Chevron Corporation (NYSE:CVX) registered a -2.37% decrease, still its new closing price is 48.85% up from the company’s 1 year high of 119.00.It posted -1.57% losses in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 8 buy or better ratings. The 26 stock analysts following this company have an average price target at $125.67, with individual PT in the $85.00-$145.00 range. The shares moved at $113.79, implying that brokerage firms see shares gaining about 38.33% in twelve months time.
Chevron Corporation (CVX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -3.32% fall year to date. A Executive Vice President at Chevron Corporation (CVX) offloaded shares in a transaction closed on Thursday December 08, 2016. Breber Pierre R sold 10,000 shares in the company at $115 each and collected $1,150,000 in proceeds. Breber Pierre R now owns 36,258 shares in the company after this transaction. A Executive Vice President in the company, Breber Pierre R, disclosed a transaction on Thursday November 17, 2016 that ended up generating $1,100,000 from the sale of 10,000 shares at $110 per share.
Chevron Corporation (NYSE:CVX) Upcoming Results on Tap
Chevron Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.93 in that period. Sales during the quarter are predicted to arrive at $36.26 billion.
Earnings surprise history: Last quarter, the company posted approximately $31.5 billion in revenue and EPS of $0.21. The mean forecast was for $31.83 billion and $0.64 a share, respectively. One quarter earlier, revenue for the stock was at $30.14 billion, with earnings at $0.49/share.
Chevron Corporation (CVX) Brokerage Update
Chevron Corporation (CVX) is in HSBC Securities’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by HSBC Securities, according to news reported on Tuesday January 10, 2017.Another important research note was issued by BofA/Merrill on Wednesday January 04, 2017.The firm upgraded CVX to Buy from Neutral. Over the last six months and over the last three months, the shares of Chevron Corporation (CVX), have changed 14.10% and 13.58%, respectively.