Chevron (NYSE:CVX) was downgraded by stock analysts at Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday, The Fly reports.
Several other analysts have also recently weighed in on CVX. Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $135.52 price target on the stock in a report on Monday, January 29th. Societe Generale raised Chevron from a “hold” rating to a “buy” rating in a report on Friday. Credit Suisse Group reissued a “neutral” rating and set a $130.00 price objective (up from $123.00) on shares of Chevron in a report on Tuesday, January 23rd. Piper Jaffray Companies reissued a “buy” rating and set a $153.00 price objective on shares of Chevron in a report on Wednesday, January 24th. Finally, Royal Bank of Canada set a $115.00 price objective on Chevron and gave the company a “sell” rating in a report on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $129.61.
Chevron (NYSE CVX) traded down $5.96 during trading hours on Monday, hitting $112.62. The company’s stock had a trading volume of 15,302,258 shares, compared to its average volume of 6,180,000. Chevron has a 1 year low of $102.55 and a 1 year high of $133.88. The stock has a market cap of $213,910.00, a PE ratio of 23.27, a P/E/G ratio of 2.29 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.
In related news, insider Pierre R. Breber sold 23,250 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 42,182 shares in the company, valued at approximately $5,019,658. The transaction 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 firm’s stock in a transaction that occurred 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 transaction, the insider now owns 1,229 shares in the company, valued at $145,022. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,500 shares of company stock worth $33,480,822. 0.38% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Jacobs & Co. CA grew its position in shares of Chevron by 2.8% in the 2nd quarter. Jacobs & Co. CA now owns 79,965 shares of the oil and gas company’s stock worth $8,342,000 after buying an additional 2,179 shares during the last quarter. Buffington Mohr McNeal lifted its stake in shares of Chevron by 18.5% in the 2nd quarter. Buffington Mohr McNeal now owns 19,491 shares of the oil and gas company’s stock valued at $2,033,000 after purchasing an additional 3,045 shares during the period. Woodstock Corp lifted its stake in shares of Chevron by 16.6% in the 2nd quarter. Woodstock Corp now owns 6,866 shares of the oil and gas company’s stock valued at $716,000 after purchasing an additional 980 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Chevron by 1.3% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 50,147 shares of the oil and gas company’s stock valued at $5,232,000 after purchasing an additional 661 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in shares of Chevron by 515.4% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 310,484 shares of the oil and gas company’s stock valued at $32,393,000 after purchasing an additional 260,030 shares during the period. Institutional investors and hedge funds own 64.06% 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.
