Raymond James Increases Chevron (NYSE:CVX) Price Target to $174.00

Chevron (NYSE:CVX - Get Free Report) had its price objective boosted by analysts at Raymond James from $170.00 to $174.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the oil and gas company's stock. Raymond James' price objective indicates a potential upside of 10.41% from the company's current price.

A number of other research firms have also recently commented on CVX. Jefferies Financial Group raised shares of Chevron from a "hold" rating to a "buy" rating and set a $184.00 price objective for the company in a research report on Monday, January 8th. Piper Sandler reduced their price objective on shares of Chevron from $188.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, March 14th. Barclays started coverage on shares of Chevron in a research report on Wednesday, April 10th. They set an "overweight" rating and a $203.00 price objective for the company. DZ Bank cut shares of Chevron from a "buy" rating to a "hold" rating and set a $160.00 price objective for the company. in a research report on Tuesday, February 6th. Finally, UBS Group lifted their target price on Chevron from $185.00 to $197.00 and gave the stock a "buy" rating in a report on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $183.55.

Chevron Stock Down 0.9 %

Shares of NYSE:CVX traded down $1.37 during midday trading on Monday, hitting $157.59. The stock had a trading volume of 6,892,941 shares, compared to its average volume of 8,644,256. Chevron has a 12 month low of $139.62 and a 12 month high of $172.54. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $155.03 and its 200-day simple moving average is $151.92. The company has a market cap of $292.69 billion, a P/E ratio of 13.87, a PEG ratio of 2.40 and a beta of 1.12.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The business had revenue of $47.18 billion during the quarter, compared to analysts' expectations of $50.93 billion. During the same period last year, the business earned $4.09 earnings per share. The firm's revenue was down 16.5% on a year-over-year basis. On average, sell-side analysts forecast that Chevron will post 13.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the transaction, the vice president now owns 276 shares in the company, valued at $44,184.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.

Institutional Trading of Chevron

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janiczek Wealth Management LLC grew its holdings in shares of Chevron by 3.1% during the first quarter. Janiczek Wealth Management LLC now owns 4,248 shares of the oil and gas company's stock worth $670,000 after purchasing an additional 127 shares during the last quarter. Cumberland Advisors Inc. bought a new stake in shares of Chevron during the first quarter worth about $203,000. Exeter Financial LLC grew its holdings in shares of Chevron by 2.1% during the first quarter. Exeter Financial LLC now owns 25,853 shares of the oil and gas company's stock worth $4,154,000 after purchasing an additional 527 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Chevron by 7.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 24,349 shares of the oil and gas company's stock worth $3,841,000 after purchasing an additional 1,736 shares during the last quarter. Finally, S.A. Mason LLC grew its holdings in shares of Chevron by 5.2% during the first quarter. S.A. Mason LLC now owns 8,574 shares of the oil and gas company's stock worth $1,352,000 after purchasing an additional 422 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

About Chevron

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.