Chevron (NYSE:CVX) was upgraded by research analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a $125.00 price target on the oil and gas company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 10.85% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley upped their price objective on Chevron from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Citigroup upped their price objective on Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research lowered Chevron from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Wolfe Research raised Chevron from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. Finally, Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $134.35 target price for the company in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $129.16.

Chevron (NYSE:CVX) traded up $0.46 on Friday, hitting $112.76. The stock had a trading volume of 672,961 shares, compared to its average volume of 7,200,000. Chevron has a 1 year low of $102.55 and a 1 year high of $133.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. The stock has a market cap of $214,170.00, a PE ratio of 23.30, a P/E/G ratio of 2.26 and a beta of 1.15.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). Chevron had a return on equity of 5.23% and a net margin of 6.49%. The firm had revenue of $37.62 billion during the quarter, compared to analysts’ expectations of $38.43 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. Chevron’s revenue for the quarter was up 19.4% compared to the same quarter last year. research analysts expect that Chevron will post 6.36 EPS for the current fiscal year.

In other Chevron news, insider Pierre R. Breber sold 23,250 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the completion of the transaction, the insider now owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael K. Wirth sold 110,771 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $116.17, for a total value of $12,868,267.07. Following the transaction, the executive vice president now directly owns 110,771 shares of the company’s stock, valued at approximately $12,868,267.07. The disclosure for this sale can be found here. Insiders have sold a total of 287,271 shares of company stock valued at $33,335,800 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valley National Advisers Inc. raised its position in shares of Chevron by 0.4% in the 2nd quarter. Valley National Advisers Inc. now owns 2,612 shares of the oil and gas company’s stock worth $273,000 after acquiring an additional 11 shares in the last quarter. Deschutes Portfolio Strategy LLC raised its position in shares of Chevron by 0.5% in the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company’s stock worth $301,000 after acquiring an additional 13 shares in the last quarter. Regis Management CO LLC raised its position in shares of Chevron by 0.4% in the 2nd quarter. Regis Management CO LLC now owns 3,269 shares of the oil and gas company’s stock worth $341,000 after acquiring an additional 14 shares in the last quarter. Keel Point LLC raised its position in shares of Chevron by 0.5% in the 2nd quarter. Keel Point LLC now owns 2,759 shares of the oil and gas company’s stock worth $288,000 after acquiring an additional 14 shares in the last quarter. Finally, FCG Advisors LLC raised its position in shares of Chevron by 0.4% in the 2nd quarter. FCG Advisors LLC now owns 3,907 shares of the oil and gas company’s stock worth $408,000 after acquiring an additional 15 shares in the last quarter. 64.06% of the stock is owned by institutional investors and hedge funds.

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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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