Stock Traders Buy High Volume of Call Options on Chevron Corp. (CVX)
Chevron Corp. (NYSE:CVX) saw unusually large options trading on Wednesday. Stock traders bought 17,988 call options on the company, ARN reports. This represents an increase of 139% compared to the average volume of 7,521 call options.
A number of analysts have recently weighed in on CVX shares. Analysts at TheStreet reiterated a “buy” rating on shares of Chevron Corp. in a research note to investors on Monday. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $129.29.
Shares of Chevron Corp. (NYSE:CVX) traded down 0.51% during mid-day trading on Wednesday, hitting $116.13. The stock had a trading volume of 8,840,755 shares. Chevron Corp. has a 1-year low of $100.66 and a 1-year high of $127.83. The stock’s 50-day moving average is $121.4 and its 200-day moving average is $121.. The company has a market cap of $224.4 billion and a price-to-earnings ratio of 9.46.
Chevron Corp. (NYSE:CVX) last released its earnings data on Friday, August 2nd. The company reported $2.77 earnings per share for the quarter, missing the analysts’ consensus estimate of $3.03 by $0.26. The company had revenue of $57.37 billion for the quarter, compared to the consensus estimate of $56.12 billion. During the same quarter in the previous year, the company posted $3.66 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts expect that Chevron Corp. will post $12.13 EPS for the current fiscal year.
Chevron Corporation (NYSE:CVX) 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 fully integrated petroleum operations, chemicals operations, mining activities, power generation and energy services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.