Chevron Co. (NYSE:CVX - Get Free Report)'s share price shot up 0.6% during trading on Friday . The stock traded as high as $145.71 and last traded at $144.78. 1,125,463 shares were traded during trading, a decline of 86% from the average session volume of 7,796,422 shares. The stock had previously closed at $143.98.
Analyst Ratings Changes
Several analysts recently issued reports on CVX shares. Scotiabank cut their price objective on Chevron from $180.00 to $163.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Truist Financial lifted their price target on Chevron from $155.00 to $160.00 and gave the company a "hold" rating in a report on Friday, December 6th. Mizuho dropped their price objective on Chevron from $205.00 to $189.00 and set an "outperform" rating on the stock in a report on Monday, September 16th. Wells Fargo & Company lifted their target price on shares of Chevron from $171.00 to $188.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Finally, Citigroup upgraded shares of Chevron from a "neutral" rating to a "buy" rating and raised their price target for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $175.19.
Get Our Latest Analysis on CVX
Chevron Trading Up 0.0 %
The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The company has a market capitalization of $258.78 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 2.93 and a beta of 1.10. The business has a fifty day moving average price of $154.20 and a 200 day moving average price of $151.53.
Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analysts' expectations of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.05 EPS. On average, equities analysts expect that Chevron Co. will post 10.5 EPS for the current fiscal year.
Chevron Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend was Monday, November 18th. Chevron's dividend payout ratio (DPR) is presently 71.65%.
Insider Activity at Chevron
In other news, CEO Michael K. Wirth sold 164,600 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the transaction, the chief executive officer now directly owns 4,280 shares of the company's stock, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rational Advisors LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC bought a new stake in Chevron during the third quarter worth about $29,000. Darwin Wealth Management LLC bought a new stake in Chevron during the third quarter worth about $30,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Chevron during the third quarter worth approximately $31,000. Finally, Anfield Capital Management LLC raised its stake in shares of Chevron by 118.0% in the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company's stock valued at $34,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 72.42% of the company's stock.
Chevron Company Profile
(
Get Free Report)
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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