Chevron (NYSE:CVX) Stock Price Up 1.9%

Chevron Co. (NYSE:CVX - Get Free Report)'s stock price was up 1.9% on Thursday . The stock traded as high as $146.67 and last traded at $146.65. Approximately 1,273,278 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 7,723,154 shares. The stock had previously closed at $143.96.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CVX shares. Scotiabank dropped their price objective on shares of Chevron from $195.00 to $180.00 and set a "sector outperform" rating for the company in a research note on Friday, July 12th. Barclays lowered their target price on Chevron from $203.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada cut their price target on Chevron from $190.00 to $180.00 and set an "outperform" rating for the company in a report on Monday, August 5th. UBS Group lowered their price objective on Chevron from $192.00 to $189.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Sanford C. Bernstein cut Chevron from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $183.00 to $167.00 in a report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $182.41.

Chevron Trading Up 0.7 %

The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $148.26 and a 200-day simple moving average of $154.47. The company has a market cap of $265.16 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 2.48 and a beta of 1.09.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.38). Chevron had a net margin of 9.31% and a return on equity of 13.70%. The firm had revenue of $51.18 billion during the quarter, compared to analysts' expectations of $48.68 billion. During the same quarter in the prior year, the firm posted $3.08 EPS. Chevron's quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Chevron Co. will post 11.48 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Monday, August 19th. Chevron's payout ratio is 59.98%.

Institutional Investors Weigh In On Chevron

Large investors have recently added to or reduced their stakes in the business. Pacifica Partners Inc. increased its position in shares of Chevron by 1.8% during the first quarter. Pacifica Partners Inc. now owns 3,492 shares of the oil and gas company's stock worth $546,000 after acquiring an additional 63 shares during the period. Private Wealth Management Group LLC boosted its stake in shares of Chevron by 15.7% in the 1st quarter. Private Wealth Management Group LLC now owns 464 shares of the oil and gas company's stock valued at $73,000 after buying an additional 63 shares during the period. Montz Harcus Wealth Management LLC grew its position in shares of Chevron by 2.2% during the second quarter. Montz Harcus Wealth Management LLC now owns 2,943 shares of the oil and gas company's stock worth $460,000 after buying an additional 63 shares in the last quarter. Hubbell Strickland Wealth Management LLC increased its stake in shares of Chevron by 0.7% during the second quarter. Hubbell Strickland Wealth Management LLC now owns 9,493 shares of the oil and gas company's stock worth $1,485,000 after buying an additional 64 shares during the period. Finally, Marks Group Wealth Management Inc increased its stake in shares of Chevron by 3.1% during the first quarter. Marks Group Wealth Management Inc now owns 2,148 shares of the oil and gas company's stock worth $339,000 after buying an additional 65 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

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.