Chevron (NYSE:CVX) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Thursday. They currently have a $134.35 target price on the oil and gas company’s stock. Vetr‘s target price would suggest a potential upside of 0.56% from the company’s previous close.

Other research analysts also recently issued research reports about the company. BMO Capital Markets upgraded Chevron from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $120.00 to $140.00 in a report on Thursday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Chevron in a report on Saturday, September 16th. Credit Suisse Group began coverage on Chevron in a report on Monday, December 11th. They set a “neutral” rating and a $123.00 target price on the stock. Cowen reiterated a “buy” rating and set a $122.00 target price on shares of Chevron in a report on Tuesday, September 19th. Finally, TheStreet upgraded Chevron from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $126.06.

Chevron (NYSE:CVX) traded up $1.03 on Thursday, reaching $133.60. The company’s stock had a trading volume of 7,231,723 shares, compared to its average volume of 5,560,000. The company has a market cap of $253,760.00, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21. 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 has a fifty-two week low of $102.55 and a fifty-two week high of $133.85.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating 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 quarter in the prior year, the company posted $0.68 EPS. Chevron’s quarterly revenue was up 20.1% compared to the same quarter last year. analysts anticipate that Chevron will post 4.35 earnings per share for the current fiscal year.

In other news, VP R. Hewitt Pate sold 25,500 shares of the 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 transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total value of $1,511,576.43. Following the transaction, the chief financial officer now directly owns 17,981 shares in the company, valued at $2,067,994.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 314,000 shares of company stock worth $36,540,822. Company insiders own 0.38% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CVX. Vanguard Group Inc. raised its holdings in Chevron by 2.9% during 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 acquiring an additional 3,920,240 shares during the period. BlackRock Inc. raised its holdings in Chevron by 1.6% during 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 acquiring an additional 1,975,865 shares during the period. Capital World Investors raised its holdings in Chevron by 9.8% during 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 acquiring an additional 3,182,250 shares during the period. Northern Trust Corp raised its holdings in Chevron by 0.6% during the second quarter. Northern Trust Corp now owns 26,153,161 shares of the oil and gas company’s stock valued at $2,728,558,000 after acquiring an additional 157,021 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Chevron by 0.3% during the second quarter. Franklin Resources Inc. now owns 15,609,647 shares of the oil and gas company’s stock valued at $1,628,554,000 after acquiring an additional 49,083 shares during the period. 63.80% of the stock is currently owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Chevron (NYSE:CVX)

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