Media headlines about Chevron Corporation (NYSE:CVX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chevron Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.4831389357489 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- UPDATE 2-Chevron starts LNG output at Australia’s Wheatstone, first cargo expected in weeks (feeds.reuters.com)
- Chevron Achieves First LNG Production (chevron.com)
- CHEVRON CORP BEGINS REDEPLOYING PERSONNEL TO GULF OF MEXICO FACILITIES, RESTORING PRODUCTION THAT WAS SHUT AHEAD OF STORM NATE (af.reuters.com)
- Chevron assessing hurricane’s impact on Mississippi refinery – company (uk.news.yahoo.com)
- Chevron starts LNG output at Australian Wheatstone project (CVX, WPL, 9508) (markets.businessinsider.com)
Chevron Corporation (NYSE:CVX) traded down 1.31% during mid-day trading on Friday, hitting $117.03. The firm has a 50 day moving average of $112.88 and a 200-day moving average of $107.92. The company has a market cap of $221.77 billion, a PE ratio of 37.95 and a beta of 1.24. Chevron Corporation has a 12-month low of $99.61 and a 12-month high of $119.00.
Chevron Corporation (NYSE:CVX) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. Chevron Corporation’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.78) earnings per share. On average, analysts predict that Chevron Corporation will post $3.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Wednesday, August 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.
Several research analysts have issued reports on CVX shares. Scotiabank reiterated a “buy” rating and issued a $113.00 price objective on shares of Chevron Corporation in a research report on Friday, June 30th. Jefferies Group LLC set a $135.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets set a $130.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Citigroup Inc. cut their price objective on Chevron Corporation from $129.00 to $118.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $116.82.
In other news, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the sale, the insider now directly owns 11,000 shares of the company’s stock, valued at $1,217,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total value of $4,329,000.00. Following the sale, the chief financial officer now directly owns 43,838 shares in the company, valued at $4,866,018. The disclosure for this sale can be found here. Insiders have sold 72,312 shares of company stock worth $8,008,343 over the last ninety days. 0.38% of the stock is owned by insiders.
About Chevron Corporation
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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