Chevron (NYSE:CVX) Trading 1.7% Higher

Chevron Co. (NYSE:CVX - Get Free Report)'s stock price shot up 1.7% during mid-day trading on Monday . The company traded as high as $141.09 and last traded at $140.96. 2,135,736 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 7,732,427 shares. The stock had previously closed at $138.56.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank of Canada lowered their target price on Chevron from $190.00 to $180.00 and set an "outperform" rating for the company in a research note on Monday, August 5th. Mizuho lifted their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Monday, May 13th. Sanford C. Bernstein downgraded shares of Chevron from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $183.00 to $167.00 in a research report on Wednesday, July 17th. Barclays decreased their price objective on shares of Chevron from $203.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th. Finally, Wolfe Research initiated coverage on Chevron in a report on Thursday, July 18th. They issued a "peer perform" rating on the stock. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Chevron has a consensus rating of "Moderate Buy" and a consensus price target of $183.82.

Chevron Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The stock has a market cap of $256.60 billion, a PE ratio of 12.91, a P/E/G ratio of 2.34 and a beta of 1.09. The firm's 50-day moving average is $150.82 and its 200 day moving average is $155.26.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts' consensus estimates of $2.93 by ($0.38). The business had revenue of $51.18 billion during the quarter, compared to analysts' expectations of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. Chevron's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.08 earnings per share. As a group, research analysts anticipate that Chevron Co. will post 11.86 EPS for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Monday, August 19th. Chevron's payout ratio is currently 59.98%.

Institutional Trading of Chevron

Several hedge funds have recently made changes to their positions in the company. Heritage Wealth Management Inc. acquired a new stake in Chevron in the second quarter valued at about $4,007,000. Lazari Capital Management Inc. lifted its holdings in shares of Chevron by 23.0% in the 2nd quarter. Lazari Capital Management Inc. now owns 4,067 shares of the oil and gas company's stock valued at $636,000 after buying an additional 761 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Chevron in the second quarter valued at approximately $64,869,000. Creekside Partners purchased a new position in Chevron in the second quarter worth $1,391,000. Finally, Brown Financial Advisors acquired a new stake in Chevron in the second quarter valued at $2,329,000. 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.