Chevron (NYSE:CVX) Insider Sells $441,338.24 in Stock

Chevron Corporation (NYSE:CVXGet Free Report) insider Alana Knowles sold 2,408 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Chevron Price Performance

Shares of CVX stock traded down $1.09 during trading hours on Friday, hitting $183.69. 9,537,498 shares of the company’s stock were exchanged, compared to its average volume of 12,440,397. The firm has a 50 day moving average of $165.18 and a two-hundred day moving average of $158.25. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $187.90. The firm has a market cap of $369.86 billion, a P/E ratio of 27.58, a P/E/G ratio of 12.17 and a beta of 0.70. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVXGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same period in the prior year, the business posted $2.06 earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. Sell-side analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.9%. Chevron’s dividend payout ratio is presently 106.91%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. UBS Group reissued a “buy” rating and set a $212.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Argus set a $203.00 target price on shares of Chevron in a research note on Tuesday, February 3rd. Jefferies Financial Group upped their price target on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Morgan Stanley lowered their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Finally, Wells Fargo & Company upped their target price on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Chevron currently has an average rating of “Hold” and a consensus price target of $176.36.

Read Our Latest Report on Chevron

Institutional Trading of Chevron

Hedge funds have recently made changes to their positions in the business. Perigon Wealth Management LLC boosted its holdings in shares of Chevron by 19.3% during the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after purchasing an additional 11,875 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Chevron by 15.3% in the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after acquiring an additional 215,345 shares during the last quarter. Pictet North America Advisors SA purchased a new stake in Chevron in the third quarter valued at approximately $5,662,000. New York State Common Retirement Fund grew its holdings in Chevron by 10.2% in the third quarter. New York State Common Retirement Fund now owns 1,894,470 shares of the oil and gas company’s stock valued at $294,192,000 after purchasing an additional 175,439 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Chevron by 8.7% during the third quarter. Envestnet Asset Management Inc. now owns 4,891,609 shares of the oil and gas company’s stock worth $759,618,000 after purchasing an additional 389,694 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Company Profile

(Get Free Report)

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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Insider Buying and Selling by Quarter for Chevron (NYSE:CVX)

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