Insider Selling: Chevron Co. (CVX) Insider Sells $1,126,605.00 in Stock

Chevron Co. (NYSE:CVX) insider James William Johnson sold 9,500 shares of the stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $118.59, for a total transaction of $1,126,605.00. Following the completion of the transaction, the insider now directly owns 9,500 shares in the company, valued at $1,126,605. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, October 11th, James William Johnson sold 4,750 shares of Chevron stock. The shares were sold at an average price of $119.97, for a total transaction of $569,857.50.
  • On Thursday, September 13th, James William Johnson sold 4,750 shares of Chevron stock. The shares were sold at an average price of $116.00, for a total transaction of $551,000.00.

Shares of Chevron stock opened at $117.24 on Thursday. The stock has a market cap of $224.02 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.22. Chevron Co. has a 12-month low of $107.54 and a 12-month high of $133.88.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.05. The firm had revenue of $43.99 billion for the quarter, compared to the consensus estimate of $47.17 billion. Chevron had a net margin of 8.79% and a return on equity of 8.19%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. On average, analysts predict that Chevron Co. will post 8.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be paid a dividend of $1.12 per share. The ex-dividend date is Thursday, November 15th. This represents a $4.48 dividend on an annualized basis and a yield of 3.82%. Chevron’s payout ratio is 121.08%.

A number of institutional investors have recently made changes to their positions in the business. Live Your Vision LLC boosted its stake in shares of Chevron by 308.0% in the 2nd quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 616 shares in the last quarter. Canton Hathaway LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at approximately $141,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at approximately $144,000. Point72 Asia Hong Kong Ltd boosted its stake in shares of Chevron by 20,716.7% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock valued at $142,000 after purchasing an additional 1,243 shares in the last quarter. Finally, O Brien Wealth Partners LLC boosted its stake in shares of Chevron by 4,389.3% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,257 shares of the oil and gas company’s stock valued at $154,000 after purchasing an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 64.67% of the company’s stock.

Several equities analysts recently commented on the stock. Berenberg Bank assumed coverage on shares of Chevron in a research note on Tuesday, September 11th. They issued a “hold” rating and a $135.00 price target on the stock. Bank of America downgraded shares of Chevron from a “buy” rating to a “neutral” rating and decreased their price target for the company from $150.00 to $135.00 in a research note on Thursday, September 6th. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Goldman Sachs Group upgraded shares of Chevron from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, October 2nd. Finally, Credit Suisse Group upgraded shares of Chevron from a “neutral” rating to an “outperform” rating and set a $138.00 price target on the stock in a research note on Monday, November 5th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Chevron currently has an average rating of “Buy” and a consensus price target of $139.13.

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About Chevron

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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