Chevron Co. (NYSE:CVX) has received an average rating of “Buy” from the twenty brokerages that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $131.88.
A number of analysts have recently commented on CVX shares. Piper Jaffray Companies restated an “overweight” rating on shares of Chevron in a report on Tuesday, October 23rd. Credit Suisse Group upgraded Chevron from a “neutral” rating to an “outperform” rating and set a $138.00 target price on the stock in a report on Monday, November 5th. Bank of America reiterated a “neutral” rating and set a $140.00 target price (up previously from $135.00) on shares of Chevron in a report on Monday, November 5th. Wells Fargo & Co dropped their target price on Chevron from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. Finally, Societe Generale dropped their target price on Chevron from $150.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th.
In other Chevron news, insider James William Johnson sold 9,500 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $118.59, for a total value of $1,126,605.00. Following the sale, the insider now owns 9,500 shares in the company, valued at $1,126,605. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeanette L. Ourada sold 7,200 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $116.50, for a total value of $838,800.00. Following the completion of the sale, the insider now owns 7,200 shares in the company, valued at approximately $838,800. The disclosure for this sale can be found here. Insiders have sold 26,200 shares of company stock worth $3,072,725 in the last quarter. 0.46% of the stock is currently owned by corporate insiders.
Shares of Chevron stock traded down $0.04 during trading on Tuesday, reaching $119.31. The stock had a trading volume of 4,277,827 shares, compared to its average volume of 6,515,130. The firm has a market cap of $228.05 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 4.10 and a beta of 1.02. Chevron has a 52 week low of $100.22 and a 52 week high of $131.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.01.
Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The company had revenue of $42.35 billion for the quarter, compared to analyst estimates of $41.46 billion. Chevron had a return on equity of 9.82% and a net margin of 8.91%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 earnings per share. On average, equities analysts expect that Chevron will post 6.62 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Friday, February 15th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 3.99%. The ex-dividend date is Thursday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.12. Chevron’s dividend payout ratio is presently 57.70%.
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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