Chevron (NYSE:CVX) Trading 1.1% Higher

Chevron Co. (NYSE:CVX - Get Free Report) traded up 1.1% during trading on Tuesday . The stock traded as high as $143.84 and last traded at $143.59. 1,625,242 shares were traded during trading, a decline of 79% from the average session volume of 7,734,410 shares. The stock had previously closed at $142.09.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Truist Financial dropped their target price on shares of Chevron from $156.00 to $154.00 and set a "hold" rating for the company in a report on Monday, August 5th. Barclays dropped their price objective on shares of Chevron from $203.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. Royal Bank of Canada decreased their target price on shares of Chevron from $190.00 to $180.00 and set an "outperform" rating on the stock in a research note on Monday, August 5th. Mizuho lowered their price target on shares of Chevron from $205.00 to $189.00 and set an "outperform" rating for the company in a report on Monday. Finally, Wolfe Research assumed coverage on Chevron in a report on Thursday, July 18th. They set 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $182.88.

Chevron Stock Performance

The company's 50-day moving average price is $148.69 and its two-hundred day moving average price is $154.61. The company has a market capitalization of $262.38 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 2.41 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly 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 firm had revenue of $51.18 billion for the quarter, compared to the consensus estimate of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $3.08 EPS. On average, equities research analysts anticipate that Chevron Co. will post 11.57 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Monday, August 19th. Chevron's dividend payout ratio (DPR) is presently 59.98%.

Institutional Trading of Chevron

Large investors have recently modified their holdings of the stock. Eagle Capital Management LLC increased its stake in Chevron by 0.5% in the first quarter. Eagle Capital Management LLC now owns 34,455 shares of the oil and gas company's stock valued at $5,435,000 after purchasing an additional 163 shares in the last quarter. Lane & Associates LLC bought a new stake in Chevron in the 1st quarter valued at about $345,000. Seven Mile Advisory raised its stake in Chevron by 9.8% during the 4th quarter. Seven Mile Advisory now owns 2,766 shares of the oil and gas company's stock worth $413,000 after buying an additional 247 shares during the period. KCM Investment Advisors LLC boosted its holdings in Chevron by 2.5% in the first quarter. KCM Investment Advisors LLC now owns 331,550 shares of the oil and gas company's stock worth $52,299,000 after acquiring an additional 8,168 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in Chevron in the fourth quarter valued at approximately $46,000. 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.