Chevron Co. (NYSE:CVX) insider James William Johnson sold 9,500 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $129.44, for a total transaction of $1,229,680.00. Following the sale, the insider now directly owns 9,500 shares of the company’s stock, valued at $1,229,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Chevron opened at $122.19 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.04 and a quick ratio of 0.84. The stock has a market capitalization of $241.86 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 2.40 and a beta of 1.14. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, April 27th. The oil and gas company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.45. The company had revenue of $37.76 billion during the quarter, compared to analysts’ expectations of $40.34 billion. Chevron had a net margin of 6.95% and a return on equity of 5.83%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 EPS. sell-side analysts expect that Chevron Co. will post 7.55 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on CVX. Royal Bank of Canada raised shares of Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 price objective for the company in a research note on Friday, February 9th. Credit Suisse Group boosted their price objective on shares of Chevron from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, April 30th. Vetr cut shares of Chevron from a “strong-buy” rating to a “buy” rating and set a $122.05 price objective for the company. in a research note on Monday, February 26th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Societe Generale raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the stock. Chevron currently has an average rating of “Buy” and an average target price of $131.92.
A number of large investors have recently bought and sold shares of CVX. Retirement Systems of Alabama raised its stake in shares of Chevron by 13.7% in the 3rd quarter. Retirement Systems of Alabama now owns 1,198,067 shares of the oil and gas company’s stock valued at $140,773,000 after purchasing an additional 144,182 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Chevron by 305,886.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,613,124 shares of the oil and gas company’s stock valued at $307,042,000 after purchasing an additional 2,612,270 shares in the last quarter. Crescent Grove Advisors LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at about $218,000. Cambiar Investors LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at about $222,000. Finally, CIBC Asset Management Inc raised its stake in shares of Chevron by 4.2% in the 3rd quarter. CIBC Asset Management Inc now owns 249,513 shares of the oil and gas company’s stock valued at $29,318,000 after purchasing an additional 10,092 shares in the last quarter. 64.42% of the stock is owned by institutional investors.
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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