Research analysts at Mizuho began coverage on shares of Chevron (NYSE:CVX) in a research note issued to investors on Tuesday, FinViz reports. The brokerage set a “buy” rating and a $107.00 price target on the oil and gas company’s stock. Mizuho’s price target would indicate a potential upside of 14.75% from the stock’s current price.

CVX has been the subject of several other research reports. Smith Barney Citigroup lifted their target price on Chevron from $69.00 to $90.00 in a research report on Wednesday, December 9th. Scotiabank lowered shares of Chevron from a “sector outperform” rating to a “sector perform” rating and set a $95.00 target price for the company. in a research note on Wednesday, September 23rd. Zacks Investment Research upgraded shares of Chevron from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a research report on Tuesday, December 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $97.00 price target on shares of Chevron in a report on Tuesday, October 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $95.00 price objective on shares of Chevron in a research note on Tuesday, November 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $103.28.

CVX stock opened at $93.25 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $89.04 and a 200-day simple moving average of $83.07. The company has a market capitalization of $174.13 billion, a P/E ratio of -15.19, a PEG ratio of 6.13 and a beta of 1.33. Chevron has a twelve month low of $51.60 and a twelve month high of $117.29.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Wednesday, November 4th. The oil and gas company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.38. The company had revenue of $24.45 billion during the quarter, compared to analyst estimates of $26.34 billion. Chevron had a negative net margin of 10.86% and a positive return on equity of 1.75%. The firm’s revenue for the quarter was down 32.3% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. On average, research analysts predict that Chevron will post -0.09 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CVX. Demars Financial Group LLC purchased a new position in Chevron during the 2nd quarter worth approximately $32,000. BNC Wealth Management LLC purchased a new position in shares of Chevron during the third quarter valued at $33,000. Kathmere Capital Management LLC purchased a new position in shares of Chevron during the third quarter valued at $33,000. Evolution Wealth Advisors LLC lifted its stake in Chevron by 136.4% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 636 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 367 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its stake in Chevron by 36.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 756 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 62.27% of the company’s stock.

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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