Chevron Corporation (NYSE:CVX)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a research report issued to clients and investors on Monday. They currently have a $137.00 target price on the oil and gas company’s stock, up from their prior target price of $113.54. Jefferies Group LLC’s price objective suggests a potential upside of 20.66% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. UBS AG set a $105.00 target price on shares of Chevron Corporation and gave the company a “neutral” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered shares of Chevron Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Credit Suisse Group set a $123.00 target price on shares of Chevron Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Royal Bank Of Canada set a $100.00 target price on shares of Chevron Corporation and gave the company a “sell” rating in a report on Friday, August 18th. Finally, Wolfe Research upgraded shares of Chevron Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $119.66.

Shares of Chevron Corporation (NYSE:CVX) opened at 113.54 on Monday. The stock has a market capitalization of $215.16 billion, a P/E ratio of 36.82 and a beta of 1.24. Chevron Corporation has a 52 week low of $100.95 and a 52 week high of $120.89. The stock has a 50 day moving average price of $117.09 and a 200 day moving average price of $109.04.

Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $34.06 billion. During the same period last year, the business earned $0.68 earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. On average, equities research analysts expect that Chevron Corporation will post $4.08 EPS for the current year.

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In other news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,812 shares of company stock valued at $11,068,343. Insiders own 0.38% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Pathstone Family Office LLC grew its position in shares of Chevron Corporation by 2.5% during the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock valued at $2,170,000 after acquiring an additional 20 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in shares of Chevron Corporation during the 2nd quarter valued at $106,000. Thompson Davis & CO. Inc. grew 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. grew 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. Finally, Accurate Investment Solutions Inc. grew its position in shares of Chevron Corporation by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 502 shares during the period. 62.90% of the stock is owned by hedge funds and other 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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