Chevron Corporation (NYSE:CVX) insider Pierre R. Breber sold 23,250 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $116.85, for a total transaction of $2,716,762.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Chevron Corporation (CVX) traded up $0.14 during trading hours on Friday, reaching $114.71. 4,337,357 shares of the company traded hands, compared to its average volume of 5,669,520. Chevron Corporation has a one year low of $102.55 and a one year high of $120.89. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The firm has a market cap of $217,880.00, a P/E ratio of 32.62, a PEG ratio of 3.89 and a beta of 1.22.
Chevron Corporation (NYSE:CVX) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The company had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter in the prior year, the company earned $0.68 EPS. Chevron Corporation’s quarterly revenue was up 20.1% on a year-over-year basis. research analysts anticipate that Chevron Corporation will post 4.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.77%. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.
Several hedge funds and other institutional investors have recently modified their holdings of CVX. Shine Investment Advisory Services Inc. purchased a new position in shares of Chevron Corporation during the 2nd quarter valued at approximately $106,000. Thompson Davis & CO. Inc. lifted its position in shares of Chevron Corporation by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 191 shares in the last quarter. Winfield Associates Inc. lifted its position in shares of Chevron Corporation by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 63 shares in the last quarter. Daiwa SB Investments Ltd. lifted its position in shares of Chevron Corporation by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 1,140 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its position in shares of Chevron Corporation by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 800 shares in the last quarter. 63.03% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have weighed in on CVX. Credit Suisse Group set a $123.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup Inc. lowered their price target on shares of Chevron Corporation from $129.00 to $118.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Barclays PLC raised shares of Chevron Corporation to an “overweight” rating in a report on Wednesday, October 11th. BMO Capital Markets set a $120.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a report on Sunday, July 30th. Finally, Vetr downgraded shares of Chevron Corporation from a “buy” rating to a “hold” rating and set a $124.92 price target on the stock. in a report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price 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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