Bernstein Remains a Hold on Chevron (CVX)

Bernstein analyst maintained a Hold rating on Chevron yesterday. The company’s shares closed yesterday at $186.76.

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Chevron has an analyst consensus of Moderate Buy, with a price target consensus of $187.26.

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 80 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. Earlier this month, Andrew Benjamin Walz, the President of CVX sold 1,463.00 shares for a total of $268,943.29.