Chevron Co. (NYSE:CVX) VP Alana K. Knowles Sells 2,800 Shares

Chevron Co. (NYSE:CVX - Get Free Report) VP Alana K. Knowles sold 2,800 shares of the business's stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total transaction of $462,000.00. Following the completion of the transaction, the vice president now owns 276 shares of the company's stock, valued at $45,540. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Chevron Trading Up 0.3 %

Shares of CVX traded up $0.45 during mid-day trading on Monday, reaching $166.34. The stock had a trading volume of 6,365,830 shares, compared to its average volume of 8,454,267. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70. The firm has a market cap of $308.94 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.44 and a beta of 1.12. The business's fifty day moving average is $156.58 and its 200 day moving average is $151.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.38%. The firm had revenue of $48.72 billion during the quarter, compared to analysts' expectations of $48.42 billion. During the same period last year, the business earned $3.55 earnings per share. Chevron's revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Chevron Co. will post 13.58 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, May 16th. Chevron's dividend payout ratio is presently 59.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Chevron from a "hold" rating to a "buy" rating and set a $184.00 target price for the company in a research note on Monday, January 8th. Barclays assumed coverage on shares of Chevron in a research note on Wednesday, April 10th. They issued an "overweight" rating and a $203.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Chevron from $185.00 to $198.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Royal Bank of Canada upped their price objective on shares of Chevron from $185.00 to $190.00 and gave the stock an "outperform" rating in a research report on Monday, February 5th. Finally, Piper Sandler upped their price objective on shares of Chevron from $180.00 to $204.00 and gave the stock an "overweight" rating in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chevron currently has an average rating of "Moderate Buy" and a consensus target price of $185.25.

Institutional Investors Weigh In On Chevron

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Chevron by 0.3% during the third quarter. Vanguard Group Inc. now owns 161,924,375 shares of the oil and gas company's stock valued at $27,303,688,000 after acquiring an additional 458,080 shares during the last quarter. Berkshire Hathaway Inc increased its position in shares of Chevron by 14.4% during the fourth quarter. Berkshire Hathaway Inc now owns 126,093,326 shares of the oil and gas company's stock valued at $18,808,081,000 after acquiring an additional 15,845,037 shares during the last quarter. Morgan Stanley increased its position in shares of Chevron by 7.0% during the third quarter. Morgan Stanley now owns 34,166,899 shares of the oil and gas company's stock valued at $5,761,223,000 after acquiring an additional 2,244,995 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Chevron by 8.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,235,473 shares of the oil and gas company's stock valued at $3,886,821,000 after acquiring an additional 1,999,332 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Chevron by 2.6% in the third quarter. Northern Trust Corp now owns 22,705,118 shares of the oil and gas company's stock valued at $3,828,537,000 after purchasing an additional 569,850 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

About Chevron

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

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