TheStreet restated their buy rating on shares of Chevron Corp. (NYSE:CVX) in a report issued on Wednesday, Analyst Ratings Network.com reports.
“Chevron (CVX) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.,” the firm’s analyst commented.
A number of other analysts have also recently weighed in on CVX. Analysts at UBS AG reiterated a hold rating on shares of Chevron Corp. in a research note to investors on Monday, November 4th. They now have a $125.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Chevron Corp. from $135.00 to $140.00 in a research note to investors on Monday, November 4th. They now have an outperform rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Chevron Corp. from $140.00 to $136.00 in a research note to investors on Monday, November 4th. They now have an outperform rating on the stock. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $129.94.
Shares of Chevron Corp. (NYSE:CVX) traded up 1.01% during mid-day trading on Wednesday, hitting $123.236. 1,896,173 shares of the company’s stock traded hands. Chevron Corp. has a 52-week low of $102.76 and a 52-week high of $127.83. The stock’s 50-day moving average is $119.5 and its 200-day moving average is $121.8. The company has a market cap of $237.0 billion and a price-to-earnings ratio of 9.98.
Chevron Corp. (NYSE:CVX) last issued its quarterly earnings data on Friday, November 1st. The company reported $2.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by $0.31. The company had revenue of $58.50 billion for the quarter, compared to the consensus estimate of $58.41 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Chevron Corp. will post $11.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, November 14th.
Chevron Corporation (NYSE:CVX) 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 fully integrated petroleum operations, chemicals operations, mining activities, power generation and energy services.
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