Piper Sandler Reaffirms Their Buy Rating on Chevron (CVX)

Piper Sandler analyst Ryan Todd maintained a Buy rating on Chevron (CVX – Research Report) today and set a price target of $204.00. The company’s shares closed yesterday at $156.40.

According to TipRanks, Todd is a 5-star analyst with an average return of 8.3% and a 58.85% success rate. Todd covers the Energy sector, focusing on stocks such as PBF Energy, Par Pacific Holdings, and HF Sinclair Corporation.

In addition to Piper Sandler, Chevron also received a Buy from Scotiabank’s Paul Cheng in a report issued on April 11. However, on April 5, Truist Financial maintained a Hold rating on Chevron (NYSE: CVX).

The company has a one-year high of $168.08 and a one-year low of $138.11. Currently, Chevron has an average volume of 8.43M.

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.