Chevron Corporation (NYSE:CVX) had its target price lifted by analysts at Citigroup Inc. from $118.00 to $128.00 in a note issued to investors on Monday. The firm currently has a “buy” rating on the oil and gas company’s stock. Citigroup Inc.’s target price indicates a potential upside of 11.90% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. TheStreet upgraded shares of Chevron Corporation from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. BMO Capital Markets set a $120.00 target price on shares of Chevron Corporation and gave the company a “buy” rating in a research note on Sunday, July 30th. Scotiabank set a $115.00 target price on shares of Chevron Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $135.00 price target on shares of Chevron Corporation in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. Chevron Corporation currently has an average rating of “Hold” and an average target price of $120.14.

Shares of Chevron Corporation (NYSE:CVX) traded up 0.75% during mid-day trading on Monday, reaching $114.39. 7,517,830 shares of the company’s stock were exchanged. The company has a market capitalization of $216.77 billion, a PE ratio of 37.09 and a beta of 1.24. Chevron Corporation has a one year low of $100.95 and a one year high of $120.89. The company’s 50-day moving average price is $117.19 and its 200-day moving average price is $109.10.

Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The firm had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. During the same period in the previous year, the business posted $0.68 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. On average, equities analysts expect that Chevron Corporation will post $4.08 earnings per share for the current year.

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In other Chevron Corporation news, CFO Patricia E. Yarrington sold 39,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the transaction, the chief financial officer now owns 43,838 shares of the company’s stock, valued at $4,866,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares in the company, valued at approximately $3,060,000. The disclosure for this sale can be found here. Insiders sold 97,812 shares of company stock worth $11,068,343 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CVX. Harbour Capital Advisors LLC lifted its position in Chevron Corporation by 10,213.3% in the second quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock valued at $54,721,000 after buying an additional 5,653,686 shares during the last quarter. Vanguard Group Inc. lifted its position in Chevron Corporation by 2.9% in the second quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock valued at $14,567,210,000 after buying an additional 3,920,240 shares during the last quarter. Capital World Investors lifted its position in Chevron Corporation by 9.8% in the second quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock valued at $3,708,603,000 after buying an additional 3,182,250 shares during the last quarter. Janus Henderson Group PLC lifted its position in Chevron Corporation by 669.9% in the second quarter. Janus Henderson Group PLC now owns 3,230,554 shares of the oil and gas company’s stock valued at $337,050,000 after buying an additional 2,810,928 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Chevron Corporation by 1.6% in the second quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock valued at $13,007,759,000 after buying an additional 1,975,865 shares during the last quarter. 62.90% of the stock is currently owned by institutional investors.

Chevron Corporation Company Profile

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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