Chevron (CVX) Gets a Buy from Goldman Sachs

In a report released yesterday, Neil Mehta from Goldman Sachs maintained a Buy rating on Chevron, with a price target of $211.00. The company’s shares closed yesterday at $188.15.

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According to TipRanks, Mehta is a 5-star analyst with an average return of 11.5% and a 62.42% success rate. Mehta covers the Energy sector, focusing on stocks such as Suncor Energy, Permian Resources, and Ovintiv.

In addition to Goldman Sachs, Chevron also received a Buy from Exane BNP Paribas’s Lucas Herrmann in a report issued today. However, on the same day, Barclays maintained a Hold rating on 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, Michael K. Wirth, the Chairman & CEO of CVX sold 90,524.00 shares for a total of $17,203,180.96.