1.23 is Chevron Corp’s (NYSE:CVX) Institutional Investor Sentiment

Chevron Corporation (NYSE:CVX) Logo

Sentiment for Chevron Corp (NYSE:CVX)

Chevron Corp (NYSE:CVX) institutional sentiment increased to 1.23 in Q2 2019. Its up 0.21, from 1.02 in 2019Q1. The ratio is more positive, as 782 institutional investors increased or opened new equity positions, while 636 cut down and sold their positions in Chevron Corp. The institutional investors in our partner’s database now possess: 1.20 billion shares, up from 1.19 billion shares in 2019Q1. Also, the number of institutional investors holding Chevron Corp in their top 10 equity positions decreased from 114 to 99 for a decrease of 15. Sold All: 54 Reduced: 582 Increased: 657 New Position: 125.

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum activities worldwide. The company has market cap of $230.81 billion. The firm operates in two divisions, Upstream and Downstream. It has a 15.73 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.

The stock increased 0.13% or $0.16 during the last trading session, reaching $121.58. About 3.32 million shares traded. Chevron Corporation (NYSE:CVX) has declined 3.69% since September 13, 2018 and is downtrending. It has underperformed by 3.69% the S&P500.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on November, 1. They expect $1.89 EPS, down 10.43 % or $0.22 from last year’s $2.11 per share. CVX’s profit will be $3.59 billion for 16.08 P/E if the $1.89 EPS becomes a reality. After $2.27 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts -16.74 % negative EPS growth.

Adams Natural Resources Fund Inc. holds 14.76% of its portfolio in Chevron Corporation for 691,900 shares. Cortland Advisers Llc owns 1.20 million shares or 6.96% of their US portfolio. Moreover, Ar Asset Management Inc has 5.28% invested in the company for 117,294 shares. The Virginia-based Edgar Lomax Co Va has invested 4.99% in the stock. Foundation Resource Management Inc, a Arkansas-based fund reported 184,752 shares.

Since January 1, 0001, it had 1 insider buy, and 0 selling transactions for $502,074 activity.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Ratings analysis reveals 83% of Chevron Corp’s analysts are positive. Out of 6 Wall Street analysts rating Chevron Corp, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $133 while the high is $16500. The stock’s average target of $144 is 18.44% above today’s ($121.58) share price. CVX was included in 13 notes of analysts from March 14, 2019. The rating was maintained by HSBC on Thursday, March 14 with “Hold”. The rating was maintained by Morgan Stanley on Monday, June 24 with “Buy”. The stock has “Overweight” rating by Morgan Stanley on Friday, July 12. On Thursday, May 16 the stock rating was maintained by Morgan Stanley with “Overweight”. Societe Generale maintained Chevron Corporation (NYSE:CVX) rating on Wednesday, March 20. Societe Generale has “Buy” rating and $142 target. The firm has “Buy” rating given on Monday, April 15 by Citigroup. Citigroup maintained Chevron Corporation (NYSE:CVX) rating on Monday, May 13. Citigroup has “Buy” rating and $13500 target.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron Corp.: Dealing With Cyclicality – Seeking Alpha” on September 04, 2019, also Seekingalpha.com with their article: “Shale Game Is A Scale Game, Chevron – Seeking Alpha” published on September 07, 2019, Finance.Yahoo.com published: “Chevron (NYSE:CVX) Shareholders Booked A 14% Gain In The Last Three Years – Yahoo Finance” on August 26, 2019. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Finance.Yahoo.com and their article: “Better Buy: ExxonMobil vs. Chevron – Yahoo Finance” published on August 26, 2019 as well as Seekingalpha.com‘s news article titled: “Chevron: A Solid Investment Option – Seeking Alpha” with publication date: August 19, 2019.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.