Insider Selling: Chevron Co. (NYSE:CVX) Director Sells 12,039 Shares of Stock

Chevron Co. (NYSE:CVXGet Rating) Director Wanda M. Austin sold 12,039 shares of Chevron stock in a transaction on Friday, May 27th. The stock was sold at an average price of $177.29, for a total transaction of $2,134,394.31. Following the sale, the director now directly owns 3,543 shares in the company, valued at approximately $628,138.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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. Chevron Co. has a 1-year low of $92.86 and a 1-year high of $180.96. The company has a market cap of $346.44 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.43 and a quick ratio of 1.22. The stock’s 50 day moving average price is $167.12 and its 200-day moving average price is $143.85.

Chevron (NYSE:CVXGet Rating) last announced its quarterly 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 business had revenue of $54.37 billion during the quarter, compared to analyst estimates of $54.96 billion. Chevron had a net margin of 11.10% and a return on equity of 14.66%. The business’s revenue for the quarter was up 69.8% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. On average, research analysts predict that Chevron Co. will post 16.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Thursday, May 19th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, May 18th. Chevron’s dividend payout ratio (DPR) is 53.38%.

A number of institutional investors and hedge funds have recently made changes to their positions in CVX. Your Advocates Ltd. LLP acquired a new position in Chevron in the first quarter valued at approximately $25,000. Cranbrook Wealth Management LLC lifted its stake in Chevron by 63.5% in the third quarter. Cranbrook Wealth Management LLC now owns 260 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 101 shares during the last quarter. Avondale Wealth Management purchased a new stake in Chevron in the fourth quarter valued at approximately $26,000. Rational Advisors LLC lifted its stake in Chevron by 116.3% in the fourth quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 121 shares during the last quarter. Finally, Cordant Inc. purchased a new stake in Chevron in the first quarter valued at approximately $29,000. 65.89% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Chevron from $150.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, March 11th. Barclays lifted their target price on shares of Chevron from $183.00 to $196.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America lifted their target price on shares of Chevron from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, February 15th. Citigroup lifted their target price on shares of Chevron from $160.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, May 19th. Finally, UBS Group lifted their target price on shares of Chevron from $150.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of “Buy” and a consensus target price of $169.38.

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

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