Chevron (NYSE:CVX) Shares Down 0.3%

Chevron Co. (NYSE:CVX - Get Free Report) shares dropped 0.3% during mid-day trading on Monday . The stock traded as low as $164.69 and last traded at $165.35. Approximately 1,716,490 shares were traded during trading, a decline of 80% from the average daily volume of 8,392,820 shares. The stock had previously closed at $165.89.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CVX. Mizuho raised 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. Barclays began coverage on shares of Chevron in a research report on Wednesday, April 10th. They issued an "overweight" rating and a $203.00 target price for the company. The Goldman Sachs Group reiterated a "buy" rating on shares of Chevron in a research report on Monday, April 1st. UBS Group raised their price objective on shares of Chevron from $185.00 to $197.00 and gave the stock a "buy" rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Company lifted their price objective on Chevron from $185.00 to $198.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $185.25.

Chevron Trading Up 0.3 %

The stock has a market cap of $308.94 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.44 and a beta of 1.12. The firm has a 50-day moving average price of $156.58 and a 200-day moving average price of $151.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.38%. The business had revenue of $48.72 billion during the quarter, compared to analysts' expectations of $48.42 billion. During the same period in the previous year, the company earned $3.55 earnings per share. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that Chevron Co. will post 13.58 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 3.92%. Chevron's dividend payout ratio is 59.98%.

Insiders Place Their Bets

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the business's stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the completion of the transaction, the vice president now owns 276 shares of the company's stock, valued at approximately $45,540. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On Chevron

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVX. American Capital Advisory LLC boosted its holdings in shares of Chevron by 403.2% in the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company's stock worth $25,000 after buying an additional 125 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Chevron during the 3rd quarter worth $26,000. Bare Financial Services Inc bought a new stake in shares of Chevron during the 4th quarter valued at $27,000. Valley Forge Investment Consultants Inc. ADV increased its stake in shares of Chevron by 80.0% in the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company's stock worth $30,000 after purchasing an additional 80 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in Chevron in the 4th quarter worth $30,000. Hedge funds and other 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.