Traders Sell Chevron (CVX) on Strength (CVX)

Traders sold shares of Chevron Corporation (NYSE:CVX) on strength during trading on Monday. $101.16 million flowed into the stock on the tick-up and $242.68 million flowed out of the stock on the tick-down, for a money net flow of $141.52 million out of the stock. Of all companies tracked, Chevron had the 3rd highest net out-flow for the day. Chevron traded up $0.16 for the day and closed at $124.98

CVX has been the topic of several research analyst reports. Jefferies Group set a $130.00 price objective on Chevron and gave the stock a “buy” rating in a research note on Tuesday, August 29th. UBS Group set a $105.00 target price on Chevron and gave the company a “neutral” rating in a research report on Wednesday, September 6th. Scotiabank reaffirmed a “buy” rating on shares of Chevron in a research report on Friday, September 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Chevron in a research report on Saturday, September 16th. Finally, Cowen reaffirmed a “buy” rating and set a $122.00 target price on shares of Chevron in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $124.22.

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The firm has a market cap of $237,690.00, a price-to-earnings ratio of 36.44, a P/E/G ratio of 4.12 and a beta of 1.21.

Chevron (NYSE:CVX) last issued 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. The firm had revenue of $36.21 billion during the quarter, compared to analyst estimates of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. equities research analysts predict that Chevron Corporation will post 4.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.46%. Chevron’s dividend payout ratio (DPR) is 125.95%.

In related news, insider Pierre R. Breber sold 23,250 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total value of $2,766,750.00. Following the completion of the transaction, the insider now owns 42,182 shares in the company, valued at approximately $5,019,658. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Patricia E. Yarrington sold 13,143 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the transaction, the chief financial officer now owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The disclosure for this sale can be found here. Insiders sold a total of 314,000 shares of company stock valued at $36,540,822 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Shine Investment Advisory Services Inc. acquired a new stake in shares of Chevron during the 2nd quarter valued at about $106,000. Thompson Davis & CO. Inc. grew its position in shares of Chevron by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after acquiring an additional 191 shares during the period. Winfield Associates Inc. grew its position in shares of Chevron by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after acquiring an additional 63 shares during the period. Daiwa SB Investments Ltd. boosted its holdings in Chevron by 438.5% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 1,140 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its holdings in Chevron by 133.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 800 shares during the last quarter. Institutional investors own 63.77% of the company’s stock.

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About Chevron

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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