Chevron Corp. (NYSE:CVX)‘s stock had its “equal weight” rating restated by investment analysts at Barclays PLC in a research note issued to investors on Monday. They currently have a $125.00 target price on the stock. Barclays PLC’s target price would suggest a potential upside of 20.22% from the company’s previous close.

Several other brokerages also recently weighed in on CVX. Vetr downgraded Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target on the stock. in a research report on Monday, June 27th. Zacks Investment Research raised Chevron Corp. from a “hold” rating to a “strong-buy” rating and set a $118.00 price target on the stock in a research report on Monday, October 3rd. Jefferies Group reaffirmed a “buy” rating on shares of Chevron Corp. in a research report on Friday, August 5th. Simmons raised Chevron Corp. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $110.00 to $117.00 in a research report on Tuesday, August 9th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Chevron Corp. in a research report on Tuesday, September 6th. Thirteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $105.39.

Analyst Recommendations for Chevron Corp. (NYSE:CVX)

Shares of Chevron Corp. (NYSE:CVX) traded up 1.67% during midday trading on Monday, hitting $103.98. The stock had a trading volume of 5,982,741 shares. Chevron Corp. has a 52-week low of $75.33 and a 52-week high of $107.58. The stock’s market cap is $196.16 billion. The firm has a 50 day moving average price of $101.02 and a 200-day moving average price of $101.21.

Chevron Corp. (NYSE:CVX) last announced its quarterly earnings results on Friday, July 29th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of $0.32 by $1.10. The company had revenue of $29.28 billion for the quarter, compared to analyst estimates of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. Chevron Corp.’s revenue for the quarter was down 27.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. Equities analysts predict that Chevron Corp. will post $1.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were paid a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $4.28 annualized dividend and a dividend yield of 4.12%. Chevron Corp.’s dividend payout ratio (DPR) is -1,097.44%.

In other Chevron Corp. news, insider Michael K. Wirth sold 125,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $100.47, for a total value of $12,558,750.00. Following the completion of the transaction, the insider now owns 4,222 shares in the company, valued at $424,184.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeanette L. Ourada sold 7,000 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $101.70, for a total transaction of $711,900.00. Following the completion of the transaction, the insider now owns 7,535 shares of the company’s stock, valued at approximately $766,309.50. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. First Commonwealth Financial Corp PA increased its position in Chevron Corp. by 0.3% in the second quarter. First Commonwealth Financial Corp PA now owns 4,243 shares of the company’s stock valued at $444,000 after buying an additional 12 shares during the period. Univest Corp of Pennsylvania boosted its stake in Chevron Corp. by 0.3% in the second quarter. Univest Corp of Pennsylvania now owns 4,941 shares of the company’s stock valued at $518,000 after buying an additional 14 shares during the period. Barry Investment Advisors LLC boosted its stake in Chevron Corp. by 0.6% in the second quarter. Barry Investment Advisors LLC now owns 2,699 shares of the company’s stock valued at $283,000 after buying an additional 17 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in Chevron Corp. by 1.1% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,189 shares of the company’s stock valued at $229,000 after buying an additional 23 shares during the period. Finally, Alpha Windward LLC boosted its stake in Chevron Corp. by 0.9% in the second quarter. Alpha Windward LLC now owns 2,715 shares of the company’s stock valued at $285,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 62.24% of the company’s stock.

Chevron Corp. Company Profile

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

5 Day Chart for NYSE:CVX

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