Chevron Co. (NYSE:CVX – Get Rating) Director Wanda M. Austin sold 12,039 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $177.29, for a total value of $2,134,394.31. Following the completion of the sale, the director now directly owns 3,543 shares in the company, valued at $628,138.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Chevron stock traded up $1.66 on Wednesday, reaching $176.32. 8,786,463 shares of the company were exchanged, compared to its average volume of 14,954,704. The stock has a fifty day moving average price of $167.12 and a 200-day moving average price of $143.85. The firm has a market capitalization of $346.44 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.09. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. Chevron Co. has a fifty-two week low of $92.86 and a fifty-two week high of $180.96.
Chevron (NYSE:CVX – Get Rating) last announced its earnings results on Friday, April 29th. The oil and gas company reported $3.36 earnings per share (EPS) 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 firm’s revenue for the quarter was up 69.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. On average, equities analysts anticipate that Chevron Co. will post 16.95 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. purchased a new position in shares of Chevron during the first quarter valued at $212,000. Taconic Capital Advisors LP purchased a new position in shares of Chevron during the first quarter valued at $1,303,000. Walleye Capital LLC grew its holdings in shares of Chevron by 76.1% during the first quarter. Walleye Capital LLC now owns 74,921 shares of the oil and gas company’s stock valued at $12,199,000 after buying an additional 32,378 shares in the last quarter. WealthTrust Asset Management LLC purchased a new position in shares of Chevron during the first quarter valued at $297,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Chevron by 33.1% during the first quarter. EverSource Wealth Advisors LLC now owns 5,989 shares of the oil and gas company’s stock valued at $974,000 after buying an additional 1,491 shares in the last quarter. 65.89% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on CVX. Raymond James raised their price objective on Chevron from $173.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday, April 18th. Barclays lifted their price objective on Chevron from $183.00 to $196.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group lifted their price objective on Chevron from $150.00 to $192.00 and gave the stock a “buy” rating in a report on Tuesday, April 5th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Wednesday, March 2nd. Finally, Truist Financial decreased their target price on Chevron from $186.00 to $181.00 in a research report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $169.38.
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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