Chevron (NYSE:CVX) Upgraded at DZ Bank

Chevron (NYSE:CVX - Get Free Report) was upgraded by analysts at DZ Bank from a "hold" rating to a "buy" rating in a report issued on Tuesday, Marketbeat reports. The firm presently has a $170.00 price objective on the oil and gas company's stock. DZ Bank's price objective would indicate a potential upside of 11.28% from the stock's previous close.

A number of other research analysts have also recently weighed in on CVX. Scotiabank dropped their price objective on shares of Chevron from $180.00 to $163.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. UBS Group increased their target price on Chevron from $192.00 to $194.00 and gave the stock a "buy" rating in a research report on Monday. Mizuho dropped their price target on Chevron from $205.00 to $189.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. Wells Fargo & Company reduced their price objective on Chevron from $196.00 to $169.00 and set an "overweight" rating on the stock in a research note on Friday, September 27th. Finally, Royal Bank of Canada raised their price target on shares of Chevron from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.93.

Chevron Stock Performance

Shares of NYSE:CVX traded down $1.20 on Tuesday, reaching $152.77. The company's stock had a trading volume of 3,966,493 shares, compared to its average volume of 7,639,021. The stock's 50-day moving average is $147.07 and its two-hundred day moving average is $152.91. Chevron has a 52-week low of $135.37 and a 52-week high of $167.11. The stock has a market capitalization of $279.40 billion, a P/E ratio of 16.96, a PEG ratio of 3.39 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.07%. The firm had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. During the same quarter in the previous year, the firm earned $3.05 earnings per share. The firm's revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Chevron will post 10.7 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVX. Rational Advisors LLC acquired a new position in Chevron during the 3rd quarter valued at $29,000. Anfield Capital Management LLC grew its holdings in Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 118 shares during the period. Cyrus J. Lawrence LLC raised its position in shares of Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 100 shares during the period. Livelsberger Financial Advisory acquired a new stake in shares of Chevron during the third quarter worth $47,000. Finally, Krane Funds Advisors LLC bought a new stake in shares of Chevron in the third quarter valued at about $47,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

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.