The Vice Pres. and Comptroller of Chevron Corp is Exercising Options

By Carrie Williams

Today it was reported that the Vice Pres. and Comptroller of Chevron Corp (CVXResearch Report), Jeanette Ourada, exercised options to sell 7,200 CVX shares at $69.70 a share, for a total transaction value of $838.8K. The options were close to expired and Jeanette Ourada disposed stocks.

Following Jeanette Ourada’s last CVX Sell transaction on August 26, 2016, the stock climbed by 24.8%.

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Based on Chevron Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $40.34 billion and quarterly net profit of $3.73 billion. In comparison, last year the company earned revenue of $36.57 billion and had a net profit of $3.11 billion. Currently, Chevron Corp has an average volume of 4.97M. CVX’s market cap is $228.3B and the company has a P/E ratio of 15.42.

Based on 12 analyst ratings, the analyst consensus is Strong Buy with an average price target of $132.36, reflecting a 11.3% upside.

The insider sentiment on Chevron Corp has been negative according to 41 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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