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

Several brokerages recently issued reports on CVX. Morgan Stanley boosted their price target on Chevron from $185.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 19th. The Goldman Sachs Group reiterated a "neutral" rating and set a $172.00 price target on shares of Chevron in a report on Thursday, August 4th. HSBC raised shares of Chevron from a "hold" rating to a "buy" rating and dropped their price target for the company from $183.00 to $167.00 in a research report on Wednesday, July 20th. Bank of America raised their price target on shares of Chevron from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Monday, August 1st. Finally, Barclays lifted their price objective on shares of Chevron from $183.00 to $196.00 and gave the company an "overweight" rating in a research note on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $173.40.

Chevron Price Performance

NYSE:CVX opened at $155.82 on Thursday. The firm has a market cap of $306.16 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.15. The company has a current ratio of 1.31, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The company's 50-day moving average is $153.48 and its two-hundred day moving average is $155.91. Chevron has a 12-month low of $92.86 and a 12-month high of $182.40.

Chevron (NYSE:CVX - Get Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping analysts' consensus estimates of $4.66 by $1.16. The firm had revenue of $68.76 billion during the quarter, compared to analysts' expectations of $57.69 billion. Chevron had a return on equity of 19.73% and a net margin of 13.45%. Chevron's quarterly revenue was up 82.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 EPS. Research analysts expect that Chevron will post 17.51 EPS for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 19th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, August 18th. Chevron's dividend payout ratio (DPR) is 37.89%.

Insider Buying and Selling

In related news, Director Wanda M. Austin sold 12,039 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $177.29, for a total value of $2,134,394.31. Following the completion of the transaction, the director now owns 3,543 shares in the company, valued at approximately $628,138.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Wanda M. Austin sold 11,432 shares of Chevron stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the sale, the director now owns 3,560 shares of the company's stock, valued at approximately $574,762. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wanda M. Austin sold 12,039 shares of the business's stock in a transaction on Friday, May 27th. The shares were sold at an average price of $177.29, for a total value of $2,134,394.31. Following the completion of the sale, the director now directly owns 3,543 shares in the company, valued at approximately $628,138.47. The disclosure for this sale can be found here. Insiders have sold a total of 276,043 shares of company stock valued at $47,365,905 over the last three months. Company insiders own 0.32% of the company's stock.