Chevron (NYSE:CVX) Stock Price Down 0% - Time to Sell?

Chevron Co. (NYSE:CVX - Get Free Report) shares fell 0% during trading on Thursday . The company traded as low as $162.41 and last traded at $164.04. 1,824,741 shares changed hands during trading, a decline of 75% from the average session volume of 7,258,878 shares. The stock had previously closed at $164.05.

Analyst Upgrades and Downgrades

CVX has been the topic of several research analyst reports. Truist Financial cut their price objective on Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Citigroup raised shares of Chevron from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. UBS Group decreased their price objective on shares of Chevron from $195.00 to $194.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Raymond James dropped their target price on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, Wells Fargo & Company decreased their price target on shares of Chevron from $188.00 to $184.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $174.13.

Chevron Stock Performance

The company has a 50-day moving average price of $156.29 and a two-hundred day moving average price of $152.57. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $289.39 billion, a P/E ratio of 16.91, a PEG ratio of 1.46 and a beta of 1.08.

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Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the previous year, the firm earned $3.45 earnings per share. Equities analysts expect that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm 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. This represents a $6.84 annualized dividend and a yield of 4.16%. This is a boost from Chevron's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Friday, February 14th. Chevron's payout ratio is presently 70.37%.

Insiders Place Their Bets

In other news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the transaction, the vice president now owns 1,057 shares of the company's stock, valued at $161,192.50. This represents a 89.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On Chevron

Several hedge funds have recently added to or reduced their stakes in CVX. DSG Capital Advisors LLC purchased a new position in shares of Chevron during the 4th quarter valued at about $2,743,000. Chancellor Financial Group WB LP purchased a new stake in Chevron in the fourth quarter worth approximately $632,000. Triton Wealth Management PLLC grew its position in Chevron by 24.8% during the fourth quarter. Triton Wealth Management PLLC now owns 2,913 shares of the oil and gas company's stock valued at $461,000 after acquiring an additional 578 shares during the last quarter. Thoma Capital Management LLC bought a new stake in shares of Chevron in the 4th quarter worth approximately $658,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Chevron by 16.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,029,649 shares of the oil and gas company's stock worth $149,134,000 after acquiring an additional 148,050 shares during the last quarter. 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.