Chevron Corp. Target of Unusually High Options Trading (CVX)
Chevron Corp. (NYSE:CVX) was the recipient of some unusual options trading on Thursday. Traders bought 8,020 put options on the company, ARN reports. This represents an increase of 121% compared to the average daily volume of 3,632 put options.
CVX has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Chevron Corp. in a research note to investors on Tuesday, December 24th. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Chevron Corp. from $127.00 to $140.00 in a research note to investors on Monday, December 16th. Finally, analysts at RBC Capital initiated coverage on shares of Chevron Corp. in a research note to investors on Thursday, December 12th. They set a “sector perform” rating and a $120.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $130.37.
Shares of Chevron Corp. (NYSE:CVX) opened at 124.14 on Friday. Chevron Corp. has a 1-year low of $109.10 and a 1-year high of $127.83. The stock’s 50-day moving average is $122.4 and its 200-day moving average is $121.6. The company has a market cap of $238.7 billion and a P/E ratio of 10.15.
Chevron Corp. (NYSE:CVX) last released its earnings data on Friday, November 1st. The company reported $2.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by $0.31. The company had revenue of $58.50 billion for the quarter, compared to the consensus estimate of $58.41 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Chevron Corp. will post $11.45 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.
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