Analysts’ Weekly Ratings Changes for Chevron (CVX)

Several brokerages have updated their recommendations and price targets on shares of Chevron (NYSE: CVX) in the last few weeks:

  • 7/1/2022 – Chevron had its price target lowered by analysts at Cowen Inc. from $179.00 to $160.00. They now have an “outperform” rating on the stock.
  • 7/1/2022 – Chevron had its price target lowered by analysts at Cowen Inc from $179.00 to $160.00. They now have an “outperform” rating on the stock.
  • 6/28/2022 – Chevron had its price target lowered by analysts at Truist Financial Co. from $181.00 to $170.00. They now have a “hold” rating on the stock.
  • 6/22/2022 – Chevron had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $181.00 to $162.00. They now have a “neutral” rating on the stock.
  • 6/9/2022 – Chevron had its price target raised by analysts at Credit Suisse Group AG from $190.00 to $202.00. They now have an “outperform” rating on the stock.
  • 6/8/2022 – Chevron had its price target raised by analysts at The Goldman Sachs Group, Inc. from $160.00 to $181.00. They now have a “neutral” rating on the stock.
  • 6/7/2022 – Chevron had its price target raised by analysts at Cowen Inc. from $165.00 to $179.00. They now have an “outperform” rating on the stock.
  • 6/7/2022 – Chevron had its price target raised by analysts at Cowen Inc from $165.00 to $179.00.
  • 6/6/2022 – Chevron had its price target lowered by analysts at Morgan Stanley from $188.00 to $185.00. They now have an “equal weight” rating on the stock.
  • 5/31/2022 – Chevron had its price target raised by analysts at Barclays PLC from $183.00 to $196.00. They now have an “overweight” rating on the stock.
  • 5/20/2022 – Chevron was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating. They now have a $175.00 price target on the stock.
  • 5/19/2022 – Chevron had its price target raised by analysts at Citigroup Inc. from $160.00 to $170.00. They now have a “neutral” rating on the stock.

Shares of NYSE:CVX opened at $142.66 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.43 and a quick ratio of 1.22. Chevron Co. has a 1 year low of $92.86 and a 1 year high of $182.40. The company has a market cap of $280.30 billion, a PE ratio of 13.41, a P/E/G ratio of 0.64 and a beta of 1.14. The stock’s 50-day moving average is $163.63 and its 200 day moving average is $151.51.

Chevron (NYSE:CVXGet Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $3.36 earnings per share for the quarter, missing the consensus estimate of $3.44 by ($0.08). Chevron had a net margin of 11.10% and a return on equity of 14.66%. The company had revenue of $54.37 billion for the quarter, compared to the consensus estimate of $54.96 billion. During the same period in the prior year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 69.8% compared to the same quarter last year. Analysts expect that Chevron Co. will post 17.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 19th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Wednesday, May 18th. Chevron’s payout ratio is 53.38%.

In other Chevron news, Director Wanda M. Austin sold 12,039 shares of Chevron stock in a transaction on Friday, May 27th. The stock was sold at an average price of $177.29, for a total value of $2,134,394.31. Following the sale, the director now owns 3,543 shares in the company, valued at $628,138.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Enrique Hernandez, Jr. sold 11,799 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $175.00, for a total value of $2,064,825.00. Following the transaction, the director now owns 24,281 shares of the company’s stock, valued at $4,249,175. The disclosure for this sale can be found here. Insiders have sold 561,726 shares of company stock valued at $94,057,396 in the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Your Advocates Ltd. LLP bought a new position in shares of Chevron during the first quarter worth about $25,000. Rational Advisors LLC lifted its position in Chevron by 116.3% in the fourth quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 121 shares during the period. Cordant Inc. bought a new position in shares of Chevron during the 1st quarter valued at about $29,000. Curi Wealth Management LLC purchased a new position in Chevron in the 4th quarter worth about $30,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in Chevron during the first quarter valued at $30,000. 65.89% of the stock is owned by institutional investors.

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.

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