James William Johnson Sells 9,500 Shares of Chevron Co. (CVX) Stock

Chevron Co. (NYSE:CVX) insider James William Johnson sold 9,500 shares of Chevron stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $118.59, for a total transaction of $1,126,605.00. Following the completion of the sale, the insider now directly owns 9,500 shares in the company, valued at approximately $1,126,605. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

James William Johnson also recently made the following trade(s):

  • On Thursday, October 11th, James William Johnson sold 4,750 shares of Chevron stock. The stock was sold at an average price of $119.97, for a total transaction of $569,857.50.
  • On Thursday, September 13th, James William Johnson sold 4,750 shares of Chevron stock. The stock was sold at an average price of $116.00, for a total transaction of $551,000.00.

Shares of NYSE CVX traded up $1.73 during midday trading on Monday, hitting $120.67. The company’s stock had a trading volume of 8,158,418 shares, compared to its average volume of 6,507,137. Chevron Co. has a one year low of $107.54 and a one year high of $133.88. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $227.27 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.05. Chevron had a net margin of 8.79% and a return on equity of 8.19%. The company had revenue of $43.99 billion for the quarter, compared to analyst estimates of $47.17 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. Equities analysts expect that Chevron Co. will post 8.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, November 15th. Chevron’s dividend payout ratio (DPR) is currently 121.08%.

CVX has been the topic of several research reports. Wells Fargo & Co lowered their price objective on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Monday, October 1st. Redburn Partners lowered shares of Chevron from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $115.00 in a research report on Wednesday, October 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Chevron in a research report on Tuesday, October 23rd. Finally, Royal Bank of Canada set a $150.00 price objective on shares of Chevron and gave the stock a “hold” rating in a research report on Thursday, September 20th. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $138.13.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Live Your Vision LLC grew its stake in Chevron by 308.0% during the second quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 616 shares in the last quarter. Canton Hathaway LLC purchased a new position in Chevron during the third quarter valued at approximately $141,000. Point72 Asia Hong Kong Ltd grew its stake in Chevron by 20,716.7% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 1,243 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in Chevron during the third quarter valued at approximately $144,000. Finally, O Brien Wealth Partners LLC grew its stake in Chevron by 4,389.3% during the third quarter. O Brien Wealth Partners LLC now owns 1,257 shares of the oil and gas company’s stock valued at $154,000 after acquiring an additional 1,229 shares in the last quarter. 64.67% of the stock is currently owned by institutional investors.

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Chevron Company Profile

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

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Insider Buying and Selling by Quarter for Chevron (NYSE:CVX)

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