Key Metrics
11.6
Heat Index-
Impact LevelMedium
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Scope LevelMicro
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Last Update2025-08-29
Key Impacts
Event Overview
Equity research initiations and rating updates reflect diverse analyst perspectives within the financial sector, shaping investor expectations and market sentiment for prominent corporations. Competition among brokerages to provide influential guidance emphasizes shifts in industry outlook, valuation methods, and confidence in corporate performance. Price targets and rating variations illustrate ongoing debates about risk, growth, and strategic direction in the oil and gas sector, impacting investment strategies.
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Melius Research Initiates Coverage on Chevron with Hold Rating and $155 Price Target
Melius Research began coverage on shares of Chevron (NYSE:CVX) in a research note released on Wednesday, issuing a hold rating and a $155.00 price target. Barclays reissued an "equal weight" rating on shares of Chevron in a research report on Tuesday, July 15. Raymond James Financial reaffirmed an "outperform" rating on Friday, August 1. Jefferies Financial Group reiterated a "buy" rating on Friday, July 18. UBS Group reiterated a "buy" rating and issued a $186.00 target price (up from $177.00) on Monday, August 4. DZ Bank downgraded Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price on Tuesday, May 6. Eleven investment analysts have rated the stock with a buy rating, eight have issued a hold rating and three have issued a sell rating. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $163.95. On Wednesday, CVX stock traded up $2.34 during midday trading, reaching $157.89, with a trading volume of 9,080,229 shares. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74, a current ratio of 1.00, and a market capitalization of $272.84 billion. Chevron has a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.35, and a beta of 0.87. The firm has a fifty day simple moving average of $151.21 and a 200 day simple moving average of $148.63. Chevron has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. Chevron last posted its quarterly earnings results on Friday, August 1, reporting $1.77 earnings per share, beating analysts' consensus estimates of $1.58 by $0.19. The company had revenue of $44.82 billion for the quarter, compared to analyst estimates of $44.59 billion. Chevron had a return on equity of 9.90% and a net margin of 7.02%. Revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.55 earnings per share.