Chevron Corporation (CVX) CFO Patricia E. Yarrington Sells 13,143 Shares
Chevron Corporation (NYSE:CVX) CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the transaction, the chief financial officer now owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Chevron Corporation (CVX) traded up $0.14 during trading on Friday, hitting $114.71. The company had a trading volume of 4,337,473 shares, compared to its average volume of 5,663,546. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. Chevron Corporation has a 12 month low of $102.55 and a 12 month high of $120.89. The stock has a market capitalization of $217,610.00, a PE ratio of 32.75, a PEG ratio of 3.91 and a beta of 1.22.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The company had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. During the same period last year, the firm posted $0.68 earnings per share. Chevron Corporation’s revenue was up 20.1% compared to the same quarter last year. research analysts anticipate that Chevron Corporation will post 4.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.77%. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.
Several equities analysts have recently weighed in on CVX shares. Credit Suisse Group set a $123.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Citigroup Inc. lowered their price target on shares of Chevron Corporation from $129.00 to $118.00 and set a “buy” rating for the company in a report on Friday, July 21st. Barclays PLC raised shares of Chevron Corporation to an “overweight” rating in a research report on Wednesday, October 11th. BMO Capital Markets set a $120.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Sunday, July 30th. Finally, Vetr downgraded shares of Chevron Corporation from a “buy” rating to a “hold” rating and set a $124.92 price target on the stock. in a report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $120.54.
Several institutional investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC boosted its position in Chevron Corporation by 2.5% in the second quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after purchasing an additional 20 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Chevron Corporation in the second quarter worth about $106,000. Thompson Davis & CO. Inc. boosted its position in Chevron Corporation by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 191 shares during the last quarter. Winfield Associates Inc. boosted its position in Chevron Corporation by 5.1% in the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 63 shares during the last quarter. Finally, Accurate Investment Solutions Inc. boosted its position in Chevron Corporation by 59.1% in the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 502 shares during the last quarter. 63.03% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Chevron Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron Corporation and related companies with MarketBeat.com's FREE daily email newsletter.