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CVX

Chevron

$119.17

0.37 (0.31%)

13:39
11/22/19
11/22
13:39
11/22/19
13:39

Chevron plans sweeping cost-cutting, streamlining efforts, Reuters reports

Chevon's CEO, Michael Wirth, is planning major changes that would cut costs and streamline operations in an effort to boost profitability, Reuters' Jennifer Hiller and Shariq Khan report, citing people familiar with the matter. According to the people, Wirth plans to cut the company's massive global upstream group into individual units, focusing on shale as well as liquefied natural gas and deepwater businesses. "The company is proactively evaluating existing operating models and structures to better position Chevron to compete and win in any environment," said Chevron spokesman Kent Robertson. Reference Link

CVX Chevron
$119.17

0.37 (0.31%)

08/20/19
BMOC
08/20/19
INITIATION
Target $165
BMOC
Outperform
Chevron initiated with an Outperform at BMO Capital
BMO Capital analyst Daniel Boyd started Chevron with an Outperform rating and $165 price target.
08/20/19
BMOC
08/20/19
INITIATION
Target $165
BMOC
Outperform
BMO Capital starts Chevron at Outperform with $165 price target
As previously reported, BMO Capital analyst Daniel Boyd started Chevron with an Outperform rating and $165 price target. He views it as having "one of the lowest risk profiles in the sector" based on its strong balance sheet, low dividend cash flow breakeven, and "advantaged royalty position in the Permian."
10/15/19
COWN
10/15/19
NO CHANGE
Target $140
COWN
Outperform
Chevron weakness a buying opportunity, says Cowen
Cowen analyst Jason Gabelman sees downside to Chevron earnings due to higher upstream planned maintenance during the quarter in high margin regions in addition to the Hibernia outage. The analyst said the company also had higher downstream maintenance that could have affected its ability to capture strong US West Coast refining margins in September. With its recent weakness, Gabelman believes there is a buying opportunity. Gabelman maintained his Outperform rating and $140 price target on Chevron shares.
10/31/19
10/31/19
DOWNGRADE

Hold
BP downgraded to Hold at Argus on rising debt levels
As previously reported, Argus analyst Bill Selesky downgraded BP (BP) to Hold from Buy. The analyst cites his concern with the company's current debt to capital ratio of 43%, which is well above those of ExxonMobil's (XOM) 18%, Chevron's (CVX) 18%, and Shell's (RDS.A) 32%. In a period of slower economic growth, Selesky says the elevated debt is a disadvantage and sees the company's less leveraged peers as better positioned in managing potentially lower energy prices. The analyst also lowers his FY19 and FY20 EPS views on BP by 38c and 40c to $2.94 and $3.38 respectively.

TODAY'S FREE FLY STORIES

MRNS

Marinus Pharmaceuticals

$1.32

0.06 (4.76%)

06:39
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DOW

Dow Inc.

$53.25

1.24 (2.38%)

06:39
12/09/19
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06:39
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06:39
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Dow Inc. rating change  »

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KRA

Kraton

$23.04

0.63 (2.81%)

06:39
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06:39
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06:39
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Kraton rating change  »

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STZ

Constellation Brands

$183.60

1.13 (0.62%)

, CGC

Canopy Growth

$18.65

0.07 (0.38%)

06:38
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Constellation Brands appoints Garth Hankinson as CFO »

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STZ

Constellation Brands

$183.60

1.13 (0.62%)

CGC

Canopy Growth

$18.65

0.07 (0.38%)

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  • 08

    Jan

VIAC

ViacomCBS

$39.70

-1.08 (-2.65%)

06:38
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06:38
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06:38
Initiation
ViacomCBS initiated  »

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THC

Tenet

$35.53

1.255 (3.66%)

06:37
12/09/19
12/09
06:37
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06:37
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Tenet rating change  »

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CGC

Canopy Growth

$18.65

0.07 (0.38%)

, STZ

Constellation Brands

$183.60

1.13 (0.62%)

06:37
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Hot Stocks
Canopy Growth appoints David Klein as CEO »

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CGC

Canopy Growth

$18.65

0.07 (0.38%)

STZ

Constellation Brands

$183.60

1.13 (0.62%)

