Chevron Co. (NYSE:CVX) EVP James William Johnson sold 4,750 shares of Chevron stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $120.92, for a total value of $574,370.00. Following the transaction, the executive vice president now owns 4,750 shares in the company, valued at $574,370. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
James William Johnson also recently made the following trade(s):
- On Thursday, November 29th, James William Johnson sold 9,500 shares of Chevron stock. The shares were sold at an average price of $118.59, for a total value of $1,126,605.00.
- 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 value 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 value of $551,000.00.
Shares of CVX traded up $1.79 during mid-day trading on Friday, reaching $117.70. 488,661 shares of the company’s stock traded hands, compared to its average volume of 6,437,343. The stock has a market cap of $224.02 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 2.03 and a beta of 1.13. Chevron Co. has a 12 month low of $107.54 and a 12 month high of $133.88. 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 (NYSE:CVX) last released its earnings results on Friday, November 2nd. The oil and gas company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.05. The firm had revenue of $43.99 billion for the quarter, compared to analysts’ expectations of $47.17 billion. Chevron had a return on equity of 8.19% and a net margin of 8.79%. The company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. As a group, analysts predict that Chevron Co. will post 8.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.81%. Chevron’s dividend payout ratio is 121.08%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parsons Capital Management Inc. RI increased its holdings in shares of Chevron by 8.6% in the 1st quarter. Parsons Capital Management Inc. RI now owns 95,309 shares of the oil and gas company’s stock worth $10,869,000 after purchasing an additional 7,584 shares in the last quarter. Financial Advocates Investment Management increased its stake in shares of Chevron by 1.3% during the first quarter. Financial Advocates Investment Management now owns 45,589 shares of the oil and gas company’s stock worth $5,199,000 after acquiring an additional 599 shares during the period. Private Ocean LLC increased its stake in shares of Chevron by 209.3% during the first quarter. Private Ocean LLC now owns 2,119 shares of the oil and gas company’s stock worth $241,000 after acquiring an additional 1,434 shares during the period. Pettyjohn Wood & White Inc. increased its stake in shares of Chevron by 2.0% during the first quarter. Pettyjohn Wood & White Inc. now owns 40,394 shares of the oil and gas company’s stock worth $4,607,000 after acquiring an additional 790 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of Chevron by 1.6% during the first quarter. Fiera Capital Corp now owns 298,283 shares of the oil and gas company’s stock worth $34,016,000 after acquiring an additional 4,800 shares during the period. 64.67% of the stock is currently owned by hedge funds and other institutional investors.
CVX has been the topic of several analyst reports. Goldman Sachs Group upgraded Chevron from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, October 2nd. Royal Bank of Canada set a $150.00 target price on Chevron and gave the stock a “hold” rating in a research report on Thursday, September 20th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Chevron in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Monday, October 1st. Finally, Bank of America downgraded Chevron from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $150.00 to $135.00 in a research report on Thursday, September 6th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $139.13.
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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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