Chevron (NYSE:CVX) PT Raised to $174.00 at Raymond James

Chevron (NYSE:CVX) had its target price boosted by stock analysts at Raymond James from $170.00 to $174.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the oil and gas company’s stock. Raymond James’ price target would indicate a potential upside of 11.34% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Barclays assumed coverage on Chevron in a research note on Wednesday, April 10th. They set an “overweight” rating and a $203.00 target price for the company. DZ Bank downgraded Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a report on Tuesday, February 6th. Jefferies Financial Group raised Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research note on Monday, January 8th. Mizuho lifted their target price on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Truist Financial reduced their price target on Chevron from $168.00 to $156.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.55.

Chevron Stock Down 0.8 %

Shares of NYSE:CVX opened at $156.28 on Monday. Chevron has a 12 month low of $139.62 and a 12 month high of $172.54. The company’s 50-day moving average price is $155.11 and its two-hundred day moving average price is $151.83. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The firm has a market cap of $290.25 billion, a P/E ratio of 13.76, a P/E/G ratio of 2.40 and a beta of 1.12.

Chevron (NYSE:CVX) last released its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. The company had revenue of $47.18 billion for the quarter, compared to the consensus estimate of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The company’s revenue was down 16.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.09 EPS. As a group, research analysts forecast that Chevron will post 13.24 EPS for the current fiscal year.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at approximately $44,184.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Chevron

Several institutional investors and hedge funds have recently modified their holdings of CVX. Picton Mahoney Asset Management bought a new position in shares of Chevron during the 3rd quarter valued at about $26,000. Bare Financial Services Inc bought a new position in shares of Chevron during the 4th quarter valued at about $27,000. Valley Forge Investment Consultants Inc. ADV increased its position in shares of Chevron by 80.0% during the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 80 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of Chevron during the 4th quarter valued at about $30,000. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of Chevron during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

About Chevron

Chevron 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.