Chevron (NYSE:CVX) Trading Up 0.6%

Chevron Co. (NYSE:CVX - Get Free Report)'s stock price rose 0.6% during mid-day trading on Friday . The stock traded as high as $162.14 and last traded at $162.04. Approximately 1,151,561 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 8,236,018 shares. The stock had previously closed at $161.09.

Analysts Set New Price Targets

CVX has been the topic of several recent research reports. Mizuho increased their price target on Chevron from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Monday. Scotiabank upgraded Chevron from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $170.00 to $195.00 in a report on Thursday, April 11th. DZ Bank lowered Chevron from a "buy" rating to a "hold" rating and set a $160.00 price target on the stock. in a report on Tuesday, February 6th. Truist Financial increased their price target on Chevron from $156.00 to $166.00 and gave the stock a "hold" rating in a report on Friday, May 10th. Finally, Royal Bank of Canada increased their price objective on Chevron from $185.00 to $190.00 and gave the stock an "outperform" rating in a research note on Monday, February 5th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $186.10.

Chevron Stock Up 1.0 %

The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $300.56 billion, a PE ratio of 14.97, a P/E/G ratio of 2.40 and a beta of 1.11. The stock has a 50-day moving average of $159.47 and a 200 day moving average of $151.95.

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, topping analysts' consensus estimates of $2.84 by $0.09. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The business had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. During the same period last year, the business posted $3.55 earnings per share. The business's revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts anticipate that Chevron Co. will post 13.57 EPS for the current year.

Chevron Dividend Announcement

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

Insiders Place Their Bets

In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $165.24, for a total value of $421,196.76. Following the completion of the sale, the director now directly owns 27,725 shares of the company's stock, valued at $4,581,279. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $165.24, for a total value of $421,196.76. Following the completion of the transaction, the director now directly owns 27,725 shares of the company's stock, valued at $4,581,279. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the firm'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 of the company's stock, valued at $416,761.50. The disclosure for this sale can be found here. Insiders sold 15,796 shares of company stock valued at $2,575,361 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chevron

Large investors have recently made changes to their positions in the stock. Windsor Advisory Group LLC boosted its stake in Chevron by 24.0% during the third quarter. Windsor Advisory Group LLC now owns 3,720 shares of the oil and gas company's stock valued at $627,000 after buying an additional 720 shares during the period. Renaissance Investment Group LLC boosted its stake in Chevron by 12.7% during the fourth quarter. Renaissance Investment Group LLC now owns 6,187 shares of the oil and gas company's stock valued at $923,000 after buying an additional 697 shares during the period. Camelot Portfolios LLC bought a new stake in Chevron during the fourth quarter valued at $254,000. Kapstone Financial Advisors LLC boosted its stake in Chevron by 5.3% during the fourth quarter. Kapstone Financial Advisors LLC now owns 4,216 shares of the oil and gas company's stock valued at $626,000 after buying an additional 211 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in Chevron by 9.0% during the third quarter. Strategic Financial Concepts LLC now owns 5,775 shares of the oil and gas company's stock valued at $974,000 after buying an additional 476 shares during the period. 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.