This afternoon we watched Chevron rise 1.2% to a price of $159.05 per share. The large-cap Oil & Gas Integrated company is now trading -16.05% below its average target price of $189.46. Analysts have set target prices ranging from $167.0 to $212.0 per share for Chevron, and have given the stock an average rating of buy.
The stock has a very low short interest at 0.9%, and a short ratio of 2.23. At 0.04%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 72.6% of Chevron's shares being owned by this investor type.
Institutions Invested in Chevron
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 8% | 160,651,097 | $25,550,883,349 |
| 2023-03-31 | Blackrock Inc. | 7% | 133,837,003 | $21,286,214,133 |
| 2023-03-31 | Berkshire Hathaway, Inc | 7% | 132,407,595 | $21,058,872,784 |
| 2023-03-31 | State Street Corporation | 7% | 125,820,719 | $20,011,257,776 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 32,632,341 | $5,190,037,004 |
| 2023-03-31 | Morgan Stanley | 2% | 31,216,702 | $4,964,885,557 |
| 2023-03-31 | Bank of America Corporation | 2% | 30,644,023 | $4,873,803,364 |
| 2023-03-31 | Charles Schwab Investment Management, Inc. | 1% | 23,667,484 | $3,764,214,089 |
| 2023-03-31 | Northern Trust Corporation | 1% | 23,493,623 | $3,736,562,226 |
| 2023-03-31 | JP Morgan Chase & Company | 1% | 20,792,735 | $3,306,997,315 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Chevron.
