Several other analysts have also issued reports on the stock. UBS AG set a $105.00 target price on shares of Chevron Corporation and gave the stock a neutral rating in a research note on Wednesday, September 6th. Jefferies Group LLC set a $130.00 target price on shares of Chevron Corporation and gave the stock a buy rating in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $119.00 target price on shares of Chevron Corporation and gave the stock a buy rating in a research note on Friday, August 25th. Credit Suisse Group set a $123.00 target price on shares of Chevron Corporation and gave the stock a buy rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada set a $100.00 target price on shares of Chevron Corporation and gave the stock a sell rating in a research note on Friday, August 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $116.40.
Shares of Chevron Corporation (CVX) opened at 115.19 on Friday. The firm has a market cap of $218.29 billion, a PE ratio of 37.35 and a beta of 1.23. The firm has a 50-day moving average of $109.67 and a 200-day moving average of $107.12. Chevron Corporation has a 52 week low of $97.68 and a 52 week high of $119.00.
Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm had revenue of $34.48 billion during the quarter, compared to analyst estimates of $32.77 billion. During the same quarter in the prior year, the business posted ($0.78) EPS. The business’s revenue was up 17.8% compared to the same quarter last year. On average, analysts expect that Chevron Corporation will post $3.86 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Wednesday, August 16th. Chevron Corporation’s payout ratio is 140.26%.
In other news, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the sale, the chief financial officer now directly owns 43,838 shares of the company’s stock, valued at $4,866,018. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James William Johnson sold 31,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was 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 directly owns 11,000 shares in the company, valued at $1,217,480. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,312 shares of company stock worth $8,008,343. Insiders own 0.38% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Pathstone Family Office LLC lifted its holdings in shares of Chevron Corporation by 2.5% in the second quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after buying an additional 20 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Chevron Corporation in the second quarter worth about $106,000. Thompson Davis & CO. Inc. lifted its holdings in shares of Chevron Corporation by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after buying an additional 191 shares in the last quarter. Winfield Associates Inc. lifted its holdings in shares of Chevron Corporation by 5.1% in the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after buying an additional 63 shares in the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Chevron Corporation in the first quarter worth about $140,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
Chevron Corporation 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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