Barclays analyst Betty Jiang maintained a Buy rating on Chevron (CVX – Research Report) today and set a price target of $203.00. The company’s shares closed yesterday at $161.09.
Jiang covers the Energy sector, focusing on stocks such as Chevron, Diamondback, and California Resources Corp. According to TipRanks, Jiang has an average return of -2.4% and a 38.84% success rate on recommended stocks.
In addition to Barclays, Chevron also received a Buy from Mizuho Securities’s Nitin Kumar CFA in a report issued on May 13. However, on May 10, Truist Financial maintained a Hold rating on Chevron (NYSE: CVX).
Based on Chevron’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $47.18 billion and a net profit of $2.26 billion. In comparison, last year the company earned a revenue of $56.47 billion and had a net profit of $6.35 billion
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Chevron (CVX) Company Description:
Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; processing, transporting, storage, and marketing of natural gas; and a gas-to-liquids plant. The Downstream segment comprises refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The company was founded in 1906 and is headquartered in San Ramon, CA.
Read More on CVX:
- Buffett’s Berkshire Brings the Secret Stock to Light: Chubb
- Berkshire Hathaway takes new position in Chubb, exits HP Inc stake
- ISS recommends Hess holders abstain on Chevron $53B takeover, Bloomberg reports
- ISS recommends Hess shareholders abstain in Chevron merger vote, Bloomberg says
- Chevron price target raised to $205 from $200 at Mizuho
