Insider Selling: Chevron Co. (NYSE:CVX) EVP Sells 55,600 Shares of Stock

Chevron Co. (NYSE:CVXGet Rating) EVP James William Johnson sold 55,600 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $165.94, for a total transaction of $9,226,264.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

James William Johnson also recently made the following trade(s):

  • On Friday, February 11th, James William Johnson sold 25,433 shares of Chevron stock. The stock was sold at an average price of $139.43, for a total transaction of $3,546,123.19.

Shares of NYSE:CVX opened at $166.26 on Friday. The stock has a market cap of $326.66 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.83 and a beta of 1.09. The firm has a fifty day moving average price of $163.82 and a 200 day moving average price of $136.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.02. Chevron Co. has a 1-year low of $92.86 and a 1-year high of $174.76.

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

The company also recently disclosed 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 payout ratio is currently 53.38%.

Several hedge funds have recently added to or reduced their stakes in the company. JJJ Advisors Inc. lifted its stake in shares of Chevron by 10.0% in the 1st quarter. JJJ Advisors Inc. now owns 1,808 shares of the oil and gas company’s stock worth $294,000 after acquiring an additional 165 shares during the period. Integrity Advisory LLC acquired a new stake in shares of Chevron in the 1st quarter worth $435,000. Crossvault Capital Management LLC lifted its stake in shares of Chevron by 0.4% in the 1st quarter. Crossvault Capital Management LLC now owns 66,227 shares of the oil and gas company’s stock worth $10,784,000 after acquiring an additional 250 shares during the period. Nadler Financial Group Inc. lifted its stake in shares of Chevron by 13.9% in the 1st quarter. Nadler Financial Group Inc. now owns 2,379 shares of the oil and gas company’s stock worth $387,000 after acquiring an additional 290 shares during the period. Finally, WASHINGTON TRUST Co lifted its stake in shares of Chevron by 2.6% in the 1st quarter. WASHINGTON TRUST Co now owns 14,758 shares of the oil and gas company’s stock worth $2,404,000 after acquiring an additional 375 shares during the period. Institutional investors own 65.89% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Truist Financial cut their target price on shares of Chevron from $186.00 to $181.00 in a research note on Monday. Barclays upped their target price on shares of Chevron from $148.00 to $183.00 in a research note on Wednesday, March 9th. Morgan Stanley upped their target price on shares of Chevron from $166.00 to $188.00 and gave the stock an “equal weight” rating in a research note on Friday, April 22nd. BMO Capital Markets boosted their price target on shares of Chevron from $140.00 to $170.00 in a report on Wednesday, March 2nd. Finally, Bank of America boosted their price target on shares of Chevron from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, February 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Chevron presently has an average rating of “Buy” and a consensus target price of $163.09.

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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