Chevron (NYSE:CVX) Trading Down 1%

Chevron Co. (NYSE:CVX)’s share price was down 1% during trading on Wednesday . The stock traded as low as $159.29 and last traded at $159.72. Approximately 1,465,864 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 8,367,524 shares. The stock had previously closed at $161.27.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. HSBC upped their target price on shares of Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $170.00 to $195.00 in a report on Thursday, April 11th. DZ Bank lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price on the stock. in a report on Tuesday, February 6th. TD Cowen upped their price objective on shares of Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Monday. Finally, Barclays assumed coverage on shares of Chevron in a research note on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average target price of $185.35.

Chevron Trading Down 1.2 %

The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $296.03 billion, a PE ratio of 14.69, a P/E/G ratio of 2.43 and a beta of 1.12. The company’s 50-day moving average is $156.96 and its 200 day moving average is $151.68.

Chevron (NYSE:CVX) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. The company had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.38%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.55 EPS. As a group, sell-side analysts predict that Chevron Co. will post 13.71 EPS for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.09%. Chevron’s payout ratio is presently 59.98%.

Insiders Place Their Bets

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now directly owns 276 shares in the company, valued at approximately $45,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Chevron

Several institutional investors have recently made changes to their positions in CVX. American Capital Advisory LLC boosted its position in shares of Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 125 shares in the last quarter. Picton Mahoney Asset Management bought a new position in Chevron during the 3rd quarter valued at about $26,000. Bare Financial Services Inc bought a new position in Chevron during the 4th quarter valued at about $27,000. Valley Forge Investment Consultants Inc. ADV lifted its holdings in Chevron by 80.0% during 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 purchasing an additional 80 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in Chevron during the 4th quarter valued at about $30,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

About Chevron

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.