Chevron (NYSE:CVX) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, The Fly reports.

CVX has been the topic of several other reports. Raymond James set a $135.00 price target on shares of Chevron and gave the stock a “buy” rating in a report on Thursday, December 20th. Royal Bank of Canada reiterated a “hold” rating and issued a $130.00 target price on shares of Chevron in a research note on Monday, January 7th. Zacks Investment Research cut shares of Chevron from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Goldman Sachs Group upgraded shares of Chevron from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, October 2nd. Finally, Bank of America reiterated a “neutral” rating and issued a $140.00 target price (up from $135.00) on shares of Chevron in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Chevron has a consensus rating of “Buy” and a consensus price target of $135.59.

Chevron stock opened at $112.54 on Monday. Chevron has a fifty-two week low of $100.22 and a fifty-two week high of $133.88. The stock has a market cap of $216.43 billion, a P/E ratio of 30.42, a PEG ratio of 2.11 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.22.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.05. Chevron had a net margin of 8.79% and a return on equity of 8.19%. The business had revenue of $43.99 billion for the quarter, compared to analysts’ expectations of $47.17 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, research analysts anticipate that Chevron will post 7.75 earnings per share for the current year.

In other news, EVP James William Johnson sold 4,750 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $120.92, for a total value of $574,370.00. Following the sale, the executive vice president now owns 4,750 shares of the company’s stock, valued at $574,370. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CVX. Highwater Wealth Management LLC bought a new stake in Chevron during the 4th quarter worth approximately $51,000. Arlington Partners LLC increased its holdings in Chevron by 237.2% during the 4th quarter. Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock worth $93,000 after acquiring an additional 600 shares during the period. Canton Hathaway LLC bought a new stake in Chevron during the 3rd quarter worth approximately $141,000. Signature Estate & Investment Advisors LLC bought a new position in shares of Chevron in the 3rd quarter worth $144,000. Finally, O Brien Wealth Partners LLC increased its holdings in shares of Chevron by 4,389.3% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,257 shares of the oil and gas company’s stock worth $154,000 after buying an additional 1,229 shares during the last quarter. 64.59% of the stock is currently owned by institutional investors.

About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; 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.

Featured Article: What is Cost of Capital?

The Fly

Analyst Recommendations for Chevron (NYSE:CVX)

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.