It’s been a crucial week for Chevron Corporation (NYSE:CVX); here’s what analysts have to say.

March 21, 2018 - By Winifred Garcia

 It's been a crucial week for Chevron Corporation (NYSE:CVX); here's what analysts have to say.
Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It worsened, as 43 investors sold Chevron Corporation shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported.
Rbo Communication Limited Liability stated it has 0.53% in Chevron Corporation (NYSE:CVX). Busey Tru Communication stated it has 121,945 shares or 1.71% of all its holdings. Moreover, Texan Mngmt has 0.29% invested in Chevron Corporation (NYSE:CVX) for 3,691 shares. Prudential holds 3.69 million shares. Next Fincl Grp holds 32,934 shares or 1.09% of its portfolio. Hudson Valley Investment Advisors Adv has 1.46% invested in Chevron Corporation (NYSE:CVX) for 47,839 shares. Moneta Grp Inc Investment Advsr Limited Liability has invested 0.06% in Chevron Corporation (NYSE:CVX). Snow Limited Partnership owns 19,420 shares. Smith Chas P Pa Cpas has 219,074 shares. Mcf Advsrs Ltd Liability Corp holds 0.12% or 5,028 shares in its portfolio. Murphy Pohlad Asset invested in 7,000 shares or 0.57% of the stock. Sentinel Tru Lba holds 0.31% or 15,746 shares in its portfolio. Alpha Windward Llc has invested 0.19% of its portfolio in Chevron Corporation (NYSE:CVX). Moreover, California Public Employees Retirement Sys has 0.87% invested in Chevron Corporation (NYSE:CVX). Hirtle Callaghan And Co Ltd Liability Com holds 0.07% or 6,000 shares.

Since October 16, 2017, it had 0 insider purchases, and 1 insider sale for $3.06 million activity.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 118 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Chevron Corporation (NYSE:CVX) has “Overweight” rating given on Wednesday, October 18 by Morgan Stanley. The rating was maintained by Cowen & Co with “Buy” on Tuesday, September 19. The stock has “Buy” rating by Jefferies on Tuesday, October 3. The firm earned “Neutral” rating on Wednesday, June 21 by Macquarie Research. Citigroup upgraded Chevron Corporation (NYSE:CVX) on Wednesday, December 2 to “Buy” rating. Cowen & Co maintained the stock with “Buy” rating in Thursday, December 21 report. Cowen & Co maintained Chevron Corporation (NYSE:CVX) on Thursday, July 27 with “Buy” rating. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, March 9 report. On Tuesday, October 3 the stock rating was maintained by Wells Fargo with “Hold”. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, November 1 report. Below is a list of Chevron Corporation (NYSE:CVX) latest ratings and price target changes.

07/03/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $129 New Target: $123 Maintain
07/03/2018 Broker: DZ Bank Old Rating: Hold New Rating: Buy Upgrade
28/02/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
22/02/2018 Broker: Cowen & Co Rating: Buy New Target: $160.0 Maintain
09/02/2018 Broker: RBC Capital Markets Old Rating: Underperform New Rating: Sector Perform Old Target: $100 Upgrade
06/02/2018 Broker: Wells Fargo Rating: Buy New Target: $134.0 Upgrade
06/02/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight Old Target: $130 Upgrade
05/02/2018 Broker: Goldman Sachs Rating: Buy New Target: $142.0
05/02/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $130 New Target: $129 Maintain
05/02/2018 Broker: Piper Jaffray Rating: Buy New Target: $145.0 Maintain

The stock increased 2.55% or $2.92 during the last trading session, reaching $117.42. About 2.07M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since March 21, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum activities worldwide. The company has market cap of $224.30 billion. The firm operates in two divisions, Upstream and Downstream. It has a 24.21 P/E ratio. The Upstream segment is involved in the exploration, development, and production of natural gas and crude oil; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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