Chevron (NYSE:CVX) Shares Down 0.1%

Chevron Co. (NYSE:CVX - Get Free Report) shares fell 0.1% during trading on Wednesday . The stock traded as low as $161.45 and last traded at $162.74. 1,915,685 shares were traded during trading, a decline of 77% from the average session volume of 8,372,916 shares. The stock had previously closed at $162.85.

Wall Street Analysts Forecast Growth

CVX has been the topic of several recent research reports. TD Cowen cut shares of Chevron from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $170.00 to $150.00 in a research report on Tuesday, January 23rd. UBS Group raised their price target on Chevron from $185.00 to $197.00 and gave the company a "buy" rating in a research note on Tuesday, April 9th. Royal Bank of Canada upped 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. DZ Bank lowered shares of Chevron from a "buy" rating to a "hold" rating and set a $160.00 price target on the stock. in a research report on Tuesday, February 6th. Finally, Piper Sandler lifted their price objective on shares of Chevron from $180.00 to $204.00 and gave the company an "overweight" rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $184.75.

Chevron Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $156.14 and its 200 day moving average is $151.75. The firm has a market capitalization of $304.02 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 2.38 and a beta of 1.12.

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

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a dividend of $1.63 per share. 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 annualized dividend and a dividend yield of 3.98%. Chevron's dividend payout ratio (DPR) is currently 57.39%.

Insider Buying and Selling at Chevron

In related news, VP Alana K. Knowles sold 2,800 shares of the company's 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 completion of the sale, the vice president now directly owns 276 shares in the company, valued at approximately $44,184.84. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Chevron

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacifica Partners Inc. lifted its position in shares of Chevron by 1.8% in the first quarter. Pacifica Partners Inc. now owns 3,492 shares of the oil and gas company's stock worth $546,000 after buying an additional 63 shares in the last quarter. Sweet Financial Partners LLC grew its stake in shares of Chevron by 0.7% in the 3rd quarter. Sweet Financial Partners LLC now owns 8,761 shares of the oil and gas company's stock worth $1,477,000 after buying an additional 65 shares in the last quarter. Strategic Investment Advisors MI raised its position in shares of Chevron by 3.8% during the 3rd quarter. Strategic Investment Advisors MI now owns 1,758 shares of the oil and gas company's stock valued at $296,000 after buying an additional 65 shares in the last quarter. Ellenbecker Investment Group lifted its holdings in shares of Chevron by 1.5% in the 1st quarter. Ellenbecker Investment Group now owns 4,346 shares of the oil and gas company's stock valued at $686,000 after acquiring an additional 65 shares during the last quarter. Finally, Mayfair Advisory Group LLC grew its position in Chevron by 0.7% in the first quarter. Mayfair Advisory Group LLC now owns 9,407 shares of the oil and gas company's stock worth $1,484,000 after acquiring an additional 65 shares in the last quarter. Institutional investors 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.