Chevron (NYSE:CVX) PT Raised to $192.00

by · The Cerbat Gem

Chevron (NYSE:CVX – Get Free Report) had its price objective hoisted by equities researchers at UBS Group from $189.00 to $192.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. UBS Group’s price objective would indicate a potential upside of 28.26% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company decreased their price objective on Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Mizuho lowered their price target on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Scotiabank reduced their price objective on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Wolfe Research initiated coverage on shares of Chevron in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Sanford C. Bernstein lowered shares of Chevron from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.59.

View Our Latest Research Report on Chevron

Chevron Stock Performance

Chevron stock opened at $149.70 on Tuesday. Chevron has a 1 year low of $135.37 and a 1 year high of $170.17. The company’s 50-day moving average is $145.66 and its two-hundred day moving average is $154.05. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market cap of $273.79 billion, a PE ratio of 13.77, a PEG ratio of 2.72 and a beta of 1.09.

Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). The business had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. Chevron’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.08 earnings per share. Equities analysts anticipate that Chevron will post 11.09 earnings per share for the current year.

Hedge Funds Weigh In On Chevron

Several hedge funds have recently made changes to their positions in CVX. American Capital Advisory LLC increased its stake in Chevron by 403.2% in the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 125 shares during the last quarter. Anfield Capital Management LLC raised its holdings in Chevron by 118.0% during the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 118 shares in the last quarter. Cyrus J. Lawrence LLC boosted its position in Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. Cooksen Wealth LLC acquired a new position in shares of Chevron during the 4th quarter worth approximately $40,000. Finally, Vima LLC acquired a new position in shares of Chevron during the 4th quarter worth approximately $44,000. 72.42% of the stock is owned by institutional investors.

About Chevron

(Get Free Report)

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.

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