Chevron (NYSE:CVX) Shares Down 0.3%

Shares of Chevron Co. (NYSE:CVX - Get Free Report) were down 0.3% during trading on Friday . The stock traded as low as $143.44 and last traded at $144.62. Approximately 3,587,479 shares traded hands during trading, a decline of 54% from the average daily volume of 7,730,658 shares. The stock had previously closed at $144.99.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of research analyst reports. Barclays cut their price target on Chevron from $203.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, August 6th. Wolfe Research started coverage on Chevron in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Truist Financial reduced their target price on shares of Chevron from $156.00 to $154.00 and set a "hold" rating on the stock in a research note on Monday, August 5th. UBS Group decreased their price objective on Chevron from $192.00 to $189.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada decreased their price objective on shares of Chevron from $190.00 to $180.00 and set an "outperform" rating for the company in a report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Chevron currently has an average rating of "Moderate Buy" and a consensus target price of $182.41.

Chevron Stock Performance

The stock's 50-day moving average price is $148.26 and its 200 day moving average price is $154.47. The firm has a market cap of $266.51 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 2.48 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 the consensus estimate of $2.93 by ($0.38). The business had revenue of $51.18 billion for 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 company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $3.08 earnings per share. As a group, equities analysts predict that Chevron Co. will post 11.48 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Monday, August 19th. Chevron's dividend payout ratio (DPR) is 59.98%.

Institutional Investors Weigh In On Chevron

Large investors have recently made changes to their positions in the stock. Eagle Capital Management LLC lifted its position in shares of 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 buying an additional 163 shares during the last quarter. Lane & Associates LLC bought a new position in Chevron during the first quarter worth $345,000. KCM Investment Advisors LLC increased its holdings in shares of 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 valued at $52,299,000 after purchasing an additional 8,168 shares during the last quarter. Livelsberger Financial Advisory bought a new position in shares of Chevron in the fourth quarter valued at about $46,000. Finally, Hosking Partners LLP acquired a new stake in shares of Chevron during the 1st quarter worth about $4,924,000. 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.

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