Chevron (NYSE:CVX) Shares Down 1%

Shares of Chevron Co. (NYSE:CVX - Get Free Report) traded down 1% during trading on Thursday . The company traded as low as $140.63 and last traded at $142.54. 2,358,065 shares were traded during mid-day trading, a decline of 70% from the average session volume of 7,797,038 shares. The stock had previously closed at $143.97.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Mizuho reduced their price target on shares of Chevron from $205.00 to $189.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. UBS Group cut their target price on shares of Chevron from $192.00 to $189.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. Royal Bank of Canada cut their target price on shares of Chevron from $190.00 to $180.00 and set an "outperform" rating for the company in a research report on Monday, August 5th. Wolfe Research assumed coverage on shares of Chevron in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Finally, Barclays cut their target price on shares of Chevron from $203.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.41.

Chevron Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.85. The firm has a market cap of $259.71 billion, a P/E ratio of 13.06, a PEG ratio of 2.68 and a beta of 1.09. The stock's 50-day simple moving average is $147.30 and its two-hundred day simple moving average is $154.42.

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 for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $48.68 billion. During the same quarter last year, the firm earned $3.08 EPS. The company's revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Chevron Co. will post 11.02 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. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Monday, August 19th. Chevron's dividend payout ratio (DPR) is 59.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CVX. American Capital Advisory LLC grew its holdings in shares of Chevron by 403.2% in the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 125 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of Chevron in the fourth quarter worth about $30,000. Anfield Capital Management LLC grew its holdings in shares of Chevron by 118.0% in the second 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 grew its holdings in shares of Chevron by 66.7% in the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Finally, Cooksen Wealth LLC bought a new position in shares of Chevron in the fourth quarter worth 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.