Chevron (NYSE:CVX) Trading Down 2.9%

Chevron Co. (NYSE:CVX) traded down 2.9% during mid-day trading on Thursday . The company traded as low as $155.33 and last traded at $155.88. 3,718,095 shares were traded during trading, a decline of 52% from the average session volume of 7,735,651 shares. The stock had previously closed at $160.47.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CVX shares. HSBC upped their target price on Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Mizuho increased their price target on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. UBS Group boosted their price objective on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Barclays assumed coverage on Chevron in a research report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 target price on the stock. Finally, Truist Financial cut their price target on shares of Chevron from $166.00 to $156.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Chevron Price Performance

The stock has a market cap of $281.26 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.56 and a beta of 1.10. The company’s 50 day moving average is $156.64 and its 200 day moving average is $155.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93.

Insider Buying and Selling

In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $165.24, for a total transaction of $421,196.76. Following the sale, the director now owns 27,725 shares in the company, valued at approximately $4,581,279. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Enrique Hernandez, Jr. sold 5,098 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.50, for a total value of $833,523.00. Following the completion of the sale, the director now owns 2,549 shares of the company’s stock, valued at $416,761.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $165.24, for a total transaction of $421,196.76. Following the completion of the sale, the director now directly owns 27,725 shares of the company’s stock, valued at approximately $4,581,279. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,397 shares of company stock valued at $1,855,582. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CVX. Eukles Asset Management raised its position in shares of Chevron by 4.2% during the 2nd quarter. Eukles Asset Management now owns 2,631 shares of the oil and gas company’s stock worth $411,000 after purchasing an additional 105 shares during the period. Elevated Capital Advisors LLC bought a new stake in Chevron in the second quarter valued at $1,076,000. LCM Capital Management Inc boosted its holdings in shares of Chevron by 1.2% during the second quarter. LCM Capital Management Inc now owns 8,265 shares of the oil and gas company’s stock valued at $1,293,000 after acquiring an additional 96 shares during the period. Hilltop Partners LLC grew its position in shares of Chevron by 32.4% during the second quarter. Hilltop Partners LLC now owns 5,206 shares of the oil and gas company’s stock worth $814,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Cravens & Co Advisors LLC lifted its position in Chevron by 1.9% in the 2nd quarter. Cravens & Co Advisors LLC now owns 9,881 shares of the oil and gas company’s stock valued at $1,546,000 after purchasing an additional 185 shares during the last quarter. 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.