Chevron Corp (CVX) Gets a Buy Rating from Cowen & Co.

By Carrie Williams

In a report issued on April 15, Jason Gabelman from Cowen & Co. maintained a Buy rating on Chevron Corp (CVXResearch Report), with a price target of $142. The company’s shares closed yesterday at $121.17.

According to TipRanks.com, Gabelman is a 1-star analyst with an average return of -2.4% and a 35.0% success rate. Gabelman covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Hollyfrontier Corp, and Exxon Mobil.

Chevron Corp has an analyst consensus of Strong Buy, with a price target consensus of $139.64, implying a 15.2% upside from current levels. In a report issued on April 1, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $146 price target.

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Chevron Corp’s market cap is currently $230.6B and has a P/E ratio of 15.66. The company has a Price to Book ratio of 1.49.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Jeanette Ourada, the Vice Pres. and Comptroller of CVX sold 7,200 shares for a total of $838,800.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.