Chevron - CVX Stock Forecast, Price & News

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CVX shares. Bank of America lifted their price target on Chevron from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Monday, August 1st. Societe Generale raised Chevron from a "hold" rating to a "buy" rating in a research note on Thursday, August 4th. The Goldman Sachs Group reissued a "neutral" rating and set a $172.00 price target on shares of Chevron in a research note on Thursday, August 4th. HSBC raised Chevron from a "hold" rating to a "buy" rating and cut their price objective for the stock from $183.00 to $167.00 in a research note on Wednesday, July 20th. Finally, Cowen lifted their price objective on Chevron to $168.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $173.40.

Chevron Trading Up 2.4 %

NYSE:CVX opened at $159.62 on Friday. The company has a market cap of $313.62 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 0.62 and a beta of 1.15. Chevron has a 52 week low of $92.86 and a 52 week high of $182.40. The business has a 50 day moving average price of $153.07 and a 200-day moving average price of $155.91. The company has a quick ratio of 1.11, a current ratio of 1.31 and a debt-to-equity ratio of 0.15.

Chevron (NYSE:CVX - Get Rating) last released its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 EPS for the quarter, beating the consensus estimate of $4.66 by $1.16. The firm had revenue of $68.76 billion during the quarter, compared to the consensus estimate of $57.69 billion. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The company's quarterly revenue was up 82.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.71 earnings per share. As a group, equities analysts expect that Chevron will post 17.75 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 19th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $5.68 annualized dividend and a yield of 3.56%. Chevron's dividend payout ratio (DPR) is currently 37.89%.

Insider Buying and Selling

In related news, Director Enrique Hernandez, Jr. sold 39,773 shares of the company's stock in a transaction on Monday, May 16th. The stock was sold at an average price of $173.99, for a total transaction of $6,920,104.27. Following the completion of the sale, the director now owns 22,978 shares in the company, valued at $3,997,942.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Chevron news, VP R. Hewitt Pate sold 91,300 shares of the business's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $172.34, for a total value of $15,734,642.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Enrique Hernandez, Jr. sold 39,773 shares of the business's stock in a transaction on Monday, May 16th. The stock was sold at an average price of $173.99, for a total value of $6,920,104.27. Following the completion of the transaction, the director now directly owns 22,978 shares in the company, valued at approximately $3,997,942.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 216,343 shares of company stock worth $37,384,662. 0.32% of the stock is owned by corporate insiders.