Shares of Chevron Co. (NYSE:CVX) have been assigned an average recommendation of “Hold” from the twenty-eight ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $125.77.

A number of equities research analysts have recently weighed in on the company. Bank of America lowered Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research report on Thursday. They noted that the move was a valuation call. Wells Fargo & Co restated a “market perform” rating and set a $108.00 price target (up from $100.00) on shares of Chevron in a research report on Tuesday, October 3rd. Jefferies Group restated a “buy” rating and set a $137.00 price target on shares of Chevron in a research report on Thursday, October 19th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Tuesday, October 31st. Finally, BMO Capital Markets lowered Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a research report on Wednesday, October 18th. They noted that the move was a valuation call.

In other news, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the transaction, the vice president now owns 25,500 shares of the company’s stock, valued at $3,060,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the transaction, the insider now directly owns 1,229 shares of the company’s stock, valued at approximately $145,022. The disclosure for this sale can be found here. Insiders have sold 314,000 shares of company stock valued at $36,540,822 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Soros Fund Management LLC purchased a new stake in Chevron during the first quarter valued at approximately $1,063,000. BlueCrest Capital Management Ltd raised its position in Chevron by 4,074.4% during the first quarter. BlueCrest Capital Management Ltd now owns 108,326 shares of the oil and gas company’s stock valued at $11,631,000 after purchasing an additional 105,731 shares during the period. Investment Centers of America Inc. raised its position in Chevron by 3.0% during the first quarter. Investment Centers of America Inc. now owns 52,611 shares of the oil and gas company’s stock valued at $5,656,000 after purchasing an additional 1,537 shares during the period. Security National Bank of Sioux City Iowa IA raised its position in Chevron by 41.3% during the first quarter. Security National Bank of Sioux City Iowa IA now owns 15,042 shares of the oil and gas company’s stock valued at $1,616,000 after purchasing an additional 4,396 shares during the period. Finally, Security National Bank of SO Dak raised its position in Chevron by 0.6% during the first quarter. Security National Bank of SO Dak now owns 10,424 shares of the oil and gas company’s stock valued at $1,120,000 after purchasing an additional 62 shares during the period. 63.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Chevron (NYSE CVX) traded up $0.63 during mid-day trading on Monday, hitting $128.53. The stock had a trading volume of 4,820,000 shares, compared to its average volume of 5,040,000. The company has a market cap of $244,130.00, a price-to-earnings ratio of 37.47, a P/E/G ratio of 2.97 and a beta of 1.21. Chevron has a 12-month low of $102.55 and a 12-month high of $128.94. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. research analysts forecast that Chevron will post 4.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.36%. The ex-dividend date was Thursday, November 16th. Chevron’s dividend payout ratio is presently 125.95%.

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About Chevron

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.

Analyst Recommendations for Chevron (NYSE:CVX)

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