Chevron (NYSE:CVX) CTO Sells $2,042,414.40 in Stock
by Doug Wharley · The Cerbat GemChevron Corporation (NYSE:CVX – Get Free Report) CTO Thomas Ryder Booth sold 11,076 shares of Chevron stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $184.40, for a total transaction of $2,042,414.40. Following the transaction, the chief technology officer directly owned 1,122 shares in the company, valued at approximately $206,896.80. This trade represents a 90.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Thomas Ryder Booth also recently made the following trade(s):
- On Friday, February 13th, Thomas Ryder Booth sold 1,122 shares of Chevron stock. The shares were sold at an average price of $182.37, for a total value of $204,619.14.
- On Wednesday, February 11th, Thomas Ryder Booth sold 5 shares of Chevron stock. The stock was sold at an average price of $184.77, for a total value of $923.85.
- On Tuesday, February 3rd, Thomas Ryder Booth sold 6,000 shares of Chevron stock. The stock was sold at an average price of $178.43, for a total value of $1,070,580.00.
Chevron Stock Down 1.8%
NYSE:CVX traded down $3.35 during trading hours on Tuesday, hitting $180.39. The stock had a trading volume of 9,840,679 shares, compared to its average volume of 12,658,585. The company has a market cap of $363.22 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 12.16 and a beta of 0.70. The business has a 50 day simple moving average of $163.21 and a two-hundred day simple moving average of $157.68. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $186.52.
Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. Analysts predict that Chevron Corporation will post 10.79 EPS for the current year.
Chevron Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. Chevron’s dividend payout ratio is 102.70%.
Wall Street Analyst Weigh In
CVX has been the topic of a number of recent analyst reports. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Tuesday. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price on the stock in a report on Tuesday, January 20th. Wells Fargo & Company boosted their price target on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Mizuho raised their price objective on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, TD Cowen increased their target price on shares of Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Chevron presently has a consensus rating of “Hold” and a consensus target price of $176.36.
Institutional Investors Weigh In On Chevron
A number of hedge funds and other institutional investors have recently modified their holdings of CVX. Castellan Group boosted its position in shares of Chevron by 10.7% during the 2nd quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock valued at $2,922,000 after purchasing an additional 1,965 shares in the last quarter. United Bank lifted its position in shares of Chevron by 7.7% during the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after acquiring an additional 796 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Chevron in the 2nd quarter worth $20,701,000. Chicago Partners Investment Group LLC raised its position in shares of Chevron by 12.5% during the second quarter. Chicago Partners Investment Group LLC now owns 21,246 shares of the oil and gas company’s stock worth $3,253,000 after purchasing an additional 2,362 shares during the period. Finally, Balboa Wealth Partners lifted its holdings in shares of Chevron by 25.8% during the second quarter. Balboa Wealth Partners now owns 4,471 shares of the oil and gas company’s stock valued at $640,000 after purchasing an additional 916 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.
Trending Headlines about Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Chevron-led consortium awarded four offshore lease blocks in Greece, giving Chevron a 70% operating interest and expanding its Mediterranean exploration footprint — a tangible long‑term growth/reserves catalyst. Article Title
- Positive Sentiment: Chevron announced a larger dividend payout to shareholders, reinforcing its income appeal for yield‑seeking investors as Treasury yields have softened. This supports investor demand for blue‑chip energy dividend names. Article Title
- Neutral Sentiment: CVX is a trending ticker on Zacks and other outlets; several write‑ups are re‑examining Chevron’s outlook and positioning relative to peers, which can increase short‑term volume and volatility without changing fundamentals. Article Title
- Neutral Sentiment: Sector commentary notes that integrated energy names like Chevron are generating strong cash flow but still trade at discounts to the broader market — a mixed signal that may keep valuation debates active among investors. Article Title
- Negative Sentiment: Despite Melius Research upgrading CVX to a “buy” and raising its price target to $205 (from $155), the market largely ignored the move and shares declined — suggesting the upgrade alone isn’t changing investor conviction and that short‑term selling/rotation is outweighing fresh positive analyst views. Article Title
About Chevron
Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.
Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.
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