RBC Capital Markets Issues Price Target With 5.68% Upside On Chevron Corporation
- Author: Arturo Norris Mar 31, 2017,
Mar 31, 2017, 2:39
The Average Volume (3 months) is 6.54 Million.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. During the same quarter a year ago, the business posted ($0.31) earnings per share. Eagle Mgmt Ltd Liability Company holds 1,856 shares or 0.14% of its portfolio.
In other news, insider Pierre R. Breber sold 45,000 shares of Chevron stock in a transaction dated Thursday, February 2nd. Winfield Associates Inc. boosted its stake in shares of Chevron by 1.5% in the third quarter. The day began at US$52.27 but the price moved to US$52.05 at one point during the trading and finally capitulating to a session high of US$52.64. Alpha Windward LLC increased its stake in Chevron by 0.5% in the third quarter. Bollard Group LLC now owns 93,846 shares of the company's stock worth $9,659,000 after buying an additional 3,932 shares during the period. State Street Corp increased its stake in Chevron by 3.3% in the fourth quarter. The company has a 1 Year high price target of $127.36.
Shares of Chevron Co. The stock's market cap is $202.88 billion. The firm has a 50 day moving average price of $110.37 and a 200 day moving average price of $109.39. The stock appeared $117.87 above its 52-week highs and is down -0.30% for the last five trades.
Comparatively, Chevron Corporation posted earnings of $1.34 per share in the same quarter a year ago. The difference between Actual EPS and Estimated EPS was -0.43 Percent. The Return on Equity (ROE) value stands at -0.3%. The firm earned $31.50 billion during the quarter, compared to analyst estimates of $35.24 billion. Chevron's revenue was up 7.7% compared to the same quarter past year.
Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 6.04 in total earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th.
The number of shares now held by investors is 1.89 Billion. As per Tuesday, February 14, the company rating was initiated by KeyBanc Capital Markets. It has a dividend yield of 4.00%. Chevron's dividend payout ratio is presently -1,600.00%. Atria Lc owns 2,855 shares. "(CVX) Acquired by Bayesian Capital Management LP" was first published by Community Financial News and is the property of of Community Financial News. The correct version of this article can be viewed at https://www.com-unik.info/2017/03/30/2510-shares-in-chevron-co-cvx-acquired-by-bayesian-capital-management-lp.html. Ratings scales are not uniform across Wall Street, so some of the posted recommendations are interpretations of analyst's actual terminology. The firm now has a buy rating on the stock. They expect $1.15 earnings per share, up 19.79% or $0.19 from last year's $0.96 per share. Royal Bank of Canada reaffirmed a "hold" rating and set a $114.00 target price on shares of Chevron in a report on Thursday, March 23rd. The stock of Chevron Corporation (NYSE:CVX) has "Buy" rating given on Thursday, December 1 by Independent Research. Finally, Credit Suisse Group AG reiterated a "hold" rating on shares of Chevron in a report on Friday, March 3rd.
Several sell side analysts reviewed their recommendations on Chevron Corporation (CVX) where 6 analyst have rated the stock as Strong Buy, 12 analysts said it's a Buy, 8 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. Macquarie Upgrades the stock to Outperform on 12/15/16 by stationing a price target of $130. The brokerage now has $119.27 price objective on the stock.
Chevron Corporation manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and worldwide subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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