Chevron Corp. (CVX) Sets New 12-Month High at $107.58
Chevron Corp. (NYSE:CVX) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $107.58 and last traded at $106.85, with a volume of 2,269,008 shares traded. The stock had previously closed at $106.65.
CVX has been the subject of several analyst reports. Simmons boosted their price target on Chevron Corp. to $84.00 in a report on Friday, March 25th. Citigroup Inc. reiterated an “outperform” rating on shares of Chevron Corp. in a report on Friday, April 1st. Vetr upgraded Chevron Corp. from a “hold” rating to a “buy” rating and set a $99.90 price target for the company in a report on Thursday, March 31st. Goldman Sachs Group Inc. boosted their price target on Chevron Corp. from $94.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, March 18th. Finally, Raymond James Financial Inc. downgraded Chevron Corp. from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 22nd. Fourteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $97.66.
The company’s 50 day moving average is $102.68 and its 200 day moving average is $94.70. The stock has a market cap of $200.80 billion and a P/E ratio of 154.18.
Chevron Corp. (NYSE:CVX) last posted its earnings results on Friday, April 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.29. During the same quarter in the previous year, the firm earned $1.37 EPS. The company had revenue of $23.53 billion for the quarter, compared to analyst estimates of $21.47 billion. The company’s revenue was down 31.9% compared to the same quarter last year. Equities research analysts forecast that Chevron Corp. will post $1.31 EPS for the current fiscal year.
In related news, Director Linnet F. Deily sold 869 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $103.27, for a total value of $89,741.63. Following the transaction, the director now directly owns 25,279 shares in the company, valued at approximately $2,610,562.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
A number of hedge funds and institutional investors have recently bought and sold shares of the stock. First United Bank Trust raised its position in Chevron Corp. by 2.1% in the fourth quarter. First United Bank Trust now owns 17,344 shares of the company’s stock worth $1,560,000 after buying an additional 353 shares during the last quarter. Texan Capital Management raised its position in Chevron Corp. by 1.8% in the fourth quarter. Texan Capital Management now owns 13,160 shares of the company’s stock worth $1,184,000 after buying an additional 229 shares during the last quarter. Diversified Trust Co raised its position in Chevron Corp. by 20.4% in the fourth quarter. Diversified Trust Co now owns 55,160 shares of the company’s stock worth $4,962,000 after buying an additional 9,357 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in Chevron Corp. by 1.0% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 27,784 shares of the company’s stock worth $2,499,000 after buying an additional 266 shares during the last quarter. Finally, James Investment Research Inc. raised its stake in Chevron Corp. by 51.1% in the fourth quarter. James Investment Research Inc. now owns 353,508 shares of the company’s stock valued at $31,801,000 after buying an additional 119,480 shares in the last quarter.
Chevron Corporation (Chevron) 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 integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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