Chevron Corporation (NYSE:CVX)‘s stock had its “overweight” rating reaffirmed by J P Morgan Chase & Co in a research note issued on Saturday.

Several other analysts have also recently commented on CVX. Scotiabank reissued a “buy” rating on shares of Chevron Corporation in a research note on Friday. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. Jefferies Group LLC set a $135.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, BNP Paribas raised shares of Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target on the stock in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Chevron Corporation has an average rating of “Buy” and a consensus price target of $116.40.

Shares of Chevron Corporation (NYSE CVX) opened at 114.63 on Friday. The company has a market cap of $217.22 billion, a PE ratio of 37.17 and a beta of 1.23. The company’s 50-day moving average price is $109.46 and its 200 day moving average price is $107.20. Chevron Corporation has a one year low of $97.68 and a one year high of $119.00.

Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. During the same period in the prior year, the firm earned ($0.78) earnings per share. Chevron Corporation’s revenue was up 17.8% compared to the same quarter last year. Equities analysts forecast that Chevron Corporation will post $3.86 EPS for the current fiscal year.

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In other news, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total transaction of $248,262.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James William Johnson sold 31,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the sale, the insider now directly owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The disclosure for this sale can be found here. Insiders have sold 72,312 shares of company stock valued at $8,008,343 in the last three months. 0.38% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of CVX. Trust Co. of Oklahoma increased its position in shares of Chevron Corporation by 4.6% during the first quarter. Trust Co. of Oklahoma now owns 23,281 shares of the oil and gas company’s stock worth $2,500,000 after acquiring an additional 1,027 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of Chevron Corporation by 9.4% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,591 shares of the oil and gas company’s stock worth $1,352,000 after acquiring an additional 1,083 shares in the last quarter. Forte Capital LLC ADV increased its position in shares of Chevron Corporation by 5.5% during the first quarter. Forte Capital LLC ADV now owns 5,908 shares of the oil and gas company’s stock worth $634,000 after acquiring an additional 308 shares in the last quarter. Chesley Taft & Associates LLC increased its position in shares of Chevron Corporation by 0.7% during the first quarter. Chesley Taft & Associates LLC now owns 58,832 shares of the oil and gas company’s stock worth $6,317,000 after acquiring an additional 410 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in shares of Chevron Corporation by 2.3% during the first quarter. Gulf International Bank UK Ltd now owns 589,765 shares of the oil and gas company’s stock worth $63,323,000 after acquiring an additional 13,400 shares in the last quarter. 62.84% of the stock is owned by institutional investors.

About Chevron Corporation

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 Corporation (NYSE:CVX)

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