In a report released today, Neal Dingmann from Truist Financial maintained a Hold rating on Chevron (CVX – Research Report), with a price target of $166.00. The company’s shares closed yesterday at $165.45.
Dingmann covers the Energy sector, focusing on stocks such as APA, Civitas Resources, and Devon Energy. According to TipRanks, Dingmann has an average return of 14.8% and a 74.50% success rate on recommended stocks.
In addition to Truist Financial, Chevron also received a Hold from TD Cowen’s Jason Gabelman in a report issued on April 29. However, yesterday, Jefferies maintained a Buy 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 44 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:
- Berkshire says 75% of fair value concentrated in five companies
- Oil companies expand offshore drilling, bet on gas, NY Times reports
- XOM, SLB, or CVX: Which Energy Stock is the Most Attractive Pick?
- Chevron price target raised to $178 from $175 at HSBC
- Chevron price target raised to $206 from $198 at Wells Fargo
