Rep. Julie Johnson Sells Chevron Co. (NYSE:CVX) Shares

Representative Julie Johnson (D-Texas) recently sold shares of Chevron Co. NYSE: CVX. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Chevron stock on April 7th. The trade occurred in the Representative's "MERRILL LYNCH LONG TERM GROWTH" account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/30/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/22/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/15/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 4/11/2025.
• Sold $1,001 - $15,000 in shares of DT Midstream NYSE: DTM on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Howmet Aerospace NYSE: HWM on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Carlisle Companies NYSE: CSL on 4/7/2025.

Chevron Stock Down 0.4%

Shares of NYSE:CVX traded down $0.51 during trading on Tuesday, hitting $137.98. 3,216,985 shares of the company were exchanged, compared to its average volume of 8,849,731. The firm's 50 day moving average price is $146.37 and its 200-day moving average price is $151.71. Chevron Co. has a 12-month low of $132.04 and a 12-month high of $168.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The stock has a market capitalization of $240.97 billion, a P/E ratio of 14.20, a PEG ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The company had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. Chevron's revenue for the quarter was down 2.3% on a year-over-year basis. On average, research analysts predict that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.71 per share. The ex-dividend date is Monday, May 19th. This represents a $6.84 dividend on an annualized basis and a yield of 4.96%. Chevron's payout ratio is currently 78.17%.

Institutional Trading of Chevron

Large investors have recently made changes to their positions in the stock. Life Planning Partners Inc purchased a new position in shares of Chevron during the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new position in Chevron in the 4th quarter valued at $25,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Chevron by 420.7% during the first quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 122 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Chevron in the fourth quarter valued at $29,000. Finally, 10Elms LLP acquired a new position in Chevron in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. TD Cowen reduced their target price on shares of Chevron from $155.00 to $150.00 and set a "hold" rating for the company in a report on Monday, May 5th. Scotiabank downgraded Chevron from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the company from $160.00 to $143.00 in a research note on Friday, April 11th. Redburn Atlantic reiterated a "sell" rating and issued a $124.00 target price (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Finally, DZ Bank lowered Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price on the stock. in a report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $160.24.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

Chevron Company Profile

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.