News articles about Chevron (NYSE:CVX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chevron earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.6516462283053 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Prepare to pay more at the gas pump (finance.yahoo.com)
- $38.37 Billion in Sales Expected for Chevron Co. (CVX) This Quarter (americanbankingnews.com)
- Oppenheimer Asset Management Inc. Purchases 2,433 Shares of Chevron Co. (CVX) (americanbankingnews.com)
- Chevron Co. (CVX) Position Lifted by First Republic Investment Management Inc. (americanbankingnews.com)
- Chevron Co. (CVX) Shares Sold by L & S Advisors Inc (americanbankingnews.com)
CVX has been the subject of several research reports. Citigroup raised their price target on Chevron from $118.00 to $128.00 and gave the company a “buy” rating in a report on Monday, October 30th. Morgan Stanley raised their price target on Chevron from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded Chevron from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. BMO Capital Markets raised Chevron from a “market perform” rating to an “outperform” rating and raised their price target for the company from $120.00 to $140.00 in a report on Thursday, January 11th. Finally, Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $134.35 price target for the company in a report on Tuesday, December 26th. Two equities research 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. The company currently has an average rating of “Buy” and an average price target of $130.30.
Chevron (CVX) traded up $2.70 on Friday, hitting $112.59. The stock had a trading volume of 6,460,219 shares, compared to its average volume of 8,130,000. Chevron has a 12 month low of $102.55 and a 12 month high of $133.88. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $213,850.00, a P/E ratio of 29.79, a P/E/G ratio of 2.16 and a beta of 1.15.
Chevron (NYSE:CVX) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.54). Chevron had a return on equity of 5.23% and a net margin of 6.49%. The firm had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. During the same period in the prior year, the business posted $0.22 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. sell-side analysts expect that Chevron will post 6.36 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.98%. This is an increase from Chevron’s previous quarterly dividend of $1.08. Chevron’s dividend payout ratio (DPR) is currently 118.52%.
In other news, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction on 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 completion of the sale, the insider now owns 42,182 shares of the company’s stock, valued at $5,019,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by company insiders.
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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