Neil Mehta

Goldman Sachs analyst Neil Mehta upgraded Valero Energy Corp (NYSE:VLO) from Neutral to Buy rating with a price forecast of $154. The analyst believes current consensus expectations better reflect concerns about oil product demand and tighter crude differentials. The analyst estimates EPS to grow...

Late last week, Valero Energy Corp (NYSE:VLO) reported better-than-declined quarterly profits. So far this year, the company's stock has underperformed its closest peer, Marathon Petroleum Corp (NYSE:MPC) by around 6%. It also underperformed the Energy Select Sector SPDR Fund (NYSE:XLE) by about 3...

Shares of Chevron Corp (NYSE:CVX) tanked in early trading on Monday, as the company reported downbeat second-quarter results just days after unveiling plans to relocate its headquarters. The results came amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets...

Phillips 66 (NYSE:PSX) announced a binding open season for shipper commitments for services on its Blue Line System. The Houston-based energy company expects to deploy its asset base "near historical highs" to meet peak summer demand, while it focuses on gaining market share, reducing costs and...

Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corp.’s (NYSE:XOM) signaling weak oil and gas prices to impact first-quarter FY24 results. The company anticipated that fluctuations in gas prices would negatively influence its first-quarter upstream results by between $(0.6)...

Goldman Sachs has turned positive on Chevron Corp (NYSE: CVX) again.  What To Know: Goldman Sachs analyst Neil Mehta upgraded Chevron from Neutral to Buy and set a $187 price target, citing a cash flow inflection point that should set the...

Cenovus Energy Inc (NYSE: CVE) has safely restarted more than 70% of production that was impacted by wildfires in May and its stock has been rewarded over the past week. The restart of the Superior refinery in Wisconsin and the Toledo refinery in Ohio following the wildfires are “imminent...

Shares of oil giant ExxonMobil Corp (NYSE: XOM) are moving to the downside Monday after Goldman Sachs downgraded the stock. Here’s what investors need to know. The XOM Analyst: Goldman Sachs analyst Neil Mehta downgraded Exxon from a Buy to a Neutral rating, and set a $125 price target on the...

Shares of Occidental Petroleum Corporation (NYSE: OXY) continued its uptrend in early trading on Tuesday. The stock has lagged peers over the past six months, reflecting concerns around the 2023 capital spending levels and the unstable oil macro environment, according to Goldman Sachs. The Analyst...

Off the cusp of several challenging years, Halliburton Company (NYSE: HAL) has a more straightforward path to better returns and dividend growth, Goldman Sachs said in a stock upgrade. The Halliburton Analyst: Neil Mehta upgraded Halliburton from Neutral to Buy and maintained a $26 price...

The potential upside to commodity prices in 2021 and 2022 should boost Occidental Petroleum Corporation’s (NYSE: OXY) free cash flows, resulting in net debt reduction, according to Goldman Sachs. The Occidental Petroleum Analyst: Neil Mehta upgraded Occidental Petroleum from Neutral to Buy...

Although Chevron Corporation (NYSE: CVX) has a consistent performance track record, its stock currently trades at a premium to peers, according to Goldman Sachs. The Chevron Analyst: Neil Mehta downgraded the rating for Chevron from Buy to Neutral, while reducing its price target from $117 to $113...

Ovintiv Inc (NYSE: OVV), a North American producer of oil, condensate and natural gas, is an "out of consensus idea" despite years of underperformance, according to Goldman Sachs. The Ovintiv Analyst: Neil Mehta upgraded Ovintiv's stock rating from Neutral to Buy with a...

Exxon Mobil Corporation (NYSE: XOM) is poised to benefit as oil demand recovers to pre-COVID-19 levels in the coming years, and the risks are already priced into the stock, according to Goldman Sachs. The Exxon Mobil Analyst: Neil Mehta upgraded Exxon Mobil from Neutral to Buy and raised the...

While there are concerns around global refining fundamentals exerting pressure on Valero Energy Corporation’s (NYSE: VLO) margins, the company also faces balance sheet pressure and potential regulatory risks, according to Goldman Sachs. The Valero Energy Analyst: Neil Mehta downgraded...