Chevron (NYSE:CVX) had its price target cut by Morgan Stanley from $146.00 to $144.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the oil and gas company’s stock.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a buy rating to a hold rating in a research report on Tuesday, May 7th. Cowen reissued a market perform rating and issued a $99.00 target price (up previously from $97.00) on shares of United Continental in a research report on Wednesday, April 17th. Citigroup set a $13.00 target price on shares of e.l.f. Beauty and gave the stock a hold rating in a research report on Monday, May 13th. Finally, Bank of America set a $144.00 target price on shares of Walt Disney and gave the stock a buy rating in a research report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Chevron has an average rating of Buy and a consensus price target of $135.72.

CVX opened at $125.72 on Friday. The business has a 50-day moving average of $121.91. The company has a market cap of $239.12 billion, a P/E ratio of 15.24, a P/E/G ratio of 3.75 and a beta of 1.00. Chevron has a 1-year low of $100.22 and a 1-year high of $128.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 0.90.

Chevron (NYSE:CVX) last released its earnings results on Friday, April 26th. The oil and gas company reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.13. The company had revenue of $35.20 billion during the quarter, compared to the consensus estimate of $38.42 billion. Chevron had a net margin of 8.45% and a return on equity of 9.07%. The company’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 EPS. As a group, sell-side analysts expect that Chevron will post 7.45 earnings per share for the current year.

In related news, Chairman Michael K. Wirth sold 33,750 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $125.60, for a total transaction of $4,239,000.00. Following the completion of the sale, the chairman now owns 33,750 shares of the company’s stock, valued at approximately $4,239,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Enrique Hernandez, Jr. sold 2,100 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $121.75, for a total transaction of $255,675.00. Following the sale, the director now directly owns 15,689 shares of the company’s stock, valued at approximately $1,910,135.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,050 shares of company stock valued at $5,007,621. Insiders own 0.31% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Chevron by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 149,871,580 shares of the oil and gas company’s stock valued at $18,326,297,000 after purchasing an additional 1,897,503 shares during the period. Vanguard Group Inc boosted its stake in Chevron by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 149,871,580 shares of the oil and gas company’s stock valued at $18,326,297,000 after purchasing an additional 1,897,503 shares during the period. Legal & General Group Plc boosted its stake in Chevron by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 9,104,849 shares of the oil and gas company’s stock valued at $1,113,352,000 after purchasing an additional 179,653 shares during the period. Fisher Asset Management LLC boosted its stake in Chevron by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 4,755,742 shares of the oil and gas company’s stock valued at $517,377,000 after purchasing an additional 143,056 shares during the period. Finally, Rhumbline Advisers boosted its stake in Chevron by 1.1% during the 4th quarter. Rhumbline Advisers now owns 3,439,855 shares of the oil and gas company’s stock valued at $374,222,000 after purchasing an additional 36,737 shares during the period. 65.42% of the stock is owned by institutional investors and hedge funds.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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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Analyst Recommendations for Chevron (NYSE:CVX)

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