Equities researchers at RBC Capital began coverage on shares of Chevron Corp. (NYSE:CVX) in a research report issued on Thursday, AnalystRatings.NET reports. The firm set a “sector perform” rating on the stock.
Chevron Corp. (NYSE:CVX) traded down 0.91% during mid-day trading on Thursday, hitting $120.99. The stock had a trading volume of 7,221,095 shares. Chevron Corp. has a 52-week low of $105.75 and a 52-week high of $127.83. The stock’s 50-day moving average is $121.2 and its 200-day moving average is $121.6. The company has a market cap of $232.7 billion and a P/E ratio of 9.99.
Chevron Corp. (NYSE:CVX) last announced its 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 last year, the company posted $2.69 earnings per share. Chevron Corp.’s revenue was up .8% compared to the same quarter last year. Analysts expect that Chevron Corp. will post $11.44 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CVX. Analysts at HSBC initiated coverage on shares of Chevron Corp. in a research note to investors on Friday, December 6th. They set an “overweight” rating and a $138.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Chevron Corp. in a research note to investors on Tuesday, December 3rd. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Chevron Corp. in a research note to investors on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $130.41.
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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