Enrique Hernandez, Jr. Sells 5,805 Shares of Chevron Co. (NYSE:CVX) Stock

Chevron Co. (NYSE:CVXGet Rating) Director Enrique Hernandez, Jr. sold 5,805 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $160.00, for a total transaction of $928,800.00. Following the completion of the sale, the director now owns 22,978 shares in the company, valued at $3,676,480. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

CVX stock opened at $166.26 on Friday. 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 P/E/G ratio of 0.83 and a beta of 1.09. Chevron Co. has a 12 month low of $92.86 and a 12 month high of $174.76. The firm has a 50 day moving average of $163.82 and a two-hundred day moving average of $136.58.

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

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

CVX has been the topic of a number of research reports. UBS Group boosted their target price on shares of Chevron from $150.00 to $192.00 and gave the stock a “buy” rating in a report on Tuesday, April 5th. Truist Financial cut their price target on shares of Chevron from $186.00 to $181.00 in a report on Monday. The Goldman Sachs Group boosted their price target on shares of Chevron from $154.00 to $176.00 and gave the company a “neutral” rating in a report on Tuesday, March 15th. Credit Suisse Group boosted their price target on shares of Chevron from $180.00 to $190.00 in a report on Monday. Finally, Morgan Stanley boosted their price target on shares of Chevron from $166.00 to $188.00 and gave the company an “equal weight” rating in a report on Friday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Chevron has an average rating of “Buy” and an average target price of $163.09.

A number of hedge funds have recently bought and sold shares of the business. Your Advocates Ltd. LLP bought a new stake in shares of Chevron during the 1st quarter worth $25,000. Joseph P. Lucia & Associates LLC bought a new stake in shares of Chevron during the 1st quarter worth $30,000. Joseph Group Capital Management bought a new stake in shares of Chevron during the 4th quarter worth $1,105,000. Avondale Wealth Management bought a new stake in shares of Chevron during the 4th quarter worth $26,000. Finally, Rational Advisors LLC boosted its holdings in shares of Chevron by 116.3% during the 4th quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock worth $26,000 after buying an additional 121 shares during the period. 65.89% of the stock is owned by institutional investors.

About Chevron (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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