03/08/13
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  • 08

    Jan

GM

General Motors

$35.54

0.23 (0.65%)

06:35
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06:35
Periodicals
Avtovaz to buy out GM from Russia JV, Reuters reports »

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  • 07

    Jan

VMI

Valmont

$143.44

-0.45 (-0.31%)

06:35
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06:35
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06:35
Conference/Events
Valmont management to meet with DA Davidson »

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  • 09

    Dec

  • 10

    Dec

OC

Owens Corning

$66.50

0.435 (0.66%)

06:34
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06:34
Hot Stocks
Owens Corning chairman Mike Thaman to retire, CEO Brian Chambers to succeed »

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MSFT

Microsoft

$151.77

1.85 (1.23%)

06:33
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06:33
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06:33
Periodicals
Microsoft's work on JEDI continues despite protest from Amazon, CNBC reports »

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  • 09

    Dec

FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

06:33
12/09/19
12/09
06:33
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06:33
Upgrade
Wells Fargo upgrades Fate Therapeutics to Outperform after pipeline updates »

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FB

Facebook

$200.99

1.64 (0.82%)

, WORK

Slack Technologies

$22.49

-0.265 (-1.16%)

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Periodicals
Facebook co-founder Moskovitz looking at direct listing for Asana, FT reports »

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FB

Facebook

$200.99

1.64 (0.82%)

WORK

Slack Technologies

$22.49

-0.265 (-1.16%)

SPOT

Spotify

$148.09

1.67 (1.14%)

AIRB

Airbnb

$0.00

(0.00%)

03/08/13
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  • 09

    Dec

QRVO

Qorvo

$106.68

0.96 (0.91%)

, SWKS

Skyworks

$101.40

1.42 (1.42%)

06:29
12/09/19
12/09
06:29
12/09/19
06:29
Upgrade
Qorvo, Skyworks rating change  »

Skyworks, Qorvo…

QRVO

Qorvo

$106.68

0.96 (0.91%)

SWKS

Skyworks

$101.40

1.42 (1.42%)

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QRVO

Qorvo

$106.68

0.96 (0.91%)

06:28
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06:28
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06:28
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Qorvo rating change  »

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CVX

Chevron

$117.98

1.68 (1.44%)

06:28
12/09/19
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06:28
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06:28
Downgrade
Chevron rating change  »

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SWKS

Skyworks

$101.40

1.42 (1.42%)

06:28
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Skyworks rating change  »

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MO

Altria Group

$50.42

0.24 (0.48%)

, BTI

British American Tobacco

$39.33

0.36 (0.92%)

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MO

Altria Group

$50.42

0.24 (0.48%)

BTI

British American Tobacco

$39.33

0.36 (0.92%)

IMBBY

Imperial Brands

$0.00

(0.00%)

PM

Philip Morris

$83.26

0.86 (1.04%)

03/08/13
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  • 30

    Jan

TSCDY

Tesco

$0.00

(0.00%)

06:22
12/09/19
12/09
06:22
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06:22
Periodicals
Tesco considers selling Thailand, Malaysia supermarkets, WSJ reports »

Tesco is considering…

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ZG

Zillow

$40.72

-0.07 (-0.17%)

06:21
12/09/19
12/09
06:21
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06:21
Initiation
Zillow initiated  »

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HUN

Huntsman

$22.83

0.49 (2.19%)

06:20
12/09/19
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06:20
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06:20
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Huntsman rating change  »

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  • 12

    Dec

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    Dec

  • 18

    Dec

  • 19

    Dec

HD

Home Depot

$214.33

1.24 (0.58%)

06:17
12/09/19
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06:17
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06:17
Recommendations
Home Depot analyst commentary  »

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  • 11

    Dec

  • 25

    Feb

ATNM

Actinium Pharmaceuticals

$0.26

0.015 (6.12%)

06:14
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Actinium Pharmaceuticals presents new findings from Phase 3 SIERRA trial at ASH »

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  • 18

    Dec

AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

06:14
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06:14
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06:14
Periodicals
Bezos says Amazon will support Department of Defense, Reuters reports »

Amazon CEO Jeff Bezos…

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AAPL

Apple

$270.71

5.15 (1.94%)

06:13
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Apple initiated  »

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