Chevron Co. (NYSE:CVX) insider James William Johnson sold 4,750 shares of the stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $112.20, for a total value of $532,950.00. Following the completion of the sale, the insider now directly owns 4,750 shares of the company’s stock, valued at $532,950. The sale was disclosed in a filing with the SEC, which is available at this link.
James William Johnson also recently made the following trade(s):
- On Monday, December 3rd, James William Johnson sold 4,750 shares of Chevron stock. The stock was sold at an average price of $120.92, for a total value of $574,370.00.
- On Thursday, November 29th, James William Johnson sold 9,500 shares of Chevron stock. The stock was sold at an average price of $118.59, for a total value of $1,126,605.00.
CVX opened at $114.37 on Friday. Chevron Co. has a fifty-two week low of $100.22 and a fifty-two week high of $132.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.01. The stock has a market cap of $213.93 billion, a PE ratio of 17.17 and a beta of 1.09.
Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.05. Chevron had a return on equity of 8.19% and a net margin of 8.79%. The company had revenue of $43.99 billion during the quarter, compared to the consensus estimate of $47.17 billion. During the same period last year, the business earned $1.03 EPS. The business’s quarterly revenue was up 21.5% on a year-over-year basis. On average, research analysts forecast that Chevron Co. will post 7.81 EPS for the current fiscal year.
CVX has been the subject of several research analyst reports. Goldman Sachs Group raised Chevron from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, October 2nd. Piper Jaffray Companies reissued an “overweight” rating on shares of Chevron in a research note on Tuesday, October 23rd. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Monday, October 1st. Wells Fargo & Co reduced their price objective on Chevron from $160.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $130.00 price objective on shares of Chevron in a research note on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Chevron has a consensus rating of “Buy” and an average price target of $133.57.
Hedge funds and other institutional investors have recently modified their holdings of the company. CKW Financial Group increased its holdings in shares of Chevron by 123.5% during the 4th quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. Highwater Wealth Management LLC acquired a new position in shares of Chevron during the 4th quarter valued at about $51,000. Ironwood Financial llc increased its holdings in shares of Chevron by 94.2% during the 4th quarter. Ironwood Financial llc now owns 538 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 261 shares during the last quarter. Arlington Partners LLC increased its holdings in shares of Chevron by 237.2% during the 4th quarter. Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 600 shares during the last quarter. Finally, Canton Hathaway LLC acquired a new position in shares of Chevron during the 3rd quarter valued at about $141,000. 64.57% of the stock is currently owned by institutional investors and hedge funds.
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Chevron Company Profile
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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