Chevron Co. (NYSE:CVX) Given Average Recommendation of "Moderate Buy" by Analysts

Chevron Co. (NYSE:CVX - Get Free Report) has earned an average rating of "Moderate Buy" from the nineteen research firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $184.75.

A number of analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Chevron in a research report on Monday, April 1st. Wells Fargo & Company lifted their price target on Chevron from $185.00 to $198.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. DZ Bank cut Chevron from a "buy" rating to a "hold" rating and set a $160.00 price objective for the company. in a report on Tuesday, February 6th. Royal Bank of Canada boosted their price objective on Chevron from $185.00 to $190.00 and gave the stock an "outperform" rating in a report on Monday, February 5th. Finally, Truist Financial reduced their price objective on Chevron from $168.00 to $156.00 and set a "hold" rating for the company in a report on Friday, April 5th.

Chevron Stock Up 0.3 %

Shares of NYSE:CVX traded up $0.55 during midday trading on Friday, reaching $165.83. The company had a trading volume of 9,733,427 shares, compared to its average volume of 8,480,016. 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's 50 day moving average price is $156.58 and its 200 day moving average price is $151.83. The stock has a market cap of $307.99 billion, a PE ratio of 14.60, a P/E/G ratio of 2.41 and a beta of 1.12. Chevron has a 1-year low of $139.62 and a 1-year high of $171.70.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.06 by ($0.13). The company had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. Chevron's revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.55 EPS. Research analysts forecast that Chevron will post 13.58 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Chevron's previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 3.93%. Chevron's dividend payout ratio is 57.39%.

Insider Transactions at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of the company's stock in a transaction on Tuesday, April 2nd. The shares were 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 directly owns 276 shares in the company, valued at $44,184.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

Institutional Trading of Chevron

Several institutional investors have recently modified their holdings of CVX. Picton Mahoney Asset Management bought a new stake in shares of Chevron in the third quarter worth $26,000. Bare Financial Services Inc bought a new stake in Chevron during the fourth quarter valued at $27,000. Valley Forge Investment Consultants Inc. ADV boosted its position in Chevron by 80.0% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company's stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in Chevron during the fourth quarter valued at $30,000. Finally, Valued Wealth Advisors LLC bought a new stake in Chevron during the fourth quarter valued at $33,000. 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.