Chevron (NYSE:CVX) Trading 0.3% Higher

Chevron Co. (NYSE:CVX - Get Free Report) rose 0.3% during trading on Friday . The stock traded as high as $163.87 and last traded at $162.37. Approximately 2,197,202 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 8,538,137 shares. The stock had previously closed at $161.89.

Wall Street Analyst Weigh In

CVX has been the subject of several research reports. Scotiabank upgraded shares of Chevron from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $170.00 to $195.00 in a report on Thursday. Piper Sandler decreased their price target on shares of Chevron from $188.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, March 14th. TD Cowen lowered shares of Chevron from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Mizuho increased their price target on shares of Chevron from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, Royal Bank of Canada increased their price target on shares of Chevron from $185.00 to $190.00 and gave the stock an "outperform" rating in a research note on Monday, February 5th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $183.60.

Chevron Stock Performance

The business's fifty day moving average price is $154.92 and its 200-day moving average price is $152.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. The stock has a market cap of $295.23 billion, a PE ratio of 13.99, a P/E/G ratio of 2.46 and a beta of 1.12.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.26. The firm had revenue of $47.18 billion for the quarter, compared to the consensus estimate of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The business's quarterly revenue was down 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.09 EPS. As a group, equities research analysts forecast that Chevron Co. will post 13.24 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $1.63 per share. This is a boost from Chevron's previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Thursday, February 15th. Chevron's dividend payout ratio is currently 57.39%.

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 2,800 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the transaction, the vice president now directly owns 276 shares of the company's stock, valued at approximately $44,184.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Chevron

A number of institutional investors have recently bought and sold shares of the stock. Windsor Advisory Group LLC increased its stake in Chevron by 24.0% in the 3rd quarter. Windsor Advisory Group LLC now owns 3,720 shares of the oil and gas company's stock worth $627,000 after buying an additional 720 shares in the last quarter. Dechtman Wealth Management LLC purchased a new stake in Chevron in the 2nd quarter worth $648,000. Renaissance Investment Group LLC increased its stake in Chevron by 12.7% in the 4th quarter. Renaissance Investment Group LLC now owns 6,187 shares of the oil and gas company's stock worth $923,000 after buying an additional 697 shares in the last quarter. Altrius Capital Management Inc increased its stake in Chevron by 2.1% in the 3rd quarter. Altrius Capital Management Inc now owns 21,333 shares of the oil and gas company's stock worth $3,597,000 after buying an additional 434 shares in the last quarter. Finally, Camelot Portfolios LLC purchased a new stake in Chevron in the 4th quarter worth $254,000. 72.42% of the stock is owned by institutional investors.

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.