Chevron (NYSE:CVX) Shares Down 1.6%

Chevron Co. (NYSE:CVX)’s share price was down 1.6% on Monday . The company traded as low as $155.33 and last traded at $155.38. Approximately 1,070,344 shares traded hands during trading, a decline of 86% from the average daily volume of 7,760,216 shares. The stock had previously closed at $157.84.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CVX shares. Scotiabank cut their price target on shares of Chevron from $195.00 to $180.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Wells Fargo & Company upped their price target on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Wolfe Research initiated coverage on shares of Chevron in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Mizuho upped their price objective on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Barclays initiated coverage on shares of Chevron in a research report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price objective for the company. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $185.67.

Chevron Stock Performance

The stock’s 50 day moving average price is $156.58 and its 200 day moving average price is $155.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 1.23. The company has a market capitalization of $294.08 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 2.52 and a beta of 1.10.

Insider Activity

In related news, Director Enrique Hernandez, Jr. sold 5,098 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $163.50, for a total transaction of $833,523.00. Following the transaction, the director now directly owns 2,549 shares of the company’s stock, valued at $416,761.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Jeff B. Gustavson sold 3,750 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the transaction, the vice president now directly owns 477 shares of the company’s stock, valued at $76,429.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $163.50, for a total transaction of $833,523.00. Following the transaction, the director now directly owns 2,549 shares in the company, valued at $416,761.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,946 shares of company stock valued at $2,265,971. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CVX. Secure Asset Management LLC lifted its stake in shares of Chevron by 0.8% in the fourth quarter. Secure Asset Management LLC now owns 12,545 shares of the oil and gas company’s stock valued at $1,871,000 after buying an additional 102 shares in the last quarter. Covenant Asset Management LLC lifted its stake in shares of Chevron by 2.6% in the fourth quarter. Covenant Asset Management LLC now owns 10,350 shares of the oil and gas company’s stock valued at $1,544,000 after buying an additional 267 shares in the last quarter. Chicago Capital LLC raised its holdings in shares of Chevron by 4.8% in the fourth quarter. Chicago Capital LLC now owns 9,944 shares of the oil and gas company’s stock valued at $1,483,000 after purchasing an additional 459 shares during the last quarter. Coerente Capital Management raised its holdings in shares of Chevron by 2.8% in the fourth quarter. Coerente Capital Management now owns 20,540 shares of the oil and gas company’s stock valued at $3,064,000 after purchasing an additional 565 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its holdings in shares of Chevron by 133.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 17,600 shares of the oil and gas company’s stock valued at $2,625,000 after purchasing an additional 10,077 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

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.