Chevron is now being monitored by the analysts at StockNews.com, who were involved in producing a report released on Thursday.
The company advised shareholders to “hold” their oil and gas stock positions and not sell any of their shares.
Chevron’s most recent quarterly earnings report (NYSE: CVX) was released on Friday, January 27th.
The quarterly profits per share for the oil and gas business came in at $4.09, which is $0.07 less than the market’s prediction, which was $4.16. Chevron successfully generated a return on equity of 23.52%, and its net margin was 14.40% during this period.
The company’s revenue for the quarter came in at $56.47 billion, which is considerably higher than the industry analysts’ projections of $53.97 billion, which were made before the release of the financial results.
The corporation reported a profit of $2.56 per share during the same period in the previous year’s financial statements. Compared to the results achieved during the same period in the previous fiscal year, the quarterly revenue showed an increase of 17.1%.
The projections of equity research analysts indicate that Chevron will earn 14.87 cents per share during the current fiscal year.
When trading started on Thursday, the price of a share of Chevron was $153.80.
The price of a share of Chevron’s stock has ranged from a high of $189.68 to a low of $132.54 over the past year. $169.57 is the company’s moving average price over the past 200 days, and $169.96 is the company’s moving average price over the last 50 days.
There is a correlation between the stock and the following indicators: the company has a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.75, and a beta value of 1.16.
The market capitalization of the company is $293.25 billion.
The ratio of total assets to current assets is 1.47; the ratio of quick assets to current assets is 1.23; and the ratio of debt to equity is 0.13.
During the most recent few months, several research analysts have referenced the stock in their commentary.
In a research report published on January 30th, Morgan Stanley lowered both their “equal weight” rating on Chevron stock and their target price, which had previously been $197.00 and was now $195.00.
Both of these changes were made. Citigroup announced that it was increasing its price objective for Chevron stock from $155.00 to $180.00 in a research report published on November 22nd.
BNP Paribas has changed their recommendation on Chevron shares to “underperform” from “neutral,” They have set their price objective for the stock at $190.00.
The findings of a study were published in a paper that was made available for public consumption on December 14th.
In a research report made available to the public on Monday, January 30th, Raymond James lowered their “outperform” rating on shares of Chevron and their price target for those shares, which had been set previously at $215.00.
The price target that Bank of America established for Chevron stock has increased from $190.00 to $191.00, as stated in a research report published on Friday, January 6th.
This was the third and final time that the company altered its prices.
The stock had been.