Traders sold shares of Chevron Corp. (NYSE:CVX) on strength during trading on Monday following insider selling activity. $122.06 million flowed into the stock on the tick-up and $366.92 million flowed out of the stock on the tick-down, for a money net flow of $244.86 million out of the stock. Of all equities tracked, Chevron Corp. had the 2nd highest net out-flow for the day. Chevron Corp. traded up $0.98 for the day and closed at $110.18Specifically, Director Linnet F. Deily sold 5,637 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $105.27, for a total value of $593,406.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeanette L. Ourada sold 7,000 shares of the stock in a transaction dated 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 sale, 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. 0.40% of the stock is owned by insiders.

Several research firms recently weighed in on CVX. 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. Jefferies Group reiterated a “buy” rating on shares of Chevron Corp. in a research note on Thursday, September 8th. Barclays PLC reiterated an “equal weight” rating and issued a $125.00 target price on shares of Chevron Corp. in a research note on Thursday, July 28th. Zacks Investment Research cut shares of Chevron Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, BMO Capital Markets began coverage on shares of Chevron Corp. in a research note on Monday, September 12th. They issued an “outperform” rating and a $120.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $108.61.

The firm has a 50-day moving average price of $103.99 and a 200 day moving average price of $102.42. The stock’s market cap is $207.99 billion.

Chevron Corp. (NYSE:CVX) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.29. The business earned $30.14 billion during the quarter, compared to the consensus estimate of $29.71 billion. Chevron Corp. had a negative net margin of 1.34% and a positive return on equity of 0.59%. The firm’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. Equities analysts anticipate that Chevron Corp. will post $1.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 18th will be paid a $1.08 dividend. This is an increase from Chevron Corp.’s previous quarterly dividend of $1.07. The ex-dividend date is Wednesday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.92%. Chevron Corp.’s dividend payout ratio is presently -540.00%.

A number of institutional investors have recently modified their holdings of CVX. Thompson Davis & CO. Inc. boosted its position in shares of Chevron Corp. by 322.6% in the second quarter. Thompson Davis & CO. Inc. now owns 955 shares of the company’s stock valued at $100,000 after buying an additional 729 shares during the period. RPg Family Wealth Advisory LLC boosted its position in shares of Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock valued at $101,000 after buying an additional 134 shares during the period. Solaris Asset Management LLC boosted its position in shares of Chevron Corp. by 42.6% in the third quarter. Solaris Asset Management LLC now owns 1,005 shares of the company’s stock valued at $103,000 after buying an additional 300 shares during the period. Winfield Associates Inc. boosted its position in shares of Chevron Corp. by 1.5% in the third quarter. Winfield Associates Inc. now owns 1,151 shares of the company’s stock valued at $118,000 after buying an additional 17 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of Chevron Corp. by 115.6% in the second quarter. Global X Management Co. LLC now owns 1,158 shares of the company’s stock valued at $121,000 after buying an additional 621 shares during the period. 62.30% of the stock is owned by institutional investors and hedge funds.

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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