Chevron (CVX) Set to Announce Earnings on Friday

Chevron (NYSE:CVX) is set to issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $3.06 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. The company had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The company’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same period last year, the company earned $4.09 earnings per share. On average, analysts expect Chevