Chevron Corp (CVX) Gets a Buy Rating from Credit Suisse

By Jason Carr

Credit Suisse analyst William Featherston maintained a Buy rating on Chevron Corp (CVXResearch Report) yesterday and set a price target of $130. The company’s shares closed yesterday at $118.37.

According to TipRanks.com, Featherston ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.2% and a 43.4% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Oasis Petroleum Inc, Anadarko Petroleum, and Chesapeake Energy.

Chevron Corp has an analyst consensus of Moderate Buy, with a price target consensus of $131.55, implying an 11.1% upside from current levels. In a report issued on January 18, UBS also upgraded the stock to Buy with a $135 price target.

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The company has a one-year high of $131.08 and a one-year low of $100.22. Currently, Chevron Corp has an average volume of 7.45M.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, James William Johnson, the EVP of CVX sold 9,500 shares for a total of $1,126,510.

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.