UBS AG restated their hold rating on shares of Chevron Corp. (NYSE:CVX) in a report issued on Monday, Analyst Ratings.Net reports. They currently have a $125.00 target price on the stock.
A number of other analysts have also recently weighed in on CVX. 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. They now have an outperform rating on the stock. Separately, 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. They now have an outperform rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Chevron Corp. in a research note to investors on Monday, October 28th. They now have a $127.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Chevron Corp. currently has a consensus rating of Buy and an average price target of $129.65.
Chevron Corp. (NYSE:CVX) traded up 2.27% on Monday, hitting $121.14. 8,373,010 shares of the company’s stock traded hands. Chevron Corp. has a 52-week low of $100.66 and a 52-week high of $127.83. The stock has a 50-day moving average of $120.5 and a 200-day moving average of $121.. The company has a market cap of $234.0 billion and a price-to-earnings ratio of 9.69.
Chevron Corp. (NYSE:CVX) last posted its quarterly earnings results 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 $11.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Shareholders 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 3.30%. 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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