Wanda M. Austin Sells 11,432 Shares of Chevron Co. (NYSE:CVX) Stock

Chevron Co. (NYSE:CVXGet Rating) Director Wanda M. Austin sold 11,432 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $161.45, for a total value of $1,845,696.40. Following the transaction, the director now directly owns 3,560 shares in the company, valued at approximately $574,762. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Chevron Trading Down 2.4 %

Shares of NYSE CVX opened at $155.36 on Thursday. 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 has a market capitalization of $305.25 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.15. Chevron Co. has a 1-year low of $92.86 and a 1-year high of $182.40. The business has a fifty day moving average price of $155.37 and a 200 day moving average price of $155.03.

Chevron (NYSE:CVXGet Rating) last issued its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. The firm had revenue of $68.76 billion during the quarter, compared to analysts’ expectations of $57.69 billion. Chevron had a return on equity of 20.19% and a net margin of 13.45%. The firm’s quarterly revenue was up 82.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 EPS. Equities research analysts expect that Chevron Co. will post 18.28 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 19th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, August 18th. Chevron’s dividend payout ratio is currently 37.89%.

Wall Street Analyst Weigh In

CVX has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on Chevron from $181.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 22nd. Truist Financial dropped their price objective on Chevron from $170.00 to $166.00 and set a “hold” rating for the company in a report on Tuesday, July 19th. Societe Generale cut Chevron from a “buy” rating to a “hold” rating and set a $175.00 price objective for the company. in a report on Friday, May 20th. Cowen dropped their price objective on Chevron from $179.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, July 1st. Finally, Citigroup dropped their price objective on Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. NewEdge Wealth LLC grew its holdings in Chevron by 10.7% during the fourth quarter. NewEdge Wealth LLC now owns 3,538 shares of the oil and gas company’s stock worth $415,000 after acquiring an additional 341 shares during the period. Teamwork Financial Advisors LLC grew its holdings in Chevron by 26.5% during the fourth quarter. Teamwork Financial Advisors LLC now owns 5,901 shares of the oil and gas company’s stock worth $692,000 after acquiring an additional 1,238 shares during the period. Riverwater Partners LLC purchased a new position in Chevron during the fourth quarter worth approximately $310,000. Acorn Financial Advisory Services Inc. ADV purchased a new position in Chevron during the fourth quarter worth approximately $255,000. Finally, CWM LLC purchased a new position in Chevron during the fourth quarter worth approximately $18,681,000. 65.89% of the stock is owned by institutional investors and hedge funds.

About Chevron

(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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