Chevron Corporation (CVX) Insider Sells $2,716,762.50 in Stock
Chevron Corporation (NYSE:CVX) insider Pierre R. Breber sold 23,250 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $116.85, for a total value of $2,716,762.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Chevron Corporation (NYSE CVX) opened at $114.71 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. Chevron Corporation has a 52 week low of $102.55 and a 52 week high of $120.89. The company has a market capitalization of $217,610.00, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22.
Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The business had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same period last year, the business posted $0.68 EPS. The company’s revenue was up 20.1% compared to the same quarter last year. equities research analysts anticipate that Chevron Corporation will post 4.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.77%. Chevron Corporation’s dividend payout ratio is 125.95%.
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A number of institutional investors and hedge funds have recently modified their holdings of the business. New Capital Management LP boosted its stake in Chevron Corporation by 0.3% during the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 4 shares during the last quarter. Hochman Cole Investment Advisors Inc. boosted its stake in Chevron Corporation by 0.3% during the 2nd quarter. Hochman Cole Investment Advisors Inc. now owns 2,682 shares of the oil and gas company’s stock valued at $280,000 after purchasing an additional 7 shares during the last quarter. Valley National Advisers Inc. boosted its stake in Chevron Corporation by 0.4% during the 2nd quarter. Valley National Advisers Inc. now owns 2,612 shares of the oil and gas company’s stock valued at $273,000 after purchasing an additional 11 shares during the last quarter. Deschutes Portfolio Strategy LLC boosted its stake in Chevron Corporation by 0.5% during the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 13 shares during the last quarter. Finally, Regis Management CO LLC boosted its stake in Chevron Corporation by 0.4% during the 2nd quarter. Regis Management CO LLC now owns 3,269 shares of the oil and gas company’s stock valued at $341,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 63.03% of the company’s stock.
A number of research analysts have commented on CVX shares. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Zacks Investment Research raised Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. BNP Paribas raised Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target for the company in a research report on Monday, August 7th. TheStreet lowered Chevron Corporation from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Finally, BidaskClub raised Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Chevron Corporation currently has a consensus rating of “Buy” and a consensus price target of $120.54.
About Chevron Corporation
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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