Chevron Co. (NYSE:CVX) Insider David A. Inchausti Sells 4,700 Shares

Chevron Co. (NYSE:CVXGet Rating) insider David A. Inchausti sold 4,700 shares of Chevron stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $161.09, for a total value of $757,123.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of CVX opened at $166.26 on Friday. Chevron Co. has a 52 week low of $92.86 and a 52 week high of $174.76. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $326.66 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 0.83 and a beta of 1.09. The stock’s 50-day moving average price is $163.82 and its 200-day moving average price is $136.58.

Chevron (NYSE:CVXGet Rating) last issued its earnings results on Friday, April 29th. The oil and gas company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.09. Chevron had a return on equity of 14.94% and a net margin of 11.10%. The firm had revenue of $54.37 billion for the quarter, compared to the consensus estimate of $54.96 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The company’s revenue was up 69.8% compared to the same quarter last year. As a group, equities analysts anticipate that Chevron Co. will post 17.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Thursday, May 19th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $5.68 dividend on an annualized basis and a yield of 3.42%. Chevron’s dividend payout ratio is currently 53.38%.

A number of research firms have issued reports on CVX. StockNews.com began coverage on Chevron in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. The Goldman Sachs Group lifted their price objective on Chevron from $154.00 to $176.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 15th. Bank of America boosted their target price on Chevron from $154.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, February 15th. Barclays boosted their target price on Chevron from $148.00 to $183.00 in a research report on Wednesday, March 9th. Finally, Truist Financial cut their target price on Chevron from $186.00 to $181.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $163.09.

Hedge funds have recently modified their holdings of the business. F3Logic LLC lifted its position in shares of Chevron by 3.4% in the third quarter. F3Logic LLC now owns 32,134 shares of the oil and gas company’s stock valued at $3,271,000 after acquiring an additional 1,048 shares in the last quarter. CastleArk Alternatives LLC purchased a new position in shares of Chevron in the third quarter valued at approximately $1,834,000. Zacks Investment Management lifted its position in shares of Chevron by 2.9% in the third quarter. Zacks Investment Management now owns 854,830 shares of the oil and gas company’s stock valued at $86,723,000 after acquiring an additional 24,107 shares in the last quarter. CapWealth Advisors LLC lifted its position in shares of Chevron by 4.5% in the third quarter. CapWealth Advisors LLC now owns 164,463 shares of the oil and gas company’s stock valued at $16,685,000 after acquiring an additional 7,016 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Chevron by 16.0% in the third quarter. Invesco Ltd. now owns 13,482,487 shares of the oil and gas company’s stock valued at $1,367,797,000 after acquiring an additional 1,859,425 shares in the last quarter. Institutional investors own 65.89% of the company’s stock.

Chevron Company Profile (Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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