Chevron Co. (NYSE:CVX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Chevron Co. (NYSE:CVX) have received a consensus rating of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $180.24.

CVX has been the topic of several research analyst reports. Barclays lowered their target price on shares of Chevron from $203.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Wolfe Research assumed coverage on shares of Chevron in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. 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. Wells Fargo & Company lowered their price target on Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Sanford C. Bernstein lowered Chevron from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $183.00 to $167.00 in a report on Wednesday, July 17th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. lifted its position in shares of Chevron by 209.1% in the second quarter. Centaurus Financial Inc. now owns 32,190 shares of the oil and gas company’s stock valued at $5,035,000 after acquiring an additional 21,777 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in Chevron by 12.1% in the 2nd quarter. Anchor Investment Management LLC now owns 41,459 shares of the oil and gas company’s stock worth $6,485,000 after purchasing an additional 4,478 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Chevron by 75.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,885 shares of the oil and gas company’s stock worth $21,724,000 after purchasing an additional 59,885 shares during the period. Verity & Verity LLC grew its holdings in Chevron by 1.3% during the 2nd quarter. Verity & Verity LLC now owns 164,657 shares of the oil and gas company’s stock valued at $25,756,000 after buying an additional 2,176 shares in the last quarter. Finally, Heritage Wealth Management Inc. bought a new stake in shares of Chevron during the second quarter valued at approximately $4,007,000. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 2.5 %

NYSE:CVX opened at $145.49 on Monday. The stock has a market cap of $268.13 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.68 and a beta of 1.09. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average price is $146.63 and its 200-day moving average price is $154.31. Chevron has a 52 week low of $135.37 and a 52 week high of $171.70.

Chevron (NYSE:CVX) last posted its earnings results 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 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 for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.08 EPS. On average, equities research analysts forecast that Chevron will post 11.02 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.48%. Chevron’s payout ratio is 59.98%.

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.