Insider Selling: Chevron Co. (NYSE:CVX) Director Sells $485,564.64 in Stock

Chevron Co. (NYSE:CVXGet Rating) Director Alice P. Gast sold 2,706 shares of Chevron stock in a transaction on Monday, November 21st. The stock was sold at an average price of $179.44, for a total transaction of $485,564.64. Following the completion of the sale, the director now owns 21,964 shares of the company’s stock, valued at approximately $3,941,220.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Chevron Stock Performance

CVX stock opened at $184.24 on Friday. The company has a market capitalization of $356.25 billion, a P/E ratio of 10.48, a PEG ratio of 0.65 and a beta of 1.21. The company has a 50-day simple moving average of $168.12 and a 200 day simple moving average of $161.64. Chevron Co. has a fifty-two week low of $110.73 and a fifty-two week high of $189.68. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings data on Friday, October 28th. The oil and gas company reported $5.56 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.34. The business had revenue of $66.64 billion during the quarter, compared to the consensus estimate of $61.44 billion. Chevron had a net margin of 14.36% and a return on equity of 22.36%. The company’s quarterly revenue was up 49.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.96 earnings per share. Sell-side analysts predict that Chevron Co. will post 19.24 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 18th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.08%. The ex-dividend date is Thursday, November 17th. Chevron’s payout ratio is currently 32.31%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CVX shares. Bank of America lifted their price target on shares of Chevron from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. HSBC downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $177.00 price objective for the company. in a report on Monday, October 24th. Morgan Stanley lifted their price objective on shares of Chevron from $193.00 to $196.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 19th. Wells Fargo & Company lifted their price objective on shares of Chevron from $181.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, August 1st. Finally, Jefferies Financial Group assumed coverage on shares of Chevron in a report on Wednesday, October 19th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.85.

Institutional Investors Weigh In On Chevron

Several institutional investors have recently bought and sold shares of CVX. Cordant Inc. bought a new stake in Chevron in the first quarter worth about $29,000. Orion Capital Management LLC raised its holdings in Chevron by 85.0% during the 1st quarter. Orion Capital Management LLC now owns 222 shares of the oil and gas company’s stock worth $36,000 after buying an additional 102 shares during the period. Worth Asset Management LLC acquired a new stake in Chevron during the 1st quarter worth about $36,000. Steward Financial Group LLC raised its holdings in Chevron by 932.0% during the 1st quarter. Steward Financial Group LLC now owns 258 shares of the oil and gas company’s stock worth $42,000 after buying an additional 233 shares during the period. Finally, Win Advisors Inc. raised its holdings in Chevron by 61.2% during the 2nd quarter. Win Advisors Inc. now owns 316 shares of the oil and gas company’s stock worth $46,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 69.30% of the company’s stock.

About Chevron

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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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