Key Points
- Alana Knowles sold 3,200 shares of Chevron on Jan. 14 at an average price of $168, reducing her stake by 72.61% to 1,207 shares in a $537,600 SEC‑filed transaction.
- Chevron is expected to possibly receive an expanded Venezuela license, which could let the company scale up production and revenue in a resource-rich basin if the expansion is realized.
- Chevron pays a quarterly dividend of $1.71 (annualized $6.84) for a 4.1% yield
Chevron Corporation (NYSE:CVX - Get Free Report) insider Alana Knowles sold 3,200 shares of the business's stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $168.00, for a total value of $537,600.00. Following the sale, the insider owned 1,207 shares of the company's stock, valued at approximately $202,776. This trade represents a 72.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Chevron Stock Performance
Shares of NYSE:CVX opened at $166.09 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $169.37. The firm has a market capitalization of $334.43 billion, a PE ratio of 23.36, a P/E/G ratio of 10.36 and a beta of 0.70. The business's 50 day moving average price is $153.24 and its 200-day moving average price is $154.00.
Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.48 earnings per share. As a group, equities research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.
Chevron Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, November 18th. Chevron's payout ratio is currently 96.20%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Zacks Research upgraded Chevron from a "strong sell" rating to a "hold" rating in a research report on Tuesday, December 23rd. Sanford C. Bernstein lifted their price target on Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a report on Monday, January 5th. Wells Fargo & Company upped their price objective on shares of Chevron from $190.00 to $196.00 and gave the company an "overweight" rating in a report on Friday, November 14th. Scotiabank raised their price objective on shares of Chevron from $160.00 to $165.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 9th. Finally, Hsbc Global Res raised shares of Chevron from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $168.14.
Get Our Latest Stock Analysis on Chevron
Key Stories Impacting Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Expected expanded Venezuela license could allow Chevron to boost production and revenue in a high-resource basin — a strategic upside if realized. Reuters: Chevron expected to receive expanded Venezuela license
- Positive Sentiment: Coverage highlighting Chevron as a long-term, cash-generating dividend compounder supports buy-and-hold investor demand (dividend aristocrat profile). MarketBeat: Chevron company page / coverage
- Neutral Sentiment: Analyst pieces note industry headwinds from weaker oil prices and energy transition risks but suggest integrated majors like Chevron are better positioned to endure volatility. Zacks: Weak Oil Prices Loom
- Neutral Sentiment: Multiple outlets report Chevron is in talks/positioned to expand Venezuela operations under a new U.S. license — this is material but may take time to translate into production. Yahoo Finance: Chevron in talks to expand Venezuela license
- Negative Sentiment: Oil prices dropped over 3% after Iran tensions eased, pressuring upstream margins and near-term earnings prospects for oil majors including Chevron. Barron's: Oil prices fall as Iran tensions ease
- Negative Sentiment: Insider sale: Alana K. Knowles sold 3,200 shares at about $168 each (legal SEC Form 4 filed); while insider sales are common, the large reduction in position can weigh on sentiment short term. SEC Form 4: Insider sale
Institutional Investors Weigh In On Chevron
A number of institutional investors have recently made changes to their positions in the stock. Barlow Wealth Partners LLC lifted its stake in Chevron by 1.1% during the fourth quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company's stock worth $869,000 after purchasing an additional 60 shares in the last quarter. Vishria Bird Financial Group LLC grew its stake in shares of Chevron by 1.2% in the third quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company's stock valued at $821,000 after buying an additional 65 shares in the last quarter. Nexus Investment Management ULC raised its holdings in shares of Chevron by 0.9% in the 3rd quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company's stock valued at $1,187,000 after buying an additional 65 shares during the period. Scott & Selber Inc. lifted its stake in Chevron by 0.5% during the 3rd quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company's stock worth $2,079,000 after acquiring an additional 65 shares in the last quarter. Finally, Affinity Capital Advisors LLC boosted its holdings in Chevron by 2.2% during the 4th quarter. Affinity Capital Advisors LLC now owns 2,956 shares of the oil and gas company's stock valued at $451,000 after acquiring an additional 65 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.
About Chevron
(
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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