Chevron Co. (NYSE:CVX) EVP Joseph C. Geagea sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $130.00, for a total transaction of $1,560,000.00. Following the transaction, the executive vice president now owns 13,233 shares of the company’s stock, valued at approximately $1,720,290. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Joseph C. Geagea also recently made the following trade(s):
- On Monday, May 7th, Joseph C. Geagea sold 12,000 shares of Chevron stock. The stock was sold at an average price of $128.04, for a total transaction of $1,536,480.00.
Shares of NYSE:CVX opened at $129.46 on Friday. Chevron Co. has a twelve month low of $128.31 and a twelve month high of $129.64. The company has a market cap of $247.49 billion, a PE ratio of 34.99, a P/E/G ratio of 2.49 and a beta of 1.14. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.21.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.45 by $0.45. Chevron had a net margin of 6.95% and a return on equity of 5.83%. The firm had revenue of $37.76 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. Chevron’s revenue for the quarter was up 13.0% on a year-over-year basis. equities research analysts forecast that Chevron Co. will post 7.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Friday, May 18th will be given a $1.12 dividend. The ex-dividend date is Thursday, May 17th. This represents a $4.48 annualized dividend and a yield of 3.46%. Chevron’s dividend payout ratio (DPR) is 121.08%.
Several research analysts have commented on the stock. Vetr upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $117.38 price target for the company in a report on Wednesday, March 28th. Wells Fargo boosted their price target on shares of Chevron from $138.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, April 12th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “neutral” rating and set a $130.00 price target (up previously from $123.00) on shares of Chevron in a report on Tuesday, January 23rd. BNP Paribas upgraded shares of Chevron from an “underperform” rating to a “neutral” rating in a report on Friday, February 23rd. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $131.92.
A number of hedge funds have recently added to or reduced their stakes in CVX. Private Vista LLC raised its position in Chevron by 87.4% in the 3rd quarter. Private Vista LLC now owns 5,207 shares of the oil and gas company’s stock valued at $612,000 after purchasing an additional 2,428 shares during the last quarter. Trillium Asset Management LLC acquired a new position in Chevron in the 3rd quarter valued at $277,000. One Capital Management LLC increased its stake in Chevron by 4.3% in the 3rd quarter. One Capital Management LLC now owns 24,055 shares of the oil and gas company’s stock valued at $2,826,000 after buying an additional 990 shares during the period. Cambridge Trust Co. increased its stake in Chevron by 6.8% in the 3rd quarter. Cambridge Trust Co. now owns 72,622 shares of the oil and gas company’s stock valued at $8,534,000 after buying an additional 4,651 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Chevron by 35.8% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,653 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 64.99% of the company’s stock.
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.
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