Chevron (NYSE:CVX) Trading Down 0.3%

Chevron Co. (NYSE:CVX - Get Free Report) shares were down 0.3% during trading on Tuesday . The company traded as low as $160.60 and last traded at $161.48. Approximately 920,258 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 8,397,266 shares. The stock had previously closed at $161.92.

Wall Street Analyst Weigh In

A number of research analysts have commented on CVX shares. Barclays started coverage on Chevron in a research note on Wednesday, April 10th. They set an "overweight" rating and a $203.00 price target on the stock. Wells Fargo & Company upped their price target on Chevron from $185.00 to $198.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. DZ Bank cut Chevron from a "buy" rating to a "hold" rating and set a $160.00 price target on the stock. in a research note on Tuesday, February 6th. Scotiabank upgraded Chevron from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $170.00 to $195.00 in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Chevron in a research note on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $184.75.

Chevron Stock Up 0.6 %

The stock has a market cap of $302.46 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. The firm has a fifty day moving average of $155.88 and a 200 day moving average of $151.66. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.19 by $0.26. The firm had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. Chevron's revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.09 earnings per share. On average, equities research analysts anticipate that Chevron Co. will post 13.58 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.00%. The ex-dividend date was Thursday, February 15th. This is an increase from Chevron's previous quarterly dividend of $1.51. Chevron's dividend payout ratio is currently 57.39%.

Insider Buying and Selling at Chevron

In other Chevron 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 value of $448,252.00. Following the completion of the transaction, the vice president now owns 276 shares in the company, valued at $44,184.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chevron

Several large investors have recently bought and sold shares of CVX. Precedent Wealth Partners LLC boosted its stake in shares of Chevron by 6.4% during the first quarter. Precedent Wealth Partners LLC now owns 9,470 shares of the oil and gas company's stock worth $1,494,000 after buying an additional 566 shares during the period. Absher Wealth Management LLC boosted its stake in shares of Chevron by 18.2% during the first quarter. Absher Wealth Management LLC now owns 120,779 shares of the oil and gas company's stock worth $19,052,000 after buying an additional 18,596 shares during the period. Bfsg LLC boosted its stake in shares of Chevron by 1.6% during the first quarter. Bfsg LLC now owns 27,583 shares of the oil and gas company's stock worth $4,351,000 after buying an additional 442 shares during the period. Milestone Asset Management LLC acquired a new stake in shares of Chevron during the first quarter worth about $2,825,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Chevron by 4.6% during the first quarter. Global Retirement Partners LLC now owns 47,596 shares of the oil and gas company's stock worth $7,508,000 after buying an additional 2,080 shares during the period. Institutional investors and hedge funds 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.