TheStreet reiterated their buy rating on shares of Chevron Corp. (NYSE:CVX) in a research report released on Tuesday morning, StockRatingsNetwork 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.,” TheStreet’s analyst commented.
A number of other firms have also recently commented 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $129.94.
Shares of Chevron Corp. (NYSE:CVX) traded down 0.92% during mid-day trading on Tuesday, hitting $121.39. 2,433,694 shares of the company’s stock traded hands. Chevron Corp. has a one year low of $104.00 and a one year high of $127.83. The stock’s 50-day moving average is $120.7 and its 200-day moving average is $121.7. The company has a market cap of $233.5 billion and a price-to-earnings ratio of 10.02.
Chevron Corp. (NYSE:CVX) last announced its earnings results on Friday, November 1st. The company reported $2.57 earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that Chevron Corp. will post $11.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend 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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