Insider Selling: Chevron Co. (NYSE:CVX) EVP Sells 30,000 Shares of Stock

Chevron Co. (NYSE:CVXGet Rating) EVP Joseph C. Geagea sold 30,000 shares of Chevron stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $168.63, for a total value of $5,058,900.00. Following the transaction, the executive vice president now owns 1,243 shares of the company’s stock, valued at approximately $209,607.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NYSE:CVX opened at $160.78 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $315.90 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 0.86 and a beta of 1.09. The firm’s 50 day moving average is $164.67 and its 200 day moving average is $137.82. Chevron Co. has a 12 month low of $92.86 and a 12 month high of $174.76.

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

The business 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 dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $5.68 annualized dividend and a dividend yield of 3.53%. Chevron’s dividend payout ratio is currently 53.38%.

A number of equities analysts have issued reports on CVX shares. Barclays lifted their price target on Chevron from $148.00 to $183.00 in a research note on Wednesday, March 9th. Citigroup lifted their price target on Chevron from $124.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, March 2nd. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research note on Wednesday, March 2nd. Wells Fargo & Company boosted their target price on Chevron from $150.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, March 11th. Finally, UBS Group boosted their target price on Chevron from $150.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $163.09.

Several large investors have recently bought and sold shares of CVX. Bellwether Advisors LLC purchased a new stake in shares of Chevron during the third quarter worth $25,000. Your Advocates Ltd. LLP purchased a new stake in shares of Chevron during the first quarter worth $25,000. Cranbrook Wealth Management LLC lifted its position in shares of Chevron by 63.5% during the third quarter. Cranbrook Wealth Management LLC now owns 260 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Avondale Wealth Management purchased a new stake in shares of Chevron during the fourth quarter worth $26,000. Finally, Rational Advisors LLC lifted its position in shares of Chevron by 116.3% during the fourth quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other 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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