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.

Chevron Stock Down 0.1 %

CVX opened at $153.41 on Tuesday. Chevron has a 12 month low of $92.86 and a 12 month high of $182.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.11. The stock has a market cap of $301.42 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.62 and a beta of 1.15. The stock's 50 day moving average price is $153.87 and its 200 day moving average price is $155.92.

Chevron (NYSE:CVX - Get Rating) last posted its earnings results 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. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The firm had revenue of $68.76 billion for the quarter, compared to analysts' expectations of $57.69 billion. During the same period last year, the firm earned $1.71 EPS. The firm's revenue was up 82.9% compared to the same quarter last year. As a group, research analysts predict that Chevron will post 17.51 earnings per share for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 19th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Thursday, August 18th. Chevron's dividend payout ratio (DPR) is presently 37.89%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CVX. Credit Suisse Group increased their target price on Chevron from $190.00 to $202.00 and gave the company an "outperform" rating in a research note on Thursday, June 9th. Barclays increased their price target on Chevron from $183.00 to $196.00 and gave the company an "overweight" rating in a report on Tuesday, May 31st. Cowen reduced their price target on Chevron from $179.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, July 1st. Wells Fargo & Company increased their price target on Chevron from $181.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, August 1st. Finally, Bank of America increased their price target on Chevron from $178.00 to $180.00 and gave the company a "buy" rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $173.00.

Insider Activity

In related news, insider David A. Inchausti sold 5,600 shares of Chevron stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $164.85, for a total value of $923,160.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider David A. Inchausti sold 5,600 shares of Chevron stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $164.85, for a total value of $923,160.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Enrique Hernandez, Jr. sold 39,773 shares of Chevron 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 owns 22,978 shares in the company, valued at $3,997,942.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 281,643 shares of company stock worth $48,289,065. 0.32% of the stock is owned by company insiders.