Chevron (NYSE:CVX) Insider Andrew Benjamin Walz Sells 1,463 Shares

Chevron Corporation (NYSE:CVXGet Free Report) insider Andrew Benjamin Walz sold 1,463 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $183.83, for a total value of $268,943.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Andrew Benjamin Walz also recently made the following trade(s):

  • On Thursday, February 12th, Andrew Benjamin Walz sold 666 shares of Chevron stock. The shares were sold at an average price of $183.40, for a total value of $122,144.40.
  • On Tuesday, February 3rd, Andrew Benjamin Walz sold 22,200 shares of Chevron stock. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00.

Chevron Stock Performance

CVX stock opened at $183.69 on Friday. Chevron Corporation has a one year low of $132.04 and a one year high of $187.90. The firm has a market cap of $369.86 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 12.23 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a 50-day simple moving average of $165.86 and a two-hundred day simple moving average of $158.48.

Chevron (NYSE:CVXGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The firm had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same quarter in the previous year, the business posted $2.06 EPS. Chevron’s revenue was down 10.2% on a year-over-year basis. On average, equities analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. Chevron’s payout ratio is currently 106.91%.

Institutional Trading of Chevron

Hedge funds and other institutional investors have recently made changes to their positions in the business. Core Wealth Advisors LLC acquired a new stake in Chevron during the 4th quarter worth about $26,000. Basso Capital Management L.P. purchased a new stake in shares of Chevron in the fourth quarter worth about $27,000. Karpus Management Inc. acquired a new stake in Chevron during the fourth quarter worth about $27,000. Quattro Advisors LLC purchased a new position in Chevron during the fourth quarter valued at approximately $27,000. Finally, Quaker Wealth Management LLC lifted its holdings in Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 439 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CVX shares. Argus set a $203.00 target price on Chevron in a research report on Tuesday, February 3rd. Wells Fargo & Company increased their price objective on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Mizuho lifted their target price on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Barclays upped their price target on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. Finally, Bank of America decreased their price target on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $176.36.

Read Our Latest Analysis on CVX

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Chevron Company Profile

(Get Free Report)

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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