UBS set a $120.00 price target on Chevron (NYSE:CVX) in a research report report published on Monday, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the oil and gas company’s stock.

CVX has been the topic of several other research reports. Credit Suisse Group set a $123.00 target price on Chevron and gave the company a buy rating in a research report on Friday, August 25th. Barclays upgraded Chevron to an overweight rating in a research report on Wednesday, October 11th. Vetr lowered Chevron from a buy rating to a hold rating and set a $124.92 target price on the stock. in a research report on Monday, October 16th. Zacks Investment Research upgraded Chevron from a hold rating to a buy rating and set a $129.00 price target on the stock in a report on Friday, November 17th. Finally, J P Morgan Chase & Co reiterated an overweight rating on shares of Chevron in a report on Saturday, September 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $121.22.

Shares of Chevron (NYSE CVX) opened at $119.61 on Monday. Chevron has a 52-week low of $102.55 and a 52-week high of $122.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The company has a market capitalization of $228,665.63, a PE ratio of 33.72, a P/E/G ratio of 3.93 and a beta of 1.21.

Chevron (NYSE:CVX) last announced its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. research analysts forecast that Chevron will post 4.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Thursday, November 16th. Chevron’s dividend payout ratio (DPR) is presently 125.95%.

In other news, Vice Chairman Michael K. Wirth sold 1,229 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the sale, the insider now directly owns 1,229 shares of the company’s stock, valued at $145,022. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at $3,060,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 314,000 shares of company stock valued at $36,540,822. Company insiders own 0.38% of the company’s stock.

Institutional investors have recently modified their holdings of the company. HPM Partners LLC increased its position in shares of Chevron by 197.0% during the first quarter. HPM Partners LLC now owns 38,735 shares of the oil and gas company’s stock valued at $4,159,000 after acquiring an additional 25,691 shares during the last quarter. Lincoln National Corp increased its position in shares of Chevron by 33.3% during the first quarter. Lincoln National Corp now owns 82,502 shares of the oil and gas company’s stock valued at $8,859,000 after acquiring an additional 20,615 shares during the last quarter. Korea Investment CORP increased its position in shares of Chevron by 5.1% during the second quarter. Korea Investment CORP now owns 1,476,610 shares of the oil and gas company’s stock valued at $154,055,000 after acquiring an additional 72,173 shares during the last quarter. Adams Natural Resources Fund Inc. increased its position in shares of Chevron by 8.8% during the second quarter. Adams Natural Resources Fund Inc. now owns 596,800 shares of the oil and gas company’s stock valued at $62,264,000 after acquiring an additional 48,100 shares during the last quarter. Finally, Strategic Financial Group LLC increased its position in shares of Chevron by 6.0% during the first quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock valued at $964,000 after acquiring an additional 510 shares during the last quarter. 63.93% of the stock is owned by hedge funds and other institutional investors.

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About Chevron

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.

Analyst Recommendations for Chevron (NYSE:CVX)

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