Chevron (NYSE:CVX) Stock Price Down 0.7% - Time to Sell?

Shares of Chevron Co. (NYSE:CVX - Get Free Report) were down 0.7% on Monday . The stock traded as low as $148.25 and last traded at $149.70. Approximately 2,146,012 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 7,624,908 shares. The stock had previously closed at $150.81.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $170.00 target price on shares of Chevron in a research report on Tuesday, October 8th. Wolfe Research began coverage on shares of Chevron in a report on Thursday, July 18th. They set a "peer perform" rating for the company. Barclays lowered their price objective on shares of Chevron from $185.00 to $168.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Scotiabank decreased their price target on shares of Chevron from $180.00 to $163.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lowered their price target on shares of Chevron from $196.00 to $169.00 and set an "overweight" rating on the stock in a report on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Chevron has an average rating of "Moderate Buy" and a consensus price target of $173.07.

Chevron Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The firm has a market cap of $275.34 billion, a P/E ratio of 14.91, a P/E/G ratio of 3.29 and a beta of 1.09. The firm has a 50 day simple moving average of $146.66 and a 200 day simple moving average of $153.15.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts' consensus estimates of $2.93 by ($0.38). The firm had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. Chevron had a net margin of 9.31% and a return on equity of 13.70%. Chevron's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.08 earnings per share. On average, equities research analysts predict that Chevron Co. will post 10.86 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.33%. Chevron's dividend payout ratio (DPR) is currently 64.55%.

Institutional Investors Weigh In On Chevron

Institutional investors and hedge funds have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV increased its holdings in shares of Chevron by 165.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 14,154 shares of the oil and gas company's stock worth $2,085,000 after buying an additional 8,822 shares during the last quarter. Focus Financial Network Inc. grew its position in Chevron by 1.0% in the third quarter. Focus Financial Network Inc. now owns 16,956 shares of the oil and gas company's stock worth $2,497,000 after acquiring an additional 173 shares in the last quarter. Principal Securities Inc. increased its stake in Chevron by 3.3% in the third quarter. Principal Securities Inc. now owns 46,428 shares of the oil and gas company's stock valued at $6,837,000 after acquiring an additional 1,484 shares during the last quarter. Stephens Inc. AR raised its position in Chevron by 30.5% during the third quarter. Stephens Inc. AR now owns 211,285 shares of the oil and gas company's stock valued at $31,116,000 after purchasing an additional 49,376 shares in the last quarter. Finally, Summit Wealth Partners LLC lifted its stake in Chevron by 14.9% during the third quarter. Summit Wealth Partners LLC now owns 2,154 shares of the oil and gas company's stock worth $317,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Company Profile

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.