Chevron Co. (NYSE:CVX) CFO Pierre R. Breber sold 15,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $124.97, for a total transaction of $1,874,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NYSE:CVX traded up $1.56 during mid-day trading on Friday, reaching $116.15. 5,043,979 shares of the company were exchanged, compared to its average volume of 6,388,663. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.15 and a quick ratio of 0.91. The firm has a market cap of $214.79 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 4.19 and a beta of 0.99. The firm’s 50-day simple moving average is $118.45 and its 200 day simple moving average is $120.74. Chevron Co. has a 1 year low of $100.22 and a 1 year high of $127.34.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.53. The firm had revenue of $38.85 billion during the quarter, compared to analysts’ expectations of $40.14 billion. Chevron had a net margin of 9.18% and a return on equity of 9.58%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the company posted $1.78 EPS. On average, research analysts forecast that Chevron Co. will post 6.75 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Chevron by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 157,513,617 shares of the oil and gas company’s stock valued at $19,600,995,000 after purchasing an additional 1,572,940 shares in the last quarter. BlackRock Inc. raised its stake in Chevron by 3.5% during the 2nd quarter. BlackRock Inc. now owns 131,522,440 shares of the oil and gas company’s stock worth $16,366,651,000 after acquiring an additional 4,401,622 shares in the last quarter. Northern Trust Corp raised its stake in Chevron by 2.8% during the 2nd quarter. Northern Trust Corp now owns 28,068,068 shares of the oil and gas company’s stock worth $3,492,791,000 after acquiring an additional 769,941 shares in the last quarter. Morgan Stanley raised its stake in Chevron by 7.9% during the 2nd quarter. Morgan Stanley now owns 16,262,708 shares of the oil and gas company’s stock worth $2,023,732,000 after acquiring an additional 1,184,133 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Chevron by 2,073.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 14,886,232 shares of the oil and gas company’s stock worth $1,852,443,000 after acquiring an additional 14,201,379 shares in the last quarter. 65.61% of the stock is owned by institutional investors.
Several research firms have recently issued reports on CVX. Morgan Stanley lowered their target price on shares of Chevron from $146.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. ValuEngine raised shares of Chevron from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Cowen set a $140.00 price target on shares of Chevron and gave the company a “buy” rating in a research note on Friday, August 30th. BMO Capital Markets began coverage on shares of Chevron in a research note on Tuesday, August 20th. They issued an “outperform” rating and a $165.00 price target for the company. Finally, Barclays began coverage on shares of Chevron in a research note on Monday, August 19th. They issued an “overweight” rating and a $145.00 price target for the company. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Chevron has an average rating of “Buy” and an average target price of $137.47.
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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