Chevron (NYSE:CVX) Trading Up 0.6% - Should You Buy?

Chevron Co. (NYSE:CVX - Get Free Report) traded up 0.6% on Thursday . The company traded as high as $150.35 and last traded at $149.62. 1,080,681 shares changed hands during trading, a decline of 86% from the average session volume of 7,690,815 shares. The stock had previously closed at $148.73.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Sanford C. Bernstein downgraded Chevron from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $183.00 to $167.00 in a research note on Wednesday, July 17th. Truist Financial lowered their price target on shares of Chevron from $154.00 to $150.00 and set a "hold" rating on the stock in a report on Monday, September 30th. UBS Group lifted their price objective on shares of Chevron from $189.00 to $192.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Royal Bank of Canada reissued an "outperform" rating and set a $170.00 target price on shares of Chevron in a research note on Tuesday, October 8th. Finally, Mizuho reduced their price target on Chevron from $205.00 to $189.00 and set an "outperform" rating for the company in a report on Monday, September 16th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Chevron has an average rating of "Moderate Buy" and an average price target of $174.81.

Chevron Trading Up 1.7 %

The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $276.51 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 2.74 and a beta of 1.09. The company has a fifty day moving average price of $145.96 and a two-hundred day moving average price of $153.76.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing analysts' consensus estimates of $2.93 by ($0.38). Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company had revenue of $51.18 billion for the quarter, compared to analyst estimates of $48.68 billion. During the same period last year, the firm posted $3.08 EPS. The business's quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Chevron Co. will post 11.06 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Monday, August 19th. Chevron's dividend payout ratio is currently 64.55%.

Hedge Funds Weigh In On Chevron

Institutional investors and hedge funds have recently bought and sold shares of the company. Anfield Capital Management LLC increased its position in shares of Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company's stock worth $34,000 after purchasing an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC increased its position in shares of Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company's stock valued at $39,000 after acquiring an additional 100 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Chevron in the 3rd quarter valued at approximately $47,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Chevron in the 1st quarter valued at approximately $55,000. Finally, Richardson Capital Management LLC acquired a new position in shares of Chevron in the 1st quarter worth approximately $58,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

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.