Chevron Gets Fresh Endorsement from Wells Fargo Analyst

Wells Fargo analyst Sam Margolin has reaffirmed Chevron's (CVX) 'Buy' rating, setting a price target of $230.00.

This decision comes after Chevron released its quarterly earnings for the period ending June 30, which saw revenue jump to $67.2 billion and net profit reach $12.07 billion.

However, corporate insider sentiment is negative on the stock, with a recent increase in insiders selling their shares compared to earlier this year.