Chevron (NYSE:CVX) Stock Price Down 0.6% - What's Next?

Shares of Chevron Co. (NYSE:CVX - Get Free Report) fell 0.6% during trading on Monday . The stock traded as low as $157.22 and last traded at $157.68. 1,411,192 shares traded hands during trading, a decline of 80% from the average session volume of 7,166,705 shares. The stock had previously closed at $158.62.

Analyst Ratings Changes

CVX has been the subject of several recent analyst reports. Piper Sandler cut their target price on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. UBS Group cut their price objective on Chevron from $195.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 target price on the stock in a research report on Tuesday, November 5th. Citigroup upgraded shares of Chevron from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $175.00 target price on shares of Chevron 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $174.13.

Chevron Stock Down 0.7 %

The firm has a market cap of $265.73 billion, a PE ratio of 15.53, a PEG ratio of 1.46 and a beta of 1.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $153.65 and a 200-day moving average price of $151.61.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share 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 posted $3.45 earnings per share. Research analysts forecast that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $1.71 per share. 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 4.53%. The ex-dividend date of this dividend is Friday, February 14th. Chevron's payout ratio is 70.37%.

Insider Activity at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of the company'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 value of $1,422,062.50. Following the completion of the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Chevron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Life Planning Partners Inc acquired a new stake in Chevron during the 4th quarter worth $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Chevron during the fourth quarter worth about $25,000. Rational Advisors LLC purchased a new stake in shares of Chevron in the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of Chevron in the 3rd quarter valued at about $29,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Chevron in the 4th quarter valued at about $29,000. Institutional investors and hedge funds 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.

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