Chevron Corporation (CVX) Insider Sells $2,766,750.00 in Stock
Chevron Corporation (NYSE:CVX) insider Pierre R. Breber sold 23,250 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $119.00, for a total value of $2,766,750.00. Following the sale, the insider now owns 42,182 shares in the company, valued at approximately $5,019,658. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Pierre R. Breber also recently made the following trade(s):
- On Monday, November 13th, Pierre R. Breber sold 23,250 shares of Chevron stock. The shares were sold at an average price of $116.85, for a total value of $2,716,762.50.
Chevron Corporation (NYSE:CVX) opened at $119.61 on Thursday. The company has a market capitalization of $229,520.33, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 3.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. Chevron Corporation has a 12-month low of $102.55 and a 12-month high of $122.30.
Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The business had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. equities research analysts expect that Chevron Corporation will post 4.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Thursday, November 16th. Chevron’s payout ratio is 125.95%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Pathstone Family Office LLC boosted its position in Chevron by 2.5% during the second quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock valued at $2,170,000 after purchasing an additional 20 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Chevron during the second quarter valued at about $106,000. Thompson Davis & CO. Inc. boosted its position in Chevron by 20.0% during the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 191 shares in the last quarter. Winfield Associates Inc. boosted its position in Chevron by 5.1% during the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 63 shares in the last quarter. Finally, Accurate Investment Solutions Inc. boosted its position in Chevron by 59.1% during the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 502 shares in the last quarter. 63.93% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on CVX shares. TheStreet upgraded Chevron from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Jefferies Group set a $130.00 price target on Chevron and gave the company a “buy” rating in a report on Tuesday, August 29th. Piper Jaffray Companies set a $119.00 price target on Chevron and gave the company a “buy” rating in a report on Friday, August 25th. Credit Suisse Group set a $123.00 price target on Chevron and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Goldman Sachs Group restated a “buy” rating and set a $123.00 price target (up previously from $118.00) on shares of Chevron in a report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $121.22.
Chevron Company Profile
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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