Chevron Corporation (NYSE:CVX) was the recipient of unusually large options trading on Monday. Stock traders bought 9,406 call options on the stock. This is an increase of 100% compared to the average daily volume of 4,703 call options.

In other news, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total value of $4,329,000.00. Following the transaction, the chief financial officer now directly owns 43,838 shares of the company’s stock, valued at $4,866,018. The disclosure for this sale can be found here. Insiders have sold a total of 72,312 shares of company stock valued at $8,008,343 over the last three months. 0.38% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. New Capital Management LP raised its holdings in shares of Chevron Corporation by 0.3% during the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 4 shares during the last quarter. Hochman Cole Investment Advisors Inc. raised its holdings in shares of Chevron Corporation by 0.3% during the second quarter. Hochman Cole Investment Advisors Inc. now owns 2,682 shares of the oil and gas company’s stock valued at $280,000 after buying an additional 7 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of Chevron Corporation by 0.4% during the second quarter. Valley National Advisers Inc. now owns 2,612 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 11 shares during the last quarter. Deschutes Portfolio Strategy LLC raised its holdings in shares of Chevron Corporation by 0.5% during the second quarter. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company’s stock valued at $301,000 after buying an additional 13 shares during the last quarter. Finally, Regis Management CO LLC raised its holdings in shares of Chevron Corporation by 0.4% during the second quarter. Regis Management CO LLC now owns 3,269 shares of the oil and gas company’s stock valued at $341,000 after buying an additional 14 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

Shares of Chevron Corporation (CVX) opened at 117.58 on Thursday. The firm’s 50-day moving average price is $112.23 and its 200 day moving average price is $107.77. Chevron Corporation has a 1-year low of $99.61 and a 1-year high of $119.00. The stock has a market capitalization of $222.81 billion, a P/E ratio of 38.13 and a beta of 1.24.

Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same period in the previous year, the firm posted ($0.78) earnings per share. Chevron Corporation’s quarterly revenue was up 17.8% compared to the same quarter last year. Analysts expect that Chevron Corporation will post $3.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 18th were paid a $1.08 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.67%. Chevron Corporation’s payout ratio is currently 140.26%.

Several research analysts have recently issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $130.00 price objective on shares of Chevron Corporation in a research report on Tuesday. Wells Fargo & Company reaffirmed a “market perform” rating and set a $108.00 price objective (up from $100.00) on shares of Chevron Corporation in a research report on Tuesday. Bank of America Corporation reaffirmed a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Chevron Corporation in a research report on Tuesday. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $123.00 price objective (up from $118.00) on shares of Chevron Corporation in a research report on Tuesday, September 19th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $122.00 price objective on shares of Chevron Corporation in a research report on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $116.82.

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About Chevron Corporation

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

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