Chevron (NYSE:CVX) Trading Down 1.7%

Chevron Co. (NYSE:CVX - Get Free Report)'s stock price was down 1.7% during trading on Tuesday . The stock traded as low as $137.19 and last traded at $137.86. Approximately 2,429,228 shares traded hands during trading, a decline of 69% from the average daily volume of 7,749,616 shares. The stock had previously closed at $140.30.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CVX shares. Sanford C. Bernstein cut shares of Chevron from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $183.00 to $167.00 in a research note on Wednesday, July 17th. Truist Financial reduced their price objective on shares of Chevron from $156.00 to $154.00 and set a "hold" rating for the company in a research note on Monday, August 5th. Barclays reduced 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. Mizuho lifted their target price on shares of Chevron from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Monday, May 13th. Finally, Scotiabank dropped their target price on shares of Chevron from $195.00 to $180.00 and set a "sector outperform" rating for the company in a research report on Friday, July 12th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $183.82.

Chevron Stock Down 1.5 %

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 $254.73 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09. The company's fifty day simple moving average is $150.13 and its 200 day simple moving average is $155.04.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.08 earnings per share. Research analysts expect that Chevron Co. will post 11.86 EPS for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be paid a $1.63 dividend. The ex-dividend date is Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.72%. Chevron's payout ratio is 59.98%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CVX. American Capital Advisory LLC grew its position in Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 125 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in Chevron during the 4th quarter valued at about $30,000. Anfield Capital Management LLC boosted its holdings 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 valued at $34,000 after acquiring an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC boosted its holdings in shares of Chevron by 66.7% during the 2nd 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. Finally, Cooksen Wealth LLC purchased a new stake in shares of Chevron during the 4th quarter valued at about $40,000. 72.42% of the stock is currently owned by 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.