Chevron (NYSE:CVX) Trading 0.6% Higher - What's Next?

Chevron Co. (NYSE:CVX - Get Free Report) shares rose 0.6% during mid-day trading on Monday . The company traded as high as $140.46 and last traded at $139.61. Approximately 1,540,008 shares traded hands during trading, a decline of 81% from the average daily volume of 7,913,674 shares. The stock had previously closed at $138.73.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CVX. Royal Bank of Canada restated an "outperform" rating and issued a $175.00 price objective on shares of Chevron in a research report on Monday, February 3rd. UBS Group decreased their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Truist Financial dropped their price objective on shares of Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. BNP Paribas cut Chevron to a "cautious" rating in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company dropped their price target on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $166.06.

Chevron Stock Down 2.3 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The stock has a market capitalization of $239.58 billion, a PE ratio of 14.00, a PEG ratio of 1.46 and a beta of 0.93. The company has a 50 day moving average price of $150.55 and a 200-day moving average price of $152.70.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the prior year, the business earned $3.45 earnings per share. As a group, analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 5.03%. This is a boost from Chevron's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Friday, February 14th. Chevron's dividend payout ratio is presently 70.37%.

Insiders Place Their Bets

In other news, VP Jeff B. Gustavson sold 9,325 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the transaction, the vice president now owns 1,057 shares in the company, valued at $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Allianz SE bought a new position in shares of Chevron in the 4th quarter valued at about $9,369,000. Nicholas Company Inc. raised its holdings in Chevron by 4.3% during the 4th quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company's stock valued at $11,591,000 after buying an additional 3,280 shares during the period. Applied Finance Capital Management LLC boosted its stake in Chevron by 1.6% during the fourth quarter. Applied Finance Capital Management LLC now owns 179,815 shares of the oil and gas company's stock worth $26,044,000 after buying an additional 2,755 shares during the period. Cerity Partners LLC increased its position in Chevron by 4.5% during the fourth quarter. Cerity Partners LLC now owns 1,205,747 shares of the oil and gas company's stock valued at $174,817,000 after acquiring an additional 52,307 shares during the last quarter. Finally, Dale Q Rice Investment Management Ltd purchased a new stake in shares of Chevron in the fourth quarter valued at $594,000. Institutional investors 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.