Chevron’s (CVX) Neutral Rating Reiterated at BNP Paribas

Chevron (NYSE:CVX)‘s stock had its “neutral” rating reiterated by equities research analysts at BNP Paribas in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a $140.00 price target on the oil and gas company’s stock. BNP Paribas’ price target would suggest a potential upside of 3.39% from the company’s current price.

A number of other equities analysts have also commented on the company. UBS Group reduced their price objective on Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Piper Sandler decreased their price objective on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Truist Financial dropped their target price on shares of Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Raymond James decreased their price target on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, Scotiabank cut shares of Chevron from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.50.

Chevron Trading Up 0.6 %

Shares of Chevron stock opened at $135.41 on Tuesday. Chevron has a 12-month low of $132.04 and a 12-month high of $168.96. The stock has a market capitalization of $238.40 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. The company has a 50-day simple moving average of $154.30 and a 200 day simple moving average of $153.56. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter last year, the business posted $3.45 EPS. Research analysts expect that Chevron will post 10.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the sale, the vice president now owns 1,057 shares in the company, valued at $161,192.50. This represents a 89.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVX. Dover Advisors LLC lifted its holdings in shares of Chevron by 6.5% during the 1st quarter. Dover Advisors LLC now owns 15,031 shares of the oil and gas company’s stock valued at $2,515,000 after purchasing an additional 919 shares in the last quarter. CRA Financial Services LLC lifted its stake in Chevron by 4.1% in the first quarter. CRA Financial Services LLC now owns 13,970 shares of the oil and gas company’s stock valued at $2,337,000 after buying an additional 550 shares in the last quarter. Opal Wealth Advisors LLC boosted its holdings in shares of Chevron by 45.2% in the first quarter. Opal Wealth Advisors LLC now owns 2,678 shares of the oil and gas company’s stock valued at $448,000 after buying an additional 834 shares during the period. TPG Financial Advisors LLC bought a new stake in shares of Chevron during the first quarter worth $203,000. Finally, Viewpoint Investment Partners Corp acquired a new stake in shares of Chevron during the first quarter worth $519,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.