Chevron (NYSE:CVX) was upgraded by equities research analysts at Societe Generale from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.
CVX has been the subject of several other reports. Morgan Stanley lifted their price target on shares of Chevron from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Barclays raised shares of Chevron to an “overweight” rating in a report on Wednesday, October 11th. Vetr downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target for the company. in a report on Thursday, January 11th. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a report on Friday, November 17th. Finally, TheStreet raised shares of Chevron from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $128.89.
Shares of Chevron (NYSE:CVX) traded down $6.99 during mid-day trading on Friday, reaching $118.58. 13,045,463 shares of the company traded hands, compared to its average volume of 6,505,070. Chevron has a 12-month low of $102.55 and a 12-month high of $133.88. The company has a market cap of $227,220.00, a P/E ratio of 34.52, a P/E/G ratio of 2.49 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23.
In other news, CFO Patricia E. Yarrington sold 13,143 shares of Chevron stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the completion of the sale, the chief financial officer now owns 17,981 shares in the company, valued at approximately $2,067,994.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 116,857 shares of Chevron stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $115.29, for a total transaction of $13,472,443.53. Following the sale, the chief financial officer now owns 39,506 shares of the company’s stock, valued at approximately $4,554,646.74. The disclosure for this sale can be found here. Insiders sold a total of 288,500 shares of company stock valued at $33,480,822 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.
Several large investors have recently modified their holdings of CVX. Somerset Trust Co grew its position in shares of Chevron by 3.7% during the 2nd quarter. Somerset Trust Co now owns 12,299 shares of the oil and gas company’s stock worth $1,283,000 after buying an additional 440 shares during the period. Chesley Taft & Associates LLC grew its position in shares of Chevron by 3.3% during the 2nd quarter. Chesley Taft & Associates LLC now owns 60,766 shares of the oil and gas company’s stock worth $6,340,000 after buying an additional 1,934 shares during the period. Franklin Street Advisors Inc. NC grew its holdings in Chevron by 6.3% during the second quarter. Franklin Street Advisors Inc. NC now owns 77,914 shares of the oil and gas company’s stock valued at $8,129,000 after purchasing an additional 4,617 shares during the period. Iowa State Bank grew its holdings in Chevron by 7.9% during the second quarter. Iowa State Bank now owns 40,540 shares of the oil and gas company’s stock valued at $4,230,000 after purchasing an additional 2,962 shares during the period. Finally, St. Johns Investment Management Company LLC grew its holdings in Chevron by 2.9% during the second quarter. St. Johns Investment Management Company LLC now owns 9,849 shares of the oil and gas company’s stock valued at $1,028,000 after purchasing an additional 281 shares during the period. Institutional investors own 63.98% 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.
