Traders sold shares of Chevron Corporation (NYSE:CVX) on strength during trading hours on Monday. $101.16 million flowed into the stock on the tick-up and $242.68 million flowed out of the stock on the tick-down, for a money net flow of $141.52 million out of the stock. Of all companies tracked, Chevron had the 0th highest net out-flow for the day. Chevron traded up $0.16 for the day and closed at $124.98

Several brokerages recently issued reports on CVX. Vetr upgraded Chevron from a “hold” rating to a “buy” rating and set a $134.35 price target on the stock in a research report on Tuesday. Scotiabank restated a “buy” rating and issued a $130.00 price target on shares of Chevron in a research report on Friday, December 22nd. Royal Bank of Canada set a $110.00 price target on Chevron and gave the company a “sell” rating in a research report on Wednesday, December 20th. Cowen restated an “outperform” rating and issued a $160.00 price target (up previously from $122.00) on shares of Chevron in a research report on Thursday, December 21st. Finally, Jefferies Group reiterated a “buy” rating and set a $140.00 target price on shares of Chevron in a research report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. Chevron presently has a consensus rating of “Hold” and an average price target of $124.65.

The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $239,280.00, a P/E ratio of 36.73, a PEG ratio of 4.12 and a beta of 1.21.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same quarter in the prior year, the company earned $0.68 EPS. Chevron’s revenue was up 20.1% on a year-over-year basis. equities analysts forecast that Chevron Corporation will post 4.33 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Thursday, November 16th. Chevron’s payout ratio is currently 125.95%.

In other Chevron news, insider Pierre R. Breber sold 23,250 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the transaction, the insider now owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael K. Wirth sold 110,771 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $116.17, for a total value of $12,868,267.07. Following the transaction, the executive vice president now directly owns 110,771 shares in the company, valued at approximately $12,868,267.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 314,000 shares of company stock worth $36,540,822. 0.38% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. Pathstone Family Office LLC increased its holdings in shares of Chevron by 2.5% during the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after buying an additional 20 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Chevron during the 2nd quarter worth $106,000. Thompson Davis & CO. Inc. increased its holdings in shares of Chevron by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after buying an additional 191 shares during the last quarter. Winfield Associates Inc. increased its holdings in shares of Chevron by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after buying an additional 63 shares during the last quarter. Finally, Accurate Investment Solutions Inc. increased its holdings in shares of Chevron by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after buying an additional 502 shares during the last quarter. 63.80% of the stock is currently owned by institutional investors.

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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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