Chevron (NYSE:CVX) Loses Buy Rating

Chevron Corporation (NYSE:CVX) Logo

Investors sentiment increased to 1.05 in 2018 Q3. Its up 0.02, from 1.03 in 2018Q2. It is positive, as 49 investors sold Chevron Corporation shares while 648 reduced holdings. 121 funds opened positions while 611 raised stakes. 1.18 billion shares or 1.47% less from 1.19 billion shares in 2018Q2 were reported.

Kdi Capital Partners Limited Liability Corporation holds 1.02% or 26,208 shares in its portfolio. Williams Jones And Associates Limited Com has invested 0.4% of its portfolio in Chevron Corporation (NYSE:CVX). 18,565 are owned by Northern Capital Mngmt Ltd. Ls Inv Advsrs Ltd Liability Company stated it has 0.92% in Chevron Corporation (NYSE:CVX). Associated Banc reported 1.52% stake. Hilton Capital Ltd Llc owns 532 shares. Pettyjohn Wood White reported 42,361 shares or 1.69% of all its holdings. Lazard Asset Mgmt Limited Com has 0.73% invested in Chevron Corporation (NYSE:CVX) for 3.34M shares. Cap Innovations Limited Liability reported 7,975 shares or 2.38% of all its holdings. Texas Yale Corp stated it has 25,622 shares. Rice Hall James And Assocs Limited Liability Company reported 6,075 shares. Diker Mgmt Lc stated it has 0.09% of its portfolio in Chevron Corporation (NYSE:CVX). Family Management holds 3,933 shares. Strs Ohio holds 0.9% or 1.68M shares in its portfolio. Burns J W And Ny reported 66,535 shares stake.

Since September 13, 2018, it had 0 buys, and 4 selling transactions for $2.82 million activity.

Chevron (NYSE:CVX) Receives a Downgrade

The Equity Rating of Chevron (NYSE:CVX) rating was cut by equity research analysts at HSBC Securities from the previous Buy rating to a Hold rating in a research report revealed to clients and investors on 14 January.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 5 analysts covering Chevron (NYSE:CVX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Chevron has $158 highest and $128 lowest target. $138.80’s average target is 24.22% above currents $111.74 stock price. Chevron had 5 analyst reports since September 6, 2018 according to SRatingsIntel. The stock of Chevron Corporation (NYSE:CVX) earned “Neutral” rating by Bank of America on Thursday, September 6. As per Monday, November 5, the company rating was upgraded by Credit Suisse. The company was maintained on Monday, November 5 by Wells Fargo. Societe Generale maintained the shares of CVX in report on Wednesday, December 19 with “Buy” rating.

The stock decreased 0.71% or $0.8 during the last trading session, reaching $111.74. About 3.50M shares traded. Chevron Corporation (NYSE:CVX) has declined 3.92% since January 14, 2018 and is downtrending. It has underperformed by 3.92% the S&P500.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on February, 1 before the open. They expect $2.06 EPS, up 182.19 % or $1.33 from last year’s $0.73 per share. CVX’s profit will be $3.94B for 13.56 P/E if the $2.06 EPS becomes a reality. After $2.11 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts -2.37 % negative EPS growth.

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum activities worldwide. The company has market cap of $213.51 billion. The firm operates in two divisions, Upstream and Downstream. It has a 15.04 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.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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