Investors bought shares of Chevron Corp. (NYSE:CVX) on weakness during trading on Friday following insider selling activity. $176.82 million flowed into the stock on the tick-up and $104.61 million flowed out of the stock on the tick-down, for a money net flow of $72.21 million into the stock. Of all equities tracked, Chevron Corp. had the 2nd highest net in-flow for the day. Chevron Corp. traded down ($0.23) for the day and closed at $108.12Specifically, insider Pierre R. Breber sold 10,000 shares of Chevron Corp. stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $110.00, for a total value of $1,100,000.00. Following the completion of the transaction, the insider now owns 28,911 shares in the company, valued at $3,180,210. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeanette L. Ourada sold 7,000 shares of Chevron Corp. stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $101.70, for a total transaction of $711,900.00. Following the completion of the transaction, the insider now owns 7,535 shares of the company’s stock, valued at approximately $766,309.50. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

A number of research analysts have recently issued reports on CVX shares. Jefferies Group reiterated a “buy” rating on shares of Chevron Corp. in a research note on Thursday, September 8th. Vetr upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $107.24 target price for the company in a research note on Tuesday, August 9th. HSBC reiterated a “buy” rating and issued a $120.00 target price on shares of Chevron Corp. in a research note on Sunday, October 16th. Zacks Investment Research upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Tuesday, October 18th. Finally, Goldman Sachs Group Inc. upgraded shares of Chevron Corp. from a “neutral” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Monday, October 31st. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Chevron Corp. has an average rating of “Buy” and an average target price of $108.61.

The stock’s market cap is $206.14 billion. The stock’s 50 day moving average price is $102.85 and its 200 day moving average price is $102.23.

Chevron Corp. (NYSE:CVX) last announced its earnings results on Friday, October 28th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.29. Chevron Corp. had a negative net margin of 1.34% and a positive return on equity of 0.59%. The business earned $30.14 billion during the quarter, compared to the consensus estimate of $29.71 billion. During the same quarter last year, the firm earned $1.09 earnings per share. Chevron Corp.’s quarterly revenue was down 12.2% on a year-over-year basis. Equities analysts predict that Chevron Corp. will post $1.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 18th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Wednesday, November 16th. This is an increase from Chevron Corp.’s previous quarterly dividend of $1.07. Chevron Corp.’s dividend payout ratio (DPR) is currently -540.00%.

A number of large investors have recently bought and sold shares of the company. Shell Asset Management Co. boosted its stake in Chevron Corp. by 8.6% in the second quarter. Shell Asset Management Co. now owns 425,939 shares of the company’s stock worth $44,651,000 after buying an additional 33,713 shares during the last quarter. Strs Ohio boosted its stake in Chevron Corp. by 0.4% in the second quarter. Strs Ohio now owns 2,051,577 shares of the company’s stock worth $215,066,000 after buying an additional 8,006 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Chevron Corp. by 3.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 322,427 shares of the company’s stock worth $33,800,000 after buying an additional 11,852 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in Chevron Corp. during the second quarter worth approximately $2,118,000. Finally, Howard Capital Management boosted its stake in Chevron Corp. by 1.2% in the second quarter. Howard Capital Management now owns 136,346 shares of the company’s stock worth $14,293,000 after buying an additional 1,676 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Chevron Corp.

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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