Chevron (NYSE:CVX) received a $125.00 price target from investment analysts at Bank of America in a research note issued on Saturday. The firm currently has a “buy” rating on the oil and gas company’s stock. Bank of America’s price objective would suggest a potential upside of 4.59% from the company’s current price.

Several other research analysts have also weighed in on CVX. BNP Paribas raised shares of Chevron from an “underperform” rating to a “neutral” rating and set a $105.00 target price for the company in a research note on Monday, August 7th. Royal Bank Of Canada set a $100.00 target price on shares of Chevron and gave the stock a “sell” rating in a research note on Friday, August 18th. Jefferies Group reissued a “buy” rating and issued a $135.00 price objective on shares of Chevron in a research note on Wednesday, August 23rd. Credit Suisse Group set a $123.00 price objective on shares of Chevron and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Piper Jaffray Companies set a $119.00 price objective on shares of Chevron and gave the company a “buy” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. Chevron presently has an average rating of “Hold” and a consensus price target of $120.54.

Shares of Chevron (NYSE CVX) opened at $119.51 on Friday. Chevron has a 12-month low of $102.55 and a 12-month high of $120.89. The stock has a market cap of $226,994.19, a PE ratio of 33.48, a P/E/G ratio of 3.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. Chevron’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business earned $0.68 earnings per share. analysts predict that Chevron will post 4.39 EPS for the current year.

In other Chevron news, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total transaction of $145,022.00. Following the sale, the insider now directly owns 1,229 shares in the company, valued at approximately $145,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the sale, the vice president now owns 25,500 shares in the company, valued at $3,060,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 290,750 shares of company stock worth $33,774,072. 0.38% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Baker Avenue Asset Management boosted its holdings in Chevron by 13.9% in the 3rd quarter. Baker Avenue Asset Management now owns 3,455 shares of the oil and gas company’s stock worth $273,000 after acquiring an additional 422 shares during the period. Crow Point Partners boosted its holdings in Chevron by 210.2% in the 3rd quarter. Crow Point Partners now owns 3,490 shares of the oil and gas company’s stock worth $275,000 after acquiring an additional 2,365 shares during the period. Eagle Asset Management boosted its holdings in Chevron by 102.5% in the 3rd quarter. Eagle Asset Management now owns 1,211,566 shares of the oil and gas company’s stock worth $95,568,000 after acquiring an additional 613,211 shares during the period. Chelsea Counsel Company boosted its holdings in Chevron by 62.5% in the 3rd quarter. Chelsea Counsel Company now owns 91,377 shares of the oil and gas company’s stock worth $7,208,000 after acquiring an additional 35,146 shares during the period. Finally, Beacon Financial Group boosted its holdings in Chevron by 7.1% in the 4th quarter. Beacon Financial Group now owns 71,912 shares of the oil and gas company’s stock worth $6,478,000 after acquiring an additional 4,793 shares during the period. Institutional investors own 63.93% of the company’s stock.

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Chevron 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 (NYSE:CVX)

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