Chevron (NYSE:CVX) Trading Up 0.5% - Time to Buy?

Chevron Co. (NYSE:CVX - Get Free Report) shares were up 0.5% during trading on Tuesday . The stock traded as high as $167.93 and last traded at $168.10. Approximately 1,652,309 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 7,603,746 shares. The stock had previously closed at $167.29.

Analysts Set New Price Targets

Several brokerages recently commented on CVX. UBS Group reduced their price target on shares of Chevron from $195.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Truist Financial reduced their price objective on Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their target price on Chevron from $188.00 to $184.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Raymond James reduced their price target on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $175.00 price objective on shares of Chevron in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $174.13.

Chevron Trading Down 8.3 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The company has a market capitalization of $251.95 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.46 and a beta of 0.93. The company has a 50-day simple moving average of $157.63 and a 200 day simple moving average of $154.10.

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Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate 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 quarter last year, the firm earned $3.45 EPS. Sell-side analysts expect that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.78%. Chevron's dividend payout ratio (DPR) is 70.37%.

Insider Buying and Selling at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On Chevron

A number of institutional investors have recently bought and sold shares of CVX. Quent Capital LLC lifted its holdings in shares of Chevron by 41.5% during the 1st quarter. Quent Capital LLC now owns 4,661 shares of the oil and gas company's stock worth $780,000 after acquiring an additional 1,368 shares during the period. Farmers Trust Co. raised its position in Chevron by 2.2% in the first quarter. Farmers Trust Co. now owns 9,676 shares of the oil and gas company's stock worth $1,619,000 after purchasing an additional 204 shares in the last quarter. Sage Capital Advisors llc lifted its stake in Chevron by 2.2% during the first quarter. Sage Capital Advisors llc now owns 42,421 shares of the oil and gas company's stock worth $7,097,000 after purchasing an additional 919 shares during the period. Moody National Bank Trust Division boosted its holdings in Chevron by 2.3% during the first quarter. Moody National Bank Trust Division now owns 25,579 shares of the oil and gas company's stock valued at $4,279,000 after purchasing an additional 568 shares in the last quarter. Finally, Agate Pass Investment Management LLC grew its stake in shares of Chevron by 54.9% in the 1st quarter. Agate Pass Investment Management LLC now owns 12,023 shares of the oil and gas company's stock valued at $2,011,000 after purchasing an additional 4,262 shares during the period. Institutional investors and hedge funds 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.