Chevron (NYSE:CVX) Trading Down 0%

Shares of Chevron Co. (NYSE:CVX) fell 0% on Thursday . The company traded as low as $162.67 and last traded at $163.49. 2,726,042 shares were traded during trading, a decline of 67% from the average session volume of 8,373,238 shares. The stock had previously closed at $163.57.

Analysts Set New Price Targets

A number of research firms recently weighed in on CVX. Raymond James upped their target price on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Jefferies Financial Group upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research note on Monday, January 8th. DZ Bank lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a research note on Tuesday, February 6th. Royal Bank of Canada increased their price target on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Finally, Wells Fargo & Company increased their price target on shares of Chevron from $185.00 to $198.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $184.75.

Chevron Trading Up 0.3 %

The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $156.58 and a 200 day simple moving average of $151.83. The company has a market cap of $307.99 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 2.43 and a beta of 1.12.

Chevron (NYSE:CVX) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.13). Chevron had a net margin of 10.63% and a return on equity of 15.24%. The business had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. During the same period last year, the business posted $3.55 EPS. Chevron’s revenue was down 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Chevron Co. will post 13.58 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, May 16th. Chevron’s dividend payout ratio (DPR) is presently 57.39%.

Insider Transactions at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the transaction, the vice president now owns 276 shares of the company’s stock, valued at approximately $44,184.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Chevron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVX. Picton Mahoney Asset Management purchased a new stake in Chevron during the 3rd quarter worth about $26,000. Bare Financial Services Inc purchased a new stake in Chevron in the 4th quarter valued at about $27,000. Valley Forge Investment Consultants Inc. ADV grew its holdings in Chevron by 80.0% in the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 80 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in Chevron in the 4th quarter valued at about $30,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Chevron in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Company Profile

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