TD Cowen Has Lowered Expectations for Chevron (NYSE:CVX) Stock Price

Chevron (NYSE:CVX - Get Free Report) had its price objective reduced by equities research analysts at TD Cowen from $155.00 to $150.00 in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm presently has a "hold" rating on the oil and gas company's stock. TD Cowen's price objective indicates a potential upside of 8.28% from the stock's current price.

A number of other equities research analysts also recently issued reports on the company. 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. BNP Paribas lowered shares of Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Scotiabank cut shares of Chevron from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the company from $160.00 to $143.00 in a research report on Friday, April 11th. UBS Group lowered their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $164.31.

Chevron Trading Up 1.7 %

CVX stock opened at $138.53 on Monday. The firm has a fifty day moving average price of $149.76 and a 200 day moving average price of $152.57. Chevron has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The firm has a market cap of $243.90 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

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

Insider Transactions at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the sale, the vice president now directly owns 1,057 shares of the company's stock, valued at $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On Chevron

Large investors have recently modified their holdings of the business. Life Planning Partners Inc bought a new stake in Chevron during the 4th quarter valued at $25,000. IMG Wealth Management Inc. purchased a new position in Chevron in the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. purchased a new position in Chevron in the fourth quarter valued at about $29,000. 10Elms LLP bought a new position in Chevron in the fourth quarter worth about $29,000. Finally, Fairway Wealth LLC boosted its holdings in shares of Chevron by 75.9% in the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock valued at $30,000 after buying an additional 88 shares in the last quarter. 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.

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