Chevron Co. (NYSE:CVX) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Chevron Co. (NYSE:CVX - Get Free Report) have been given a consensus rating of "Hold" by the seventeen research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $163.75.

Several research firms have weighed in on CVX. Barclays cut Chevron from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $171.00 to $152.00 in a report on Wednesday, April 23rd. UBS Group lowered their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. TD Cowen cut their price target on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a research note on Monday. Royal Bank of Canada restated an "outperform" rating and set a $175.00 price objective on shares of Chevron in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a research report on Monday.

Chevron Price Performance

CVX stock opened at $135.48 on Tuesday. The firm has a 50 day moving average of $149.37 and a 200-day moving average of $152.46. 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 firm has a market capitalization of $238.53 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. Chevron has a 12 month low of $132.04 and a 12 month high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The firm had revenue of $47.61 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same period in the previous year, the business earned $2.93 EPS. The business's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Chevron will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Monday, May 19th. Chevron's dividend payout ratio is presently 78.17%.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Neville Rodie & Shaw Inc. grew its position in Chevron by 2.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 62,404 shares of the oil and gas company's stock worth $9,039,000 after purchasing an additional 1,767 shares during the period. Bard Financial Services Inc. boosted its stake in shares of Chevron by 0.3% in the 4th quarter. Bard Financial Services Inc. now owns 62,735 shares of the oil and gas company's stock worth $9,087,000 after buying an additional 200 shares during the last quarter. Doliver Advisors LP grew its holdings in shares of Chevron by 0.9% in the fourth quarter. Doliver Advisors LP now owns 7,984 shares of the oil and gas company's stock worth $1,156,000 after acquiring an additional 70 shares during the period. Insight Wealth Strategies LLC increased its position in Chevron by 0.5% during the fourth quarter. Insight Wealth Strategies LLC now owns 201,015 shares of the oil and gas company's stock valued at $29,115,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida lifted its holdings in Chevron by 17.2% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 3,415 shares of the oil and gas company's stock valued at $495,000 after acquiring an additional 500 shares during the period. 72.42% of the stock is owned by 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.

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