Chevron Co. (NYSE:CVX) announced a quarterly dividend on Wednesday, January 30th, RTT News reports. Shareholders of record on Friday, February 15th will be paid a dividend of 1.19 per share by the oil and gas company on Monday, March 11th. This represents a $4.76 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.12.

Chevron has raised its dividend payment by an average of 1.5% per year over the last three years and has raised its dividend every year for the last 33 years. Chevron has a payout ratio of 58.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Chevron to earn $7.71 per share next year, which means the company should continue to be able to cover its $4.76 annual dividend with an expected future payout ratio of 61.7%.

Shares of NYSE CVX opened at $117.58 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. Chevron has a 1-year low of $100.22 and a 1-year high of $131.08. The company has a market cap of $225.91 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 4.05 and a beta of 1.02.

Chevron (NYSE:CVX) last announced its earnings results on Friday, February 1st. The oil and gas company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.08. Chevron had a return on equity of 9.82% and a net margin of 8.91%. The business had revenue of $42.35 billion during the quarter, compared to analyst estimates of $41.46 billion. During the same quarter in the previous year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, analysts predict that Chevron will post 6.63 EPS for the current fiscal year.

In related news, insider Jeanette L. Ourada sold 7,200 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $116.50, for a total value of $838,800.00. Following the completion of the sale, the insider now owns 7,200 shares in the company, valued at $838,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James William Johnson sold 4,750 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $120.92, for a total value of $574,370.00. Following the completion of the sale, the executive vice president now owns 4,750 shares of the company’s stock, valued at approximately $574,370. The disclosure for this sale can be found here. Insiders sold 26,200 shares of company stock valued at $3,072,725 in the last quarter. 0.46% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Portfolio Solutions LLC bought a new position in Chevron in the fourth quarter worth approximately $42,000. 1 North Wealth Services LLC bought a new position in Chevron in the fourth quarter worth approximately $97,000. Athena Capital Advisors LLC bought a new position in Chevron in the fourth quarter worth approximately $151,000. Catalyst Capital Advisors LLC bought a new position in Chevron in the fourth quarter worth approximately $162,000. Finally, Planning Alternatives Ltd. ADV bought a new position in Chevron in the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 64.62% of the company’s stock.

Several research analysts have issued reports on the company. Raymond James set a $135.00 target price on Chevron and gave the company a “buy” rating in a research report on Thursday, December 20th. HSBC lowered Chevron from a “buy” rating to a “hold” rating and dropped their target price for the company from $136.00 to $122.00 in a research report on Monday, January 14th. Royal Bank of Canada restated a “hold” rating and set a $130.00 target price on shares of Chevron in a research report on Monday, January 7th. Zacks Investment Research lowered Chevron from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Finally, UBS Group upgraded Chevron from a “neutral” rating to a “buy” rating and set a $112.95 target price for the company in a research report on Friday, January 18th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $133.20.

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About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Dividend History for Chevron (NYSE:CVX)

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