Posted by ABMN Staff on Jan 18th, 2019 // No Comments
Chevron Co. (NYSE:CVX) – Piper Jaffray Companies cut their Q4 2018 EPS estimates for shares of Chevron in a report released on Thursday, January 17th. Piper Jaffray Companies analyst B. Fernandez now anticipates that the oil and gas company will post earnings per share of $1.96 for the quarter, down from their previous forecast of $2.
25. Piper Jaffray Companies has a “Overweight” rating on the stock.
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A number of other equities research analysts have also recently issued reports on CVX. Redburn Partners cut shares of Chevron from a “buy” rating to a “neutral” rating and dropped their price target for the company from $130.00 to $115.
00 in a research note on Wednesday, October 3rd. Goldman Sachs Group raised Chevron from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a report on Monday, October 1st.
Royal Bank of Canada set a $150.00 price objective on shares of Chevron and gave the stock a “hold” rating in a research note on Thursday, September 20th. Finally, Wells Fargo & Co cut their price objective on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $134.
Shares of NYSE CVX opened at $111.96 on Friday.
The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.01.
The stock has a market cap of $212.86 billion, a P/E ratio of 30.26 and a beta of 1.09. Chevron has a 1 year low of $100.22 and a 1 year high of $132.67.
Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.05.
Chevron had a net margin of 8.79% and a return on equity of 8.
19%. The firm had revenue of $43.99 billion during the quarter, compared to the consensus estimate of $47.17 billion. During the same period last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 21.
5% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. CKW Financial Group lifted its position in shares of Chevron by 123.
5% in the fourth quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock worth $39,000 after buying an additional 200 shares during the last quarter. Highwater Wealth Management LLC acquired a new position in Chevron in the fourth quarter valued at $51,000. Ironwood Financial llc grew its position in Chevron by 94.
2% in the 4th quarter. Ironwood Financial llc now owns 538 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 261 shares in the last quarter. Arlington Partners LLC raised its position in shares of Chevron by 237.2% during the 4th quarter.
Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 600 shares in the last quarter. Finally, Canton Hathaway LLC bought a new stake in shares of Chevron during the 3rd quarter valued at about $141,000. Hedge funds and other institutional investors own 64.57% of the company’s stock.
In other news, insider James William Johnson sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, November 29th.
The shares were sold at an average price of $118.59, for a total transaction of $1,126,605.00. Following the completion of the transaction, the insider now directly owns 9,500 shares of the company’s stock, valued at $1,126,605. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In the last 90 days, insiders have sold 19,000 shares of company stock worth $2,233,925. Corporate insiders own 0.
46% of the company’s stock.
Chevron Company Profile
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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