Chevron Co. (NYSE:CVX - Get Free Report) VP Alana K. Knowles sold 2,800 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the sale, the vice president now directly owns 276 shares of the company's stock, valued at $44,184.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Chevron Stock Up 0.2 %
Shares of NYSE:CVX opened at $160.69 on Friday. The company has a market capitalization of $298.44 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.44 and a beta of 1.12. The stock's fifty day simple moving average is $153.47 and its 200-day simple moving average is $152.48. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $172.88. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13.
Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.26. The company had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The firm's quarterly revenue was down 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.09 EPS. As a group, equities research analysts forecast that Chevron Co. will post 13.13 earnings per share for the current fiscal year.
Chevron Increases Dividend
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The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $1.63 dividend. This is a boost from Chevron's previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 4.06%. The ex-dividend date was Thursday, February 15th. Chevron's payout ratio is presently 57.39%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in CVX. Windsor Advisory Group LLC lifted its position in Chevron by 24.0% during the third quarter. Windsor Advisory Group LLC now owns 3,720 shares of the oil and gas company's stock worth $627,000 after buying an additional 720 shares during the period. Dechtman Wealth Management LLC purchased a new position in shares of Chevron during the 2nd quarter worth about $648,000. Renaissance Investment Group LLC lifted its holdings in shares of Chevron by 12.7% during the 4th quarter. Renaissance Investment Group LLC now owns 6,187 shares of the oil and gas company's stock worth $923,000 after acquiring an additional 697 shares during the period. Altrius Capital Management Inc boosted its position in shares of Chevron by 2.1% in the third quarter. Altrius Capital Management Inc now owns 21,333 shares of the oil and gas company's stock worth $3,597,000 after acquiring an additional 434 shares during the last quarter. Finally, Tsfg LLC grew its holdings in Chevron by 5.3% in the third quarter. Tsfg LLC now owns 3,473 shares of the oil and gas company's stock valued at $586,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 72.42% of the company's stock.
Analyst Ratings Changes
CVX has been the subject of a number of recent analyst reports. DZ Bank downgraded Chevron from a "buy" rating to a "hold" rating and set a $160.00 target price for the company. in a report on Tuesday, February 6th. Royal Bank of Canada raised their price objective on shares of Chevron from $185.00 to $190.00 and gave the company an "outperform" rating in a research note on Monday, February 5th. UBS Group lowered their target price on shares of Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Thursday, December 14th. Piper Sandler dropped their target price on shares of Chevron from $188.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday, March 14th. Finally, Mizuho boosted their price target on Chevron from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $181.32.
Read Our Latest Report on CVX
About Chevron
(
Get Free Report)
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
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