Chevron Co. (NYSE:CVX) gapped down before the market opened on Monday . The stock had previously closed at $117.94, but opened at $119.76. Chevron shares last traded at $120.02, with a volume of 652408 shares.
Several equities research analysts recently issued reports on CVX shares. Tudor Pickering began coverage on shares of Chevron in a research report on Friday, March 1st. They issued a “buy” rating and a $133.00 target price on the stock. Credit Suisse Group restated a “buy” rating and issued a $130.00 price target on shares of Chevron in a report on Wednesday, January 23rd. Cowen restated an “outperform” rating and issued a $140.00 price target (down previously from $160.00) on shares of Chevron in a report on Thursday, February 28th. Bank of America upgraded shares of Chevron from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Friday. Finally, Citigroup raised their price target on shares of Chevron from $135.00 to $142.00 and gave the company a “buy” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Chevron presently has an average rating of “Buy” and a consensus target price of $136.20.
The company has a market cap of $227.55 billion, a PE ratio of 14.56, a P/E/G ratio of 3.79 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.04 and a current ratio of 1.25.
In related news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $124.84, for a total value of $592,990.00. Following the completion of the sale, the insider now owns 4,750 shares in the company, valued at $592,990. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeanette L. Ourada sold 7,200 shares of Chevron stock in a transaction on Monday, February 4th. The stock was sold at an average price of $116.50, for a total transaction of $838,800.00. Following the completion of the sale, the insider now owns 7,200 shares of the company’s stock, valued at approximately $838,800. The disclosure for this sale can be found here. Insiders have sold 16,700 shares of company stock worth $1,964,740 in the last quarter. Insiders own 0.46% of the company’s stock.
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Chevron by 1.3% during the third quarter. Vanguard Group Inc. now owns 149,871,580 shares of the oil and gas company’s stock valued at $18,326,297,000 after acquiring an additional 1,897,503 shares during the period. Vanguard Group Inc lifted its holdings in Chevron by 1.3% in the third quarter. Vanguard Group Inc now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after purchasing an additional 1,897,503 shares during the period. BlackRock Inc. lifted its holdings in Chevron by 5.2% in the fourth quarter. BlackRock Inc. now owns 127,839,017 shares of the oil and gas company’s stock worth $13,907,606,000 after purchasing an additional 6,328,133 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Chevron by 10,867.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 55,998,891 shares of the oil and gas company’s stock worth $515,000 after purchasing an additional 55,488,319 shares during the period. Finally, Northern Trust Corp lifted its holdings in Chevron by 2.2% in the fourth quarter. Northern Trust Corp now owns 26,710,573 shares of the oil and gas company’s stock worth $2,905,842,000 after purchasing an additional 563,450 shares during the period. Institutional investors and hedge funds own 66.07% of the company’s stock.
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Chevron Company Profile (NYSE:CVX)
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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