Chevron Corporation (NYSE:CVX)‘s stock had its “buy” rating reaffirmed by stock analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Tuesday. They presently have a $123.00 price objective on the oil and gas company’s stock, up from their prior price objective of $118.00. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential upside of 5.72% from the company’s current price.

Several other analysts have also recently weighed in on CVX. BNP Paribas cut shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and set a $100.00 price objective for the company. in a research note on Friday, May 26th. Exane BNP Paribas cut shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $105.00 to $100.00 in a research note on Friday, May 26th. ValuEngine upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. HSBC Holdings plc upgraded shares of Chevron Corporation from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $124.00 to $119.00 in a research note on Monday, June 5th. They noted that the move was a valuation call. Finally, Vetr upgraded shares of Chevron Corporation to a “strong-buy” rating and set a $117.49 price objective for the company in a research note on Thursday, June 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Chevron Corporation has a consensus rating of “Buy” and an average price target of $116.88.

Chevron Corporation (NYSE:CVX) traded up 1.00% on Tuesday, reaching $116.34. 6,187,969 shares of the company’s stock were exchanged. Chevron Corporation has a 12 month low of $97.79 and a 12 month high of $119.00. The firm’s 50-day moving average is $109.87 and its 200-day moving average is $107.14. The firm has a market cap of $220.46 billion, a PE ratio of 37.72 and a beta of 1.23.

Chevron Corporation (NYSE:CVX) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $32.77 billion. During the same quarter in the previous year, the company earned ($0.78) EPS. The business’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts forecast that Chevron Corporation will post $3.86 earnings per share for the current year.

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In related news, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the transaction, the chief financial officer now owns 43,838 shares in the company, valued at approximately $4,866,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 2,312 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold a total of 72,312 shares of company stock worth $8,008,343 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CVX. Shine Investment Advisory Services Inc. acquired a new position in shares of Chevron Corporation during the 2nd quarter valued at $106,000. Thompson Davis & CO. Inc. lifted its position in shares of Chevron Corporation by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after acquiring an additional 191 shares during the period. Winfield Associates Inc. lifted its position in shares of Chevron Corporation by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after acquiring an additional 63 shares during the period. Americafirst Capital Management LLC acquired a new position in shares of Chevron Corporation during the 1st quarter valued at $140,000. Finally, Daiwa SB Investments Ltd. lifted its position in shares of Chevron Corporation by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 1,140 shares during the period. Institutional investors own 62.74% of the company’s stock.

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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