Barclays Reaffirms Their Hold Rating on Chevron (CVX)

In a report released today, Betty Jiang from Barclays maintained a Hold rating on Chevron, with a price target of $180.00.

Claim 30% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Jiang covers the Energy sector, focusing on stocks such as Diamondback, Exxon Mobil, and APA. According to TipRanks, Jiang has an average return of 4.6% and a 50.00% success rate on recommended stocks.

In addition to Barclays, Chevron also received a Hold from TD Cowen’s Jason Gabelman in a report issued on April 13. However, on April 14, BMO Capital assigned a Buy rating to Chevron (NYSE: CVX).

Based on Chevron’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $45.79 billion and a net profit of $2.77 billion. In comparison, last year the company earned a revenue of $48.33 billion and had a net profit of $3.24 billion

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVX in relation to earlier this year. Last month, Andrew Benjamin Walz, the President of CVX sold 11,600.00 shares for a total of $2,187,480.00.