Chevron (NYSE:CVX) Trading 0.1% Higher

Chevron Co. (NYSE:CVX) was up 0.1% during mid-day trading on Wednesday . The company traded as high as $144.31 and last traded at $143.59. Approximately 1,097,503 shares were traded during trading, a decline of 86% from the average daily volume of 7,729,697 shares. The stock had previously closed at $143.41.

Analyst Ratings Changes

A number of analysts have issued reports on CVX shares. Royal Bank of Canada decreased their price target on Chevron from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Barclays decreased their price target on Chevron from $203.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. UBS Group decreased their price target on Chevron from $192.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday. Wolfe Research started coverage on Chevron in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Mizuho decreased their price target on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.41.

Chevron Price Performance

The stock has a market cap of $267.19 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.48 and a beta of 1.09. The company has a 50-day moving average of $148.26 and a 200-day moving average of $154.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.38). The company had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.08 EPS. As a group, equities research analysts predict that Chevron Co. will post 11.48 earnings per share for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Monday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Hedge Funds Weigh In On Chevron

Several institutional investors have recently added to or reduced their stakes in CVX. Gilbert & Cook Inc. increased its position in Chevron by 3.7% during the 4th quarter. Gilbert & Cook Inc. now owns 10,312 shares of the oil and gas company’s stock worth $1,538,000 after purchasing an additional 369 shares during the period. Aveo Capital Partners LLC increased its position in Chevron by 1.0% during the 4th quarter. Aveo Capital Partners LLC now owns 8,617 shares of the oil and gas company’s stock worth $1,285,000 after purchasing an additional 82 shares during the period. Gryphon Financial Partners LLC increased its position in Chevron by 55.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 11,404 shares of the oil and gas company’s stock worth $1,648,000 after purchasing an additional 4,047 shares during the period. TrinityPoint Wealth LLC increased its position in Chevron by 6.8% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,646 shares of the oil and gas company’s stock worth $1,588,000 after purchasing an additional 680 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in Chevron by 18.9% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,181 shares of the oil and gas company’s stock worth $325,000 after purchasing an additional 347 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

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.