Chevron (NYSE: CVX) has recently received a number of price target changes and ratings updates:

  • 12/4/2017 – Chevron was given a new $120.00 price target on by analysts at UBS AG. They now have a “neutral” rating on the stock.
  • 12/2/2017 – Chevron was given a new $125.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 11/20/2017 – Chevron was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The second-largest U.S. oil producer have been a beneficiary of the recovery in commodity prices and robust refining profits. More importantly, Chevron was able to cover its investment and payouts with cash from operations in the most recent quarter – something investors really want right now. With crude prices firming and Chevron being one of the most oilweighted majors, the company's profits got an expected boost. Stronger refining margins also helped increase earnings. As it is, its current oil and gas development project pipeline is among the best in the industry, boasting large, multi-year projects. However, we remain worried over signs of headwind in Chevron's U.S. production. Chevron's exposure to production in the vulnerable and violence-prone regions in Nigeria poses additional risk. Hence, we advise investors to wait for a better entry point before buying shares in the oil major.”
  • 11/17/2017 – Chevron was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $129.00 price target on the stock. According to Zacks, “Chevron is one of the largest integrated energy firms in the world with an impressive business model. Importantly, during the most recent quarter, Chevron was able to cover its investment and payouts with cash from operations – something investors really want right now. With crude prices firming and Chevron being one of the most oil-weighted majors, the company's profits got an expected boost. Stronger refining margins also helped increase earnings. As it is, its current oil and gas development project pipeline is among the best in the industry, boasting large, multiyear projects. Consequently, we think Chevron offers substantial upside potential from the current price levels and view it as a preferred energy play to own now.”
  • 11/14/2017 – Chevron was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The second-largest U.S. oil producer beat Q3 expectations amid the recovery in commodity prices and robust refining profits. More importantly, Chevron was able to cover its investment and payouts with cash from operations – something investors really want right now. With crude prices firming and Chevron being one of the most oilweighted majors, the company's profits got an expected boost. Stronger refining margins also helped increase earnings. As it is, its current oil and gas development project pipeline is among the best in the industry, boasting large, multi-year projects. However, we remain worried over signs of headwind in Chevron's U.S. production. Chevron's exposure to production in the vulnerable and violence-prone regions in Nigeria poses additional risk. Hence, we advise investors to wait for a better entry point before buying shares in the oil major.”
  • 11/10/2017 – Chevron was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $131.00 price target on the stock. According to Zacks, “Following the comprehensive Q3 beat, we are upgrading our investment thesis on Chevron to a 'Buy'. The second-largest U.S. oil producer beat expectations amid the recovery in commodity prices and robust refining profits. More importantly, Chevron was able to cover its investment and payouts with cash from operations – something investors really want right now. With crude prices firming and Chevron being one of the most oil-weighted majors, the company's profits got an expected boost. Stronger refining margins also helped increase earnings. As it is, its current oil and gas development project pipeline is among the best in the industry, boasting large, multiyear projects. Consequently, we think Chevron offers substantial upside potential from the current price levels and view it as a preferred energy play to own now.”
  • 11/1/2017 – Chevron was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The second-largest U.S. oil producer beat Q3 expectations amid the recovery in commodity prices and robust refining profits. More importantly, Chevron was able to cover its investment and payouts with cash from operations – something investors really want right now. With crude prices firming and Chevron being one of the most oil-weighted majors, the company's profits got an expected boost. Stronger refining margins also helped increase earnings. As it is, its current oil and gas development project pipeline is among the best in the industry, boasting large, multi-year projects. However, we remain worried over signs of headwind in Chevron's U.S. production. Chevron's exposure to production in the vulnerable and violence-prone regions in Nigeria poses additional risk. Hence, we advise investors to wait for a better entry point before buying shares in the oil major.”
  • 10/31/2017 – Chevron was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $127.00 price target on the stock. According to Zacks, “Following the comprehensive Q3 beat, we are upgrading our investment thesis on Chevron to a 'Buy'. The second-largest U.S. oil producer beat expectations amid the recovery in commodity prices and robust refining profits. More importantly, Chevron was able to cover its investment and payouts with cash from operations – something investors really want right now. With crude prices firming and Chevron being one of the most oil-weighted majors, the company's profits got an expected boost. Stronger refining margins also helped increase earnings. As it is, its current oil and gas development project pipeline is among the best in the industry, boasting large, multi-year projects. Consequently, we think Chevron offers substantial upside potential from the current price levels and view it as a preferred energy play to own now.”
  • 10/30/2017 – Chevron had its price target raised by analysts at Citigroup Inc. from $118.00 to $128.00. They now have a “buy” rating on the stock.
  • 10/30/2017 – Chevron had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $137.00 price target on the stock, up previously from $113.54.
  • 10/27/2017 – Chevron was given a new $100.00 price target on by analysts at Royal Bank Of Canada. They now have a “sell” rating on the stock.
  • 10/23/2017 – Chevron was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 10/19/2017 – Chevron had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/19/2017 – Chevron had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $137.00 price target on the stock.
  • 10/18/2017 – Chevron had its price target raised by analysts at Morgan Stanley from $120.00 to $130.00. They now have an “overweight” rating on the stock.
  • 10/18/2017 – Chevron was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating. They now have a $130.00 price target on the stock, up previously from $120.00.
  • 10/18/2017 – Chevron was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $120.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/17/2017 – Chevron was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $135.00 price target on the stock.
  • 10/16/2017 – Chevron was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $124.92 price target on the stock.
  • 10/16/2017 – Chevron was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
  • 10/11/2017 – Chevron was upgraded by analysts at Barclays PLC to an “overweight” rating.
  • 10/10/2017 – Chevron had its price target raised by analysts at Barclays PLC from $120.00 to $130.00. They now have an “overweight” rating on the stock.

Chevron Corporation (CVX) traded down $0.45 during trading hours on Wednesday, hitting $120.39. The stock had a trading volume of 4,380,700 shares, compared to its average volume of 5,626,185. The company has a market capitalization of $229,520.33, a price-to-earnings ratio of 33.85, a PEG ratio of 3.94 and a beta of 1.21. Chevron Corporation has a 52 week low of $102.55 and a 52 week high of $122.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The business had revenue of $36.21 billion during the quarter, compared to analyst estimates of $34.06 billion. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. sell-side analysts forecast that Chevron Corporation will post 4.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.59%. Chevron’s dividend payout ratio (DPR) is presently 125.95%.

In related news, insider Pierre R. Breber sold 23,250 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the completion of the sale, the insider now directly owns 42,182 shares in the company, valued at $5,019,658. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the sale, the insider now owns 1,229 shares of the company’s stock, valued at $145,022. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock valued at $36,540,822 in the last quarter. Insiders own 0.38% of the company’s stock.

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.

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