Chevron Co. (NYSE:CVX) Given Consensus Recommendation of "Hold" by Analysts

Chevron Co. (NYSE:CVX) has received a consensus rating of "Hold" from 19 research firms. The average 12-month price target is $160.24, with three analysts recommending a sell, eight a hold, and eight a buy. Recent reports show various downgrades from firms like HSBC and Barclays. Chevron's stock opened at $136.43, with a market cap of $238.26 billion. The company reported $2.18 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $1.71, yielding 5.01%.

Chevron Co. (NYSE:CVX - Get Free Report) has earned an average rating of "Hold" from the nineteen research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $160.24.

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CVX has been the subject of several research reports. Hsbc Global Res cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Barclays cut shares of Chevron from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $171.00 to $152.00 in a research report on Wednesday, April 23rd. BNP Paribas cut shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 price objective for the company. in a research note on Tuesday, May 6th. Finally, Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $160.00 to $143.00 in a research note on Friday, April 11th.

Read Our Latest Analysis on CVX

Institutional Trading of Chevron

Chevron’s Fundamentals Shine Through Market Turmoil

Hedge funds have recently added to or reduced their stakes in the company. Sage Capital Advisors llc boosted its holdings in Chevron by 2.2% during the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock worth $7,097,000 after buying an additional 919 shares in the last quarter. Allianz SE purchased a new stake in Chevron during the fourth quarter worth $9,369,000. Nicholas Company Inc. boosted its holdings in Chevron by 4.3% during the fourth quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company's stock worth $11,591,000 after buying an additional 3,280 shares in the last quarter. Applied Finance Capital Management LLC boosted its holdings in Chevron by 1.6% during the fourth quarter. Applied Finance Capital Management LLC now owns 179,815 shares of the oil and gas company's stock worth $26,044,000 after buying an additional 2,755 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in Chevron by 4.5% during the fourth quarter. Cerity Partners LLC now owns 1,205,747 shares of the oil and gas company's stock worth $174,817,000 after buying an additional 52,307 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Price Performance

Shares of CVX opened at $136.43 on Friday. The company has a 50 day moving average price of $141.88 and a 200-day moving average price of $150.57. Chevron has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The stock has a market capitalization of $238.26 billion, a PE ratio of 14.04, a PEG ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

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Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The firm had revenue of $47.61 billion during the quarter, compared to analysts' expectations of $49.05 billion. During the same quarter in the prior year, the company earned $2.93 EPS. The company's revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that Chevron will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Monday, May 19th. Chevron's dividend payout ratio (DPR) is currently 78.17%.

Chevron Company Profile

(Get Free Report

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.

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