The shares of Chevron Corporation (NYSE:CVX) has been pegged with a rating of Overweight by Morgan Stanley in its latest research note that was published on April 1st, 2019. The research company has also assigned a $146 price target. Morgan Stanley wasn’t the only research firm that published a report of Chevron Corporation, with other equities research analysts also giving their opinion on the stock. Tudor Pickering advised investors in its research note published on March 1st, 2019, to Buy the CVX stock while also putting a $133 price target. The stock had earned Outperform rating from Cowen when it published its report on February 28th, 2019. That day the Cowen set price target on the stock to $140. The stock was given Buy rating by UBS in its report released on January 18th, 2019. HSBC Securities was of a view that CVX is Hold in its latest report on January 14th, 2019. Credit Suisse thinks that CVX is worth Outperform rating. This was contained in the firm’s report on November 5th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $137.73. The price of the stock the last time has raised by 25.71% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 59.69.
The shares of the company added by 0.40% during the trading session on Thursday, reaching a low of $124.75 while ending the day at $125.99. During the trading session, a total of 3.22 million shares were traded which represents a 46.15% incline from the average session volume which is 5.97M shares. CVX had ended its last session trading at 125.49. Chevron Corporation currently has a market cap of $236.32B, while its P/E ratio stands at 16.29, while its P/E earnings growth sits at 1.49, with a beta of 1.02. Chevron Corporation debt-to-equity ratio currently stands at 0.22, while its quick ratio hovers at 1.00. CVX 52-week low price stands at $100.22 while its 52-week high price is $131.08.
The company in its last quarterly report recorded $1.95 earnings per share which is above the $1.87 predicted by most analysts. The Chevron Corporation generated $42,352.00 million in revenue during the last quarter, which is slightly lower than the $46,134.40 million predicted by analysts. In the second quarter last year, the firm recorded $2.11 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -8.21%. Chevron Corporation has the potential to record 7.73 EPS for the current fiscal year, according to equities analysts.
Investment analysts at RBC Capital Mkts published a research note on March 8th, 2019 where it informed investors and clients that PPL Corporation (NYSE:PPL) is now rated as Sector Perform. Their price target on the stock stands at $33. Tudor Pickering also rated PPL as Initiated on March 1st, 2019, with its price target of $200 suggesting that PPL could surge by 0.47% from its current share price. Even though the stock has been trading at $31.74/share, analysts expect it to surge higher by 0.72% to reach $32.12/share. It started the day trading at $32.00 and traded between $31.70 and $31.97 throughout the trading session.
A look at its technical shows that PPL’s 50-day SMA is 31.79 while its 200-day SMA stands at 30.26. The stock has a high of $32.88 for the year while the low is $25.30. The company’s P/E ratio currently sits at 12.40, while the P/B ratio is 1.98. At the moment, only of PPL Corporation shares were sold short. The company’s average trading volume currently stands at 4.60M shares, which means that the short-interest ratio is just 9.41 days. Over the past seven days, the company moved, with its shift of 0.95%. Looking further, the stock has raised 8.12% over the past 90 days while it gained 5.10% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PPL shares, increasing its portfolio by +5.78% during the last quarter. This move now sees The Vanguard Group Inc purchasing 3,045,277 shares in the last quarter, thus it now holds 55,717,303 shares of PPL, with a total valuation of $1,768,467,197. BlackRock Fund Advisors meanwhile bought more PPL shares in the recently filed quarter, changing its stake to $1,539,838,518 worth of shares. Fidelity Management Research Co followed the path by decreasing its PPL portfolio by -0.22% in the quarter. This means that Fidelity Management Research Co sold -89,595 shares in the last quarter and now controls 41,025,960 shares of the PPL stock, with the valuation hitting $1,302,163,970.
Similarly, Zimmer Partners LP decreased its PPL Corporation shares by -7.83% during the recently filed quarter. After selling -1,765,235 shares in the last quarter, the firm now controls 20,768,583 shares of PPL Corporation which are valued at $659,194,824. In the same vein, The Caisse de dpt et placement increased its PPL Corporation shares by during the most recent reported quarter. The firm bought 2,553,617 shares during the quarter which increased its stakes to 20,737,518 shares and is now valued at $658,208,821. Following these latest developments, around 0.21% of PPL Corporation stocks are owned by institutional investors and hedge funds.