Research Analysis of Chevron Corporation (NYSE:CVX)


It has a 38.67 P/E ratio. The Upstream segment is involved in the exploration, development, and production of natural gas and crude oil; 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.

Spectrum Management Group Inc increased Chevron Corp New (CVX) stake by 44.02% reported in 2017Q3 SEC filing. The Destination Wealth Management holds 250,821 shares with $29.47M value, down from 255,948 last quarter. American Express Co now has $87.86 billion valuation. Jennison Ltd Com reported 2.79M shares. It also reduced Intel Corp (NASDAQ:INTC) stake by 21,311 shares and now owns 8,449 shares. It has outperformed by 5.71% the S&P500. The rating was downgraded by Wells Fargo to "Market Perform" on Wednesday, October 25. Systematic LP holds 0.15% or 62,398 shares. The 1 year EPS growth rate is -218.40%. The institutional investor held 1.19 million shares of the precious metals company at the end of 2017Q3, valued at $56.26 million, up from 617,500 at the end of the previous reported quarter.

In other news, Vice Chairman Michael K. Wirth sold 1,229 shares of Chevron stock in a transaction on Tuesday, November 7th.

In other news, CFO Patricia E. Yarrington sold 13,143 shares of the firm's stock in a transaction on Thursday, November 16th. 2,312 shares were sold by Deily Linnet F, worth $248,274 on Wednesday, August 16. Kelliher Joseph T sold $300,000 worth of stock. 88,930 shares were sold by Buckminster Douglas E., worth $8.79M. About 1.63 million shares traded.

Among 21 analysts covering The Mosaic Company (NYSE:MOS), 5 have Buy rating, 2 Sell and 14 Hold. During the last 52 weeks, the price has been as high as $16.97 and as low as $10.39. Plus, Chevron is overtaking its average 12-month price target of $129.82. According to these analysts, the Low Revenue Estimate for Chevron Corporation is 35.59 Billion and the High Revenue Estimate is 42.49 Billion. The firm has "Hold" rating given on Friday, June 9 by RBC Capital Markets.

BMO this morning upgraded the energy giant to "outperform" from "market perform" and lifted its price target to $140 from $120, citing US tax reform and higher oil prices as two reasons for the bullish note. The company was maintained on Thursday, September 24 by Jefferies. The firm has "Neutral" rating by Wedbush given on Monday, February 6. Efg Asset Mgmt (Americas) holds 18,595 shares. The firm has "Buy" rating given on Tuesday, November 3 by Evercore.

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Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.18, from 1.33 in 2017Q2. It fall, as 43 investors sold Chevron Corporation shares while 696 reduced holdings.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Company insiders own 0.38% of the company's stock. Mai Capital holds 0.41% or 57,144 shares. Vanguard Group Inc. grew its holdings in shares of Chevron by 2.9% during the 2nd quarter. Rampart Investment Lc reported 0.93% stake. 16,416 were reported by Wharton Business Gru Limited Liability Company. Natl Pension accumulated 642,020 shares. About 4.42M shares traded. Saratoga Rech And Inv Mngmt invested 0.02% in The Mosaic Company (NYSE:MOS). Personal Capital Advisors Corp's holdings in Chevron were worth $33,096,000 at the end of the most recent reporting period. Amalgamated Savings Bank reported 0.74% stake. Matrix Asset Advsrs Inc reported 145,911 shares.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 21 have Buy rating, 1 Sell and 12 Hold. Deschutes Portfolio Strategy LLC increased its holdings in shares of Chevron by 0.5% in the second quarter.

Marathon Trading Investment Management LLC purchased a new stake in Chevron Co. Ishares Tr (IUSB) was raised too.

Chevron Corporation (CVX) will report its next earnings on Jan 26 BMO. They expect $1.19 earnings per share, up 440.91% or $0.97 from last year's $0.22 per share. CVX's profit will be $2.26 billion for 27.91 P/E if the $1.19 EPS becomes a reality. Ampco-Pittsburgh Corporation (NYSE:AP) has risen 14.29% since January 10, 2017 and is uptrending. (NYSE:HBI). Welch Forbes Ltd Liability holds 0.02% or 24,450 shares in its portfolio. American Investment Services Inc. owns 207,678 shares or 9.34% of their United States portfolio. Susquehanna International Group Llp who had been investing in Rio Tinto Plc (Put) for a number of months, seems to be bullish on the $92.84B market cap company. Compton Mngmt Ri invested in 1.1% or 20,933 shares. Ivory Investment Management Llc, a California-based fund reported 3.13 million shares. Conclusions from the analysis of the editorial shall not depict the position of any analysts or financial professionals. (The) raised shares of Chevron Corporation to a "buy" rating in a research report on Sunday, December 18th. FEYE was included in 8 notes of analysts from October 24, 2016. The rating was downgraded by HSBC to "Reduce" on Monday, May 23. The rating was maintained by Morgan Stanley with "Overweight" on Monday, November 13. Moreover, City has 1.07% invested in Chevron Corporation (NYSE:CVX) for 27,269 shares. Goldman Sachs Group reaffirmed a "buy" rating and issued a $123.00 price objective (up from $118.00) on shares of Chevron in a research note on Tuesday, September 19th. Independent Research upgraded the shares of CVX in report on Thursday, December 1 to "Buy" rating.

The stock increased 3.25% or $4.1871 during the last trading session, reaching $132.8471. The shares were sold at an average price of $110.00, for a total value of $1,100,000.00. (NYSE:TRV) has risen 9.71% since January 11, 2017 and is uptrending. While talking about Performance of the Stock, Chevron Corporation now has a Weekly performance of 0.2%, monthly performance percentage is 6.86 percent, Quarterly performance is 8.61 percent, 6 months performance shows a percent value of 23.97% and Yearly Performance is 10.36 percent.