s dividend payout ratio (DPR) is 70.37%.
About Chevron (Get Free ReportChevron 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; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
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