Chevron Co. (NYSE:CVX) EVP James William Johnson sold 4,750 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $126.96, for a total transaction of $603,060.00. Following the completion of the sale, the executive vice president now directly owns 4,750 shares of the company’s stock, valued at $603,060. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
James William Johnson also recently made the following trade(s):
- On Tuesday, May 22nd, James William Johnson sold 9,500 shares of Chevron stock. The stock was sold at an average price of $129.44, for a total transaction of $1,229,680.00.
CVX stock opened at $125.29 on Thursday. Chevron Co. has a 52-week low of $102.55 and a 52-week high of $133.88. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market cap of $239.81 billion, a PE ratio of 33.86, a PEG ratio of 2.15 and a beta of 1.14.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.45. Chevron had a net margin of 6.95% and a return on equity of 5.83%. The business had revenue of $37.76 billion for the quarter, compared to analyst estimates of $40.34 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. equities research analysts anticipate that Chevron Co. will post 8.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Friday, May 18th were paid a $1.12 dividend. The ex-dividend date was Thursday, May 17th. This represents a $4.48 annualized dividend and a yield of 3.58%. Chevron’s dividend payout ratio is presently 121.08%.
A number of institutional investors have recently added to or reduced their stakes in the business. Advisors Preferred LLC acquired a new position in shares of Chevron during the 1st quarter worth $110,000. Earnest Partners LLC acquired a new position in shares of Chevron during the 4th quarter worth $114,000. Virtue Capital Management LLC acquired a new position in shares of Chevron during the 4th quarter worth $128,000. Litman Gregory Asset Management LLC increased its stake in shares of Chevron by 566.9% during the 1st quarter. Litman Gregory Asset Management LLC now owns 1,147 shares of the oil and gas company’s stock worth $131,000 after purchasing an additional 975 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its stake in shares of Chevron by 20,716.7% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock worth $142,000 after purchasing an additional 1,243 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.
A number of analysts have recently weighed in on CVX shares. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Bank of America raised shares of Chevron from a “neutral” rating to a “buy” rating and upped their price target for the stock from $113.61 to $138.00 in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Vetr lowered shares of Chevron from a “strong-buy” rating to a “buy” rating and set a $122.05 price target for the company. in a research note on Monday, February 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $140.00 price target on shares of Chevron in a research note on Monday, April 23rd. Finally, ValuEngine raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Six research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Chevron has a consensus rating of “Buy” and an average price target of $135.52.
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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