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Mar 20, 2024 12:50 PM - Davit Kirakosyan
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Mizuho Securities analysts raised Chevron (NYSE:CVX) price target to $200 from $195, keeping a Buy rating on the stock. Mizuho's update is based on Chevron's year-end 2023 reserves, noting the company had outperformed its peers by approximately 4% due to robust Q4 2023 earnings until February 26.
This trend shifted following the S-4 filing related to Chevron's proposed acquisition of Hess, after which Chevron underperformed by about 6%. Concerns have arisen among investors regarding the deal's completion, especially with ExxonMobil and its partners entering arbitration to claim their 'right of first refusal' on Hess's 30% interest in Guyana.
Despite these challenges, the analysts anticipate the deal will close by September 30, later than the initially expected June 30, and still see around 19% upside to Chevron's standalone net asset value (NAV), reaffirming it as a top pick.
May 27, 2024 7:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...
Jun 6, 2024 6:57 AM - Parth Sanghvi
When it comes to valuing an investment or a business, two of the most commonly used methods are Discounted Cash Flow (DCF) and Net Present Value (NPV). Both methods are essential tools in finance, but they serve slightly different purposes and are used in different contexts. This guide will explore ...
Jun 10, 2024 7:46 AM - Parth Sanghvi
Understanding the difference between fixed and variable costs is essential for managing a business’s finances. These costs form the foundation of any cost structure and play a critical role in pricing, budgeting, and profit margin analysis. In this guide, we will explore what fixed and variable cost...