Morgan Stanley started coverage on shares of Chevron (NYSE:CVX) in a report released on Friday, Briefing.com Automated Import reports. The brokerage issued an overweight rating and a $150.00 price objective on the oil and gas company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Mizuho reaffirmed a buy rating and set a $140.00 price objective on shares of Chevron in a research report on Wednesday, March 6th. Tudor Pickering started coverage on shares of Chevron in a research report on Friday, March 1st. They set a buy rating and a $133.00 price objective for the company. Credit Suisse Group reaffirmed a buy rating and set a $130.00 price objective on shares of Chevron in a research report on Wednesday, January 23rd. UBS Group raised shares of Chevron from a neutral rating to a buy rating and set a $112.95 price objective for the company in a research report on Friday, January 18th. Finally, Raymond James set a $135.00 target price on Chevron and gave the stock a buy rating in a research note on Thursday, December 20th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $136.20.

CVX opened at $120.14 on Friday. Chevron has a twelve month low of $100.22 and a twelve month high of $131.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.04. The stock has a market cap of $227.55 billion, a P/E ratio of 14.56, a PEG ratio of 3.79 and a beta of 1.03.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.08. Chevron had a net margin of 8.91% and a return on equity of 9.78%. The business had revenue of $42.35 billion during the quarter, compared to analysts’ expectations of $41.46 billion. During the same quarter in the prior year, the business posted $1.64 earnings per share. Chevron’s revenue was up 12.6% compared to the same quarter last year. As a group, analysts anticipate that Chevron will post 6.68 EPS for the current fiscal year.

In other news, insider Jeanette L. Ourada sold 7,200 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $116.50, for a total value of $838,800.00. Following the completion of the transaction, the insider now owns 7,200 shares of the company’s stock, valued at $838,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $124.84, for a total value of $592,990.00. Following the completion of the transaction, the insider now directly owns 4,750 shares of the company’s stock, valued at approximately $592,990. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,700 shares of company stock valued at $2,028,390. Insiders own 0.46% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CVX. CKW Financial Group increased its position in Chevron by 123.5% during the 4th quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 200 shares during the period. Portfolio Solutions LLC acquired a new stake in Chevron during the 4th quarter valued at approximately $42,000. WP Advisors LLC acquired a new stake in Chevron during the 1st quarter valued at approximately $50,000. Highwater Wealth Management LLC acquired a new stake in Chevron during the 4th quarter valued at approximately $51,000. Finally, PRW Wealth Management LLC acquired a new stake in Chevron during the 4th quarter valued at approximately $52,000. 66.07% of the stock is owned by institutional investors.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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.

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Analyst Recommendations for Chevron (NYSE:CVX)

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