Chevron Co. (CVX) Insider Sells $592,990.00 in Stock

Chevron Co. (NYSE:CVX) insider James William Johnson sold 4,750 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $124.84, for a total transaction of $592,990.00. Following the transaction, the insider now owns 4,750 shares of the company’s stock, valued at approximately $592,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

James William Johnson also recently made the following trade(s):

  • On Tuesday, January 15th, James William Johnson sold 4,750 shares of Chevron stock. The shares were sold at an average price of $112.20, for a total transaction of $532,950.00.

Shares of CVX traded up $0.71 during midday trading on Friday, hitting $125.31. The stock had a trading volume of 10,449,710 shares, compared to its average volume of 6,467,610. Chevron Co. has a 1 year low of $100.22 and a 1 year high of $131.08. The company has a market cap of $236.75 billion, a P/E ratio of 15.19, a P/E/G ratio of 3.75 and a beta of 1.03. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 0.18.

Chevron (NYSE:CVX) last announced its earnings results on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.08. Chevron had a net margin of 8.91% and a return on equity of 9.78%. The business had revenue of $42.35 billion for the quarter, compared to the consensus estimate of $41.46 billion. During the same quarter in the prior year, the firm posted $1.64 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts predict that Chevron Co. will post 6.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 15th were paid a $1.19 dividend. The ex-dividend date was Thursday, February 14th. This represents a $4.76 annualized dividend and a dividend yield of 3.80%. This is an increase from Chevron’s previous quarterly dividend of $1.12. Chevron’s dividend payout ratio is currently 57.70%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commerce Bank boosted its stake in Chevron by 1.1% in the 3rd quarter. Commerce Bank now owns 1,048,058 shares of the oil and gas company’s stock worth $128,157,000 after buying an additional 10,936 shares during the last quarter. Telemus Capital LLC raised its stake in shares of Chevron by 3.8% in the 3rd quarter. Telemus Capital LLC now owns 27,732 shares of the oil and gas company’s stock valued at $3,391,000 after purchasing an additional 1,025 shares during the period. Advisory Services Network LLC raised its stake in shares of Chevron by 1.7% in the 3rd quarter. Advisory Services Network LLC now owns 66,891 shares of the oil and gas company’s stock valued at $8,180,000 after purchasing an additional 1,122 shares during the period. Captrust Financial Advisors raised its stake in shares of Chevron by 21.2% in the 2nd quarter. Captrust Financial Advisors now owns 38,877 shares of the oil and gas company’s stock valued at $4,915,000 after purchasing an additional 6,788 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at about $144,000. 64.75% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on CVX. Raymond James set a $135.00 price objective on shares of Chevron and gave the company a “buy” rating in a research report on Thursday, December 20th. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating and lowered their price objective for the company from $136.00 to $122.00 in a research report on Monday, January 14th. Royal Bank of Canada reiterated a “hold” rating and set a $130.00 price objective on shares of Chevron in a research report on Monday, January 7th. UBS Group upgraded shares of Chevron from a “neutral” rating to a “buy” rating and set a $112.95 price objective for the company in a research report on Friday, January 18th. Finally, Zacks Investment Research lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $134.18.

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Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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.

Further Reading: What is the Gross Domestic Product (GDP)?

Insider Buying and Selling by Quarter for Chevron (NYSE:CVX)

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