Chevron (NYSE:CVX) Shares Up 0%

Chevron Co. (NYSE:CVX - Get Free Report)'s stock price rose 0% on Tuesday . The company traded as high as $162.93 and last traded at $162.31. Approximately 1,311,400 shares traded hands during trading, a decline of 84% from the average daily volume of 8,400,518 shares. The stock had previously closed at $162.30.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CVX shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Chevron in a report on Monday, April 1st. Scotiabank raised Chevron from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $170.00 to $195.00 in a research note on Thursday, April 11th. TD Cowen lifted their target price on Chevron from $155.00 to $160.00 and gave the company a "hold" rating in a research note on Monday, April 29th. Mizuho upped their price target on Chevron from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, Barclays began coverage on shares of Chevron in a research report on Wednesday, April 10th. They issued an "overweight" rating and a $203.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $185.35.

Chevron Stock Up 0.2 %

The firm has a market cap of $300.40 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 2.37 and a beta of 1.11. The firm has a 50 day moving average price of $157.62 and a 200-day moving average price of $151.45. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The company had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. During the same quarter in the prior year, the firm earned $3.55 earnings per share. The company's revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities analysts forecast that Chevron Co. will post 13.53 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a $1.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.01%. Chevron's dividend payout ratio is currently 59.98%.

Insider Buying and Selling

In other Chevron news, Director Enrique Hernandez, Jr. sold 5,098 shares of the company's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $163.50, for a total value of $833,523.00. Following the transaction, the director now directly owns 2,549 shares in the company, valued at approximately $416,761.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chevron news, Director Enrique Hernandez, Jr. sold 5,098 shares of the business's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $163.50, for a total value of $833,523.00. Following the completion of the transaction, the director now directly owns 2,549 shares in the company, valued at approximately $416,761.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alana K. Knowles sold 2,800 shares of the firm's stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now owns 276 shares in the company, valued at approximately $45,540. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,247 shares of company stock worth $2,154,164. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. American Capital Advisory LLC lifted its stake in shares of Chevron by 403.2% in the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 125 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Chevron during the third quarter valued at approximately $26,000. Bare Financial Services Inc purchased a new stake in Chevron during the fourth quarter worth approximately $27,000. Valley Forge Investment Consultants Inc. ADV increased its position in shares of Chevron by 80.0% in the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company's stock worth $30,000 after acquiring an additional 80 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in Chevron during the 4th quarter worth $30,000. 72.42% of the stock is currently owned by hedge funds and other 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.