Chevron Co. (NYSE:CVX) Receives $186.95 Consensus Price Target from Analysts

Shares of Chevron Co. (NYSE:CVX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eighteen ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $186.95.

Several equities analysts have recently issued reports on CVX shares. Scotiabank raised shares of Chevron from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $170.00 to $195.00 in a research note on Thursday, April 11th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Chevron in a research note on Monday, April 1st. HSBC lifted their price objective on shares of Chevron from $175.00 to $178.00 and gave the stock a "buy" rating in a research note on Tuesday, April 30th. Mizuho lifted their price objective on shares of Chevron from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Monday, May 13th. Finally, Raymond James lifted their price objective on shares of Chevron from $170.00 to $174.00 and gave the stock an "outperform" rating in a research note on Monday, April 15th.

Chevron Price Performance

Chevron stock traded down $0.27 during trading hours on Friday, hitting $152.57. 6,159,138 shares of the company traded hands, compared to its average volume of 6,205,760. The firm has a market cap of $281.18 billion, a P/E ratio of 14.04, a P/E/G ratio of 2.27 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The firm's 50-day simple moving average is $159.95 and its two-hundred day simple moving average is $153.85. Chevron has a 1-year low of $139.62 and a 1-year high of $171.70.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The firm had revenue of $48.72 billion for the quarter, compared to analysts' expectations of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. Chevron's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company earned $3.55 EPS. As a group, analysts forecast that Chevron will post 13.45 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Thursday, May 16th. Chevron's dividend payout ratio is 59.98%.

Insiders Place Their Bets

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the business's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the sale, the vice president now directly owns 477 shares of the company's stock, valued at $76,429.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the business's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the sale, the vice president now directly owns 477 shares of the company's stock, valued at $76,429.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Alana K. Knowles sold 2,800 shares of the company's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the sale, the vice president now directly owns 276 shares of the company's stock, valued at $44,184.84. The disclosure for this sale can be found here. Insiders sold 19,546 shares of company stock valued at $3,176,223 over the last ninety days. Corporate 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 the company. American Capital Advisory LLC grew its holdings in Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 125 shares during the last quarter. Bare Financial Services Inc bought a new position in shares of Chevron in the 4th quarter valued at about $27,000. Frank Rimerman Advisors LLC bought a new position in shares of Chevron in the 4th quarter valued at about $30,000. Valued Wealth Advisors LLC bought a new position in shares of Chevron in the 4th quarter valued at about $33,000. Finally, Cooksen Wealth LLC bought a new position in shares of Chevron in the 4th quarter valued at about $40,000. Institutional investors own 72.42% of the company's stock.

Chevron Company Profile

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.