Investors sold shares of Chevron Co. (NYSE:CVX) on strength during trading on Wednesday. $141.29 million flowed into the stock on the tick-up and $240.83 million flowed out of the stock on the tick-down, for a money net flow of $99.54 million out of the stock. Of all stocks tracked, Chevron had the 0th highest net out-flow for the day. Chevron traded up $0.35 for the day and closed at $132.36

A number of brokerages have recently commented on CVX. Wells Fargo & Co reissued a “market perform” rating and set a $108.00 price target (up from $100.00) on shares of Chevron in a report on Tuesday, October 3rd. Bank of America reissued a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Chevron in a report on Tuesday, October 3rd. Jefferies Group reissued a “buy” rating and set a $130.00 price target on shares of Chevron in a report on Tuesday, October 3rd. Barclays raised their price target on Chevron from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Finally, Wolfe Research raised Chevron from a “market perform” rating to an “outperform” rating in a report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. Chevron currently has a consensus rating of “Hold” and a consensus target price of $126.06.

The company has a market capitalization of $248,610.00, a price-to-earnings ratio of 38.14, a PEG ratio of 2.84 and a beta of 1.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.

Chevron (NYSE:CVX) last released its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. Chevron’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. research analysts expect that Chevron Co. will post 4.35 EPS for the current fiscal year.

In related news, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $119.00, for a total value of $2,766,750.00. Following the transaction, the insider now owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael K. Wirth sold 110,771 shares of Chevron stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $116.17, for a total value of $12,868,267.07. Following the completion of the transaction, the executive vice president now directly owns 110,771 shares in the company, valued at approximately $12,868,267.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 288,500 shares of company stock worth $33,480,822. 0.38% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Perkins Coie Trust Co boosted its position in Chevron by 12.4% during the 2nd quarter. Perkins Coie Trust Co now owns 25,072 shares of the oil and gas company’s stock worth $2,616,000 after acquiring an additional 2,757 shares during the period. Country Club Trust Company n.a. boosted its position in Chevron by 1.1% during the 2nd quarter. Country Club Trust Company n.a. now owns 81,039 shares of the oil and gas company’s stock worth $8,455,000 after acquiring an additional 870 shares during the period. City Holding Co. boosted its position in Chevron by 6.3% during the 2nd quarter. City Holding Co. now owns 27,015 shares of the oil and gas company’s stock worth $2,818,000 after acquiring an additional 1,610 shares during the period. Dynamic Advisors Solutions LLC boosted its position in Chevron by 7.5% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 18,631 shares of the oil and gas company’s stock worth $1,944,000 after acquiring an additional 1,303 shares during the period. Finally, Atria Investments LLC boosted its position in Chevron by 5.8% during the 2nd quarter. Atria Investments LLC now owns 44,797 shares of the oil and gas company’s stock worth $4,674,000 after acquiring an additional 2,453 shares during the period. 63.84% of the stock is currently owned by hedge funds and other institutional investors.

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Chevron Company Profile

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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