Chevron (NYSE:CVX) Stock Price Up 0.3% – What’s Next?

Chevron Co. (NYSE:CVX)’s stock price rose 0.3% during mid-day trading on Tuesday . The stock traded as high as $156.03 and last traded at $155.74. Approximately 1,419,818 shares were traded during trading, a decline of 81% from the average daily volume of 7,354,042 shares. The stock had previously closed at $155.34.

Analyst Ratings Changes

CVX has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $175.00 price objective on shares of Chevron in a research report on Monday, February 3rd. Barclays lowered their price objective on Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Finally, UBS Group lowered their price objective on Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

Chevron Stock Up 0.6 %

The stock has a 50 day moving average price of $151.82 and a 200-day moving average price of $150.75. The stock has a market capitalization of $280.76 billion, a P/E ratio of 16.07, a PEG ratio of 1.39 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a net margin of 8.71% and a return on equity of 11.44%. During the same period in the prior year, the firm earned $3.45 EPS. As a group, research analysts expect that Chevron Co. will post 10.84 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $1.71 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.38%. Chevron’s dividend payout ratio (DPR) is presently 67.08%.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the sale, the vice president now directly owns 1,057 shares of the company’s stock, valued at $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.

Institutional Trading of Chevron

Several large investors have recently modified their holdings of the business. Chicago Capital LLC lifted its holdings in Chevron by 3.0% in the third quarter. Chicago Capital LLC now owns 9,733 shares of the oil and gas company’s stock worth $1,433,000 after buying an additional 279 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in Chevron by 0.3% in the third quarter. Cyndeo Wealth Partners LLC now owns 19,769 shares of the oil and gas company’s stock worth $2,911,000 after buying an additional 67 shares during the period. Compass Ion Advisors LLC lifted its holdings in Chevron by 3.0% in the third quarter. Compass Ion Advisors LLC now owns 5,931 shares of the oil and gas company’s stock worth $874,000 after buying an additional 174 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Chevron by 14.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 223,561 shares of the oil and gas company’s stock worth $32,924,000 after buying an additional 27,483 shares during the period. Finally, Godsey & Gibb Inc. lifted its holdings in Chevron by 2.9% in the third quarter. Godsey & Gibb Inc. now owns 125,724 shares of the oil and gas company’s stock worth $18,515,000 after buying an additional 3,544 shares during the period. 72.42% of the stock is owned by institutional investors.

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.