Weekly Analysts’ Ratings Updates for Chevron (CVX)

Chevron (NYSE: CVX) recently received a number of ratings updates from brokerages and research firms:

• 12/9/2024 – Chevron had its price target raised by analysts at Wells Fargo & Company from $171.00 to $188.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Chevron had its price target raised by analysts at Truist Financial Co. from $155.00 to $160.00. They now have a “hold” rating on the stock.
• 12/3/2024 – Chevron had its price target raised by analysts at UBS Group AG from $194.00 to $195.00. They now have a “buy” rating on the stock.
• 11/26/2024 – Chevron was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $185.00 price target on the stock, up previously from $145.00.
• 11/5/2024 – Chevron was upgraded by analysts at DZ Bank AG from a “hold” rating to a “buy” rating. They now have a $170.00 price target on the stock.
• 11/4/2024 – Chevron had its price target raised by analysts at Barclays PLC from $168.00 to $174.00. They now have an “overweight” rating on the stock.
• 11/4/2024 – Chevron had its price target raised by analysts at Royal Bank of Canada from $170.00 to $175.00. They now have an “outperform” rating on the stock.
• 11/4/2024 – Chevron had its price target raised by analysts at Truist Financial Co. from $150.00 to $155.00. They now have a “hold” rating on the stock.
• 11/4/2024 – Chevron had its price target raised by analysts at UBS Group AG from $192.00 to $194.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Chevron is now covered by analysts at Bank of America Co.. They set a “buy” rating and a $168.00 price target on the stock.

Chevron Trading Down 0.0 %

Shares of NYSE CVX opened at $157.07 on Wednesday. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $154.97 and a two-hundred day moving average of $152.42. The company has a market cap of $282.27 billion, a PE ratio of 17.26, a P/E/G ratio of 3.47 and a beta of 1.10.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. Chevron’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.05 EPS. As a group, equities analysts expect that Chevron Co. will post 10.54 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.15%. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Chevron

Several large investors have recently made changes to their positions in CVX. Lantz Financial LLC grew its stake in shares of Chevron by 2.7% during the 2nd quarter. Lantz Financial LLC now owns 23,334 shares of the oil and gas company’s stock worth $3,650,000 after acquiring an additional 623 shares in the last quarter. Lockerman Financial Group Inc. increased its stake in Chevron by 9.3% in the 2nd quarter. Lockerman Financial Group Inc. now owns 2,046 shares of the oil and gas company’s stock valued at $320,000 after buying an additional 174 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in Chevron by 1.0% during the 2nd quarter. 180 Wealth Advisors LLC now owns 19,175 shares of the oil and gas company’s stock worth $2,977,000 after buying an additional 182 shares in the last quarter. Arlington Financial Advisors LLC grew its holdings in shares of Chevron by 0.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 23,048 shares of the oil and gas company’s stock valued at $3,605,000 after acquiring an additional 125 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in Chevron during the second quarter worth about $265,000. Institutional investors own 72.42% of the company’s stock.

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.