Chevron Co. (NYSE:CVX) VP Eimear P. Bonner Sells 478 Shares

Chevron Co. (NYSE:CVXGet Rating) VP Eimear P. Bonner sold 478 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $169.21, for a total transaction of $80,882.38. Following the sale, the vice president now directly owns 358 shares in the company, valued at approximately $60,577.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eimear P. Bonner also recently made the following trade(s):

  • On Wednesday, May 4th, Eimear P. Bonner sold 68,032 shares of Chevron stock. The stock was sold at an average price of $165.00, for a total transaction of $11,225,280.00.

NYSE:CVX opened at $160.78 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.43. The company has a fifty day moving average of $164.67 and a two-hundred day moving average of $137.82. The stock has a market capitalization of $315.90 billion, a PE ratio of 15.11, a P/E/G ratio of 0.86 and a beta of 1.09. Chevron Co. has a fifty-two week low of $92.86 and a fifty-two week high of $174.76.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas company reported $3.36 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.08). The company had revenue of $54.37 billion for the quarter, compared to analyst estimates of $54.96 billion. Chevron had a return on equity of 14.66% and a net margin of 11.10%. The business’s revenue was up 69.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. Research analysts forecast that Chevron Co. will post 17.17 earnings per share for the current year.

The business 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. This represents a $5.68 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, May 18th. Chevron’s dividend payout ratio is presently 53.38%.

Several analysts have weighed in on the stock. Bank of America boosted their target price on shares of Chevron from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, February 15th. BMO Capital Markets upped their price objective on shares of Chevron from $140.00 to $170.00 in a report on Wednesday, March 2nd. UBS Group upped their price objective on shares of Chevron from $150.00 to $192.00 and gave the company a “buy” rating in a report on Tuesday, April 5th. Truist Financial dropped their price objective on shares of Chevron from $186.00 to $181.00 in a report on Monday, May 2nd. Finally, Barclays upped their price objective on shares of Chevron from $148.00 to $183.00 in a report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $163.09.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Chevron by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 32,250,237 shares of the oil and gas company’s stock valued at $3,776,323,000 after buying an additional 667,875 shares during the last quarter. Norges Bank acquired a new stake in shares of Chevron in the fourth quarter valued at about $3,111,594,000. Morgan Stanley raised its position in shares of Chevron by 4.3% in the third quarter. Morgan Stanley now owns 24,297,770 shares of the oil and gas company’s stock valued at $2,465,009,000 after buying an additional 995,353 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Chevron by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,507,398 shares of the oil and gas company’s stock valued at $1,702,446,000 after buying an additional 254,353 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Chevron by 6.8% in the fourth quarter. Invesco Ltd. now owns 14,400,260 shares of the oil and gas company’s stock valued at $1,689,870,000 after buying an additional 917,773 shares during the last quarter. Institutional investors and hedge funds 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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Insider Buying and Selling by Quarter for Chevron (NYSE:CVX)

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