Insider Selling: Chevron Corporation (CVX) Insider Sells 23,250 Shares of Stock
Chevron Corporation (NYSE:CVX) insider Pierre R. Breber sold 23,250 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $116.85, for a total value of $2,716,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Chevron Corporation (CVX) traded down $0.31 on Wednesday, hitting $116.92. The company had a trading volume of 6,996,400 shares, compared to its average volume of 5,669,871. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market cap of $221,920.00, a price-to-earnings ratio of 32.84, a P/E/G ratio of 3.92 and a beta of 1.22. Chevron Corporation has a twelve month low of $102.55 and a twelve month high of $120.89.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings data 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 company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. equities research analysts forecast that Chevron Corporation will post 4.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.
Large investors have recently added to or reduced their stakes in the business. Shine Investment Advisory Services Inc. purchased a new position in Chevron Corporation in the second quarter valued at about $106,000. Thompson Davis & CO. Inc. raised its position in Chevron Corporation by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 191 shares during the period. Winfield Associates Inc. raised its position in Chevron Corporation by 5.1% in the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 63 shares during the period. Daiwa SB Investments Ltd. raised its position in Chevron Corporation by 438.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 1,140 shares during the period. Finally, Acrospire Investment Management LLC raised its position in Chevron Corporation by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 800 shares during the period. 63.03% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. BidaskClub cut Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Chevron Corporation in a report on Saturday, September 16th. Citigroup Inc. lowered their target price on Chevron Corporation from $129.00 to $118.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Cowen and Company reiterated a “buy” rating and set a $122.00 target price on shares of Chevron Corporation in a report on Tuesday, September 19th. Finally, TheStreet upgraded Chevron Corporation from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. Chevron Corporation currently has a consensus rating of “Hold” and an average price target of $120.63.
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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