Traders sold shares of Chevron Co. (NYSE:CVX) on strength during trading on Wednesday. $140.17 million flowed into the stock on the tick-up and $247.15 million flowed out of the stock on the tick-down, for a money net flow of $106.98 million out of the stock. Of all companies tracked, Chevron had the 14th highest net out-flow for the day. Chevron traded up $0.34 for the day and closed at $113.63

Several equities research analysts have issued reports on CVX shares. Royal Bank of Canada raised Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 price target for the company in a research note on Friday, February 9th. Morgan Stanley lifted their price target on Chevron from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Vetr lowered Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target for the company. in a research note on Thursday, January 11th. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research note on Friday, November 17th. Finally, TheStreet raised Chevron from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $130.30.

The firm has a market cap of $215,830.00, a price-to-earnings ratio of 30.06, a P/E/G ratio of 2.24 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.54). The company had revenue of $37.62 billion during the quarter, compared to analysts’ expectations of $38.43 billion. Chevron had a return on equity of 5.23% and a net margin of 6.49%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS. equities research analysts expect that Chevron Co. will post 6.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.48 annualized dividend and a dividend yield of 3.94%. This is an increase from Chevron’s previous quarterly dividend of $1.08. Chevron’s payout ratio is currently 114.29%.

In related news, insider Pierre R. Breber sold 23,250 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following 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 SEC, which can be accessed through the SEC website. Also, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $115.01, for a total value of $1,511,576.43. Following the transaction, the chief financial officer now owns 17,981 shares in the company, valued at approximately $2,067,994.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,021 shares of company stock worth $30,619,037. 0.38% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in CVX. Valley National Advisers Inc. grew its holdings in shares of Chevron by 0.4% during the 2nd quarter. Valley National Advisers Inc. now owns 2,612 shares of the oil and gas company’s stock worth $273,000 after acquiring an additional 11 shares during the period. Deschutes Portfolio Strategy LLC boosted its position in shares of Chevron by 0.5% in the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 13 shares in the last quarter. Regis Management CO LLC boosted its position in shares of Chevron by 0.4% in the 2nd quarter. Regis Management CO LLC now owns 3,269 shares of the oil and gas company’s stock worth $341,000 after purchasing an additional 14 shares in the last quarter. Keel Point LLC boosted its position in shares of Chevron by 0.5% in the 2nd quarter. Keel Point LLC now owns 2,759 shares of the oil and gas company’s stock worth $288,000 after purchasing an additional 14 shares in the last quarter. Finally, FCG Advisors LLC boosted its position in shares of Chevron by 0.4% in the 2nd quarter. FCG Advisors LLC now owns 3,907 shares of the oil and gas company’s stock worth $408,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 63.72% of the company’s stock.

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Chevron Company Profile

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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