Chevron (NYSE:CVX) Price Target Raised to $202.00

Chevron (NYSE:CVXGet Rating) had its price target hoisted by research analysts at Credit Suisse Group from $190.00 to $202.00 in a report released on Thursday, The Fly reports. Credit Suisse Group’s price objective would suggest a potential upside of 11.52% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Bank of America raised their price objective on shares of Chevron from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, February 15th. Cowen raised their price objective on shares of Chevron from $165.00 to $179.00 in a research report on Tuesday. Royal Bank of Canada cut shares of Chevron from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $160.00 to $165.00 in a research report on Thursday, April 21st. Wells Fargo & Company raised their price objective on shares of Chevron from $150.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 11th. Finally, Raymond James raised their price objective on shares of Chevron from $173.00 to $191.00 and gave the stock an “outperform” rating in a research report on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $171.32.

Shares of NYSE CVX opened at $181.13 on Thursday. The firm has a 50-day simple moving average of $168.53 and a 200-day simple moving average of $146.27. The stock has a market capitalization of $355.89 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20. Chevron has a 52 week low of $92.86 and a 52 week high of $182.40.

Chevron (NYSE:CVXGet Rating) last issued its earnings results on Friday, April 29th. The oil and gas company reported $3.36 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.08). The business had revenue of $54.37 billion during the quarter, compared to analyst estimates of $54.96 billion. Chevron had a net margin of 11.10% and a return on equity of 14.66%. Chevron’s quarterly revenue was up 69.8% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. As a group, equities research analysts expect that Chevron will post 16.94 EPS for the current year.

In related news, VP Eimear P. Bonner sold 68,032 shares of Chevron stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $165.00, for a total value of $11,225,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James William Johnson sold 55,600 shares of Chevron stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $165.94, for a total transaction of $9,226,264.00. Following the completion of the transaction, the executive vice president now owns 1,243 shares of the company’s stock, valued at approximately $206,263.42. The disclosure for this sale can be found here. In the last three months, insiders sold 561,726 shares of company stock valued at $94,057,396. Insiders own 0.32% of the company’s stock.

A number of institutional investors have recently modified their holdings of CVX. Clarity Financial LLC raised its holdings in Chevron by 2.2% during the first quarter. Clarity Financial LLC now owns 2,790 shares of the oil and gas company’s stock worth $454,000 after purchasing an additional 61 shares in the last quarter. SYM FINANCIAL Corp raised its holdings in Chevron by 3.4% during the first quarter. SYM FINANCIAL Corp now owns 1,895 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 62 shares in the last quarter. LCM Capital Management Inc raised its holdings in Chevron by 0.9% during the first quarter. LCM Capital Management Inc now owns 7,306 shares of the oil and gas company’s stock worth $1,190,000 after purchasing an additional 63 shares in the last quarter. Matrix Private Capital Group LLC raised its holdings in Chevron by 0.3% during the first quarter. Matrix Private Capital Group LLC now owns 20,229 shares of the oil and gas company’s stock worth $3,294,000 after purchasing an additional 64 shares in the last quarter. Finally, John G Ullman & Associates Inc. raised its holdings in Chevron by 1.1% during the first quarter. John G Ullman & Associates Inc. now owns 6,002 shares of the oil and gas company’s stock worth $977,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 65.89% of the company’s stock.

About Chevron (Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 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.

See Also

The Fly logo

Analyst Recommendations for Chevron (NYSE:CVX)

Want More Great Investing Ideas?

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.