Chevron (NYSE:CVX) Shares Down 0.3%

Chevron Co. (NYSE:CVX - Get Free Report) fell 0.3% during trading on Monday . The stock traded as low as $158.43 and last traded at $158.45. 1,748,220 shares changed hands during trading, a decline of 80% from the average session volume of 8,564,295 shares. The stock had previously closed at $158.96.

Analysts Set New Price Targets

Several research firms have recently commented on CVX. Scotiabank raised shares of Chevron from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $170.00 to $195.00 in a research report on Thursday. Barclays began coverage on shares of Chevron in a research report on Wednesday, April 10th. They set an "overweight" rating and a $203.00 price target for the company. Truist Financial reduced their price target on shares of Chevron from $168.00 to $156.00 and set a "hold" rating for the company in a research report on Friday, April 5th. Royal Bank of Canada upped their price target on shares of Chevron from $185.00 to $190.00 and gave the company an "outperform" rating in a research report on Monday, February 5th. Finally, DZ Bank downgraded Chevron from a "buy" rating to a "hold" rating and set a $160.00 price objective for the company. in a research note on Tuesday, February 6th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $183.55.

Chevron Stock Down 0.9 %

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 company has a fifty day moving average of $154.92 and a two-hundred day moving average of $152.01. The company has a market cap of $292.69 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.26. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The business had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. During the same quarter last year, the firm posted $4.09 earnings per share. The business's revenue was down 16.5% compared to the same quarter last year. As a group, analysts anticipate that Chevron Co. will post 13.24 earnings per share 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 paid a $1.63 dividend. This is a positive change from Chevron's previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $6.52 dividend on an annualized basis and a yield of 4.14%. Chevron's dividend payout ratio (DPR) is presently 57.39%.

Insiders Place Their Bets

In other news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the transaction, the vice president now owns 276 shares of the company's stock, valued at approximately $44,184.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Chevron

A number of hedge funds and other institutional investors have recently made changes to their positions in CVX. Picton Mahoney Asset Management bought a new stake in Chevron during the third quarter valued at about $26,000. Bare Financial Services Inc acquired a new stake in Chevron in the fourth quarter worth about $27,000. Valley Forge Investment Consultants Inc. ADV boosted its holdings in 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. Frank Rimerman Advisors LLC acquired a new stake in Chevron in the fourth quarter worth about $30,000. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in Chevron in the third quarter worth about $35,000. 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.