Key Points
- Insider sale: Chevron insider Andrew Benjamin Walz sold 1,463 shares on Feb. 18 at an average price of $183.83 for $268,943, and had earlier sold 666 shares on Feb. 12 and 22,200 shares on Feb. 3 (the Feb. 3 sale totaled about $3.92M).
- Dividend increase: Chevron raised its quarterly dividend to $1.78 (annualized $7.12), producing a ~3.9% yield with an ex-dividend date of Feb. 17 and a payout ratio of 106.91%.
- Market and analyst context: CVX is trading near $183.69 (52-week high $187.90); analysts are mixed with a consensus "Hold" and $176.36 average price target, while recent quarterly results beat EPS estimates but showed a 10.2% year‑over‑year revenue decline.
Chevron Corporation (NYSE:CVX - Get Free Report) insider Andrew Benjamin Walz sold 1,463 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.83, for a total transaction of $268,943.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Andrew Benjamin Walz also recently made the following trade(s):
- On Thursday, February 12th, Andrew Benjamin Walz sold 666 shares of Chevron stock. The shares were sold at an average price of $183.40, for a total transaction of $122,144.40.
- On Tuesday, February 3rd, Andrew Benjamin Walz sold 22,200 shares of Chevron stock. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00.
Chevron Trading Down 0.6%
CVX stock opened at $183.69 on Friday. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $187.90. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The firm has a market cap of $369.86 billion, a P/E ratio of 27.58, a PEG ratio of 12.23 and a beta of 0.70. The company's 50-day simple moving average is $165.86 and its 200-day simple moving average is $158.48.
Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 8.23% and a net margin of 6.51%.Chevron's revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 EPS. As a group, equities analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.
Chevron Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio is currently 106.91%.
Institutional Trading of Chevron
Large investors have recently bought and sold shares of the business. Core Wealth Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at approximately $26,000. Basso Capital Management L.P. purchased a new position in Chevron during the fourth quarter worth approximately $27,000. Karpus Management Inc. acquired a new position in Chevron during the fourth quarter worth $27,000. Quattro Advisors LLC purchased a new stake in Chevron in the 4th quarter valued at $27,000. Finally, Quaker Wealth Management LLC grew its holdings in Chevron by 197.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company's stock valued at $31,000 after buying an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently commented on CVX. JPMorgan Chase & Co. raised shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price target for the company in a report on Tuesday, January 20th. Jefferies Financial Group lifted their target price on shares of Chevron from $174.00 to $189.00 and gave the company a "buy" rating in a research report on Wednesday, January 14th. Bank of America cut their target price on shares of Chevron from $183.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, December 11th. Scotiabank restated a "sector perform" rating and set a $168.00 price target on shares of Chevron in a research report on Friday, January 16th. Finally, Barclays lifted their price objective on Chevron from $158.00 to $166.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 21st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $176.36.
Read Our Latest Analysis on Chevron
Chevron News Roundup
Here are the key news stories impacting Chevron this week:
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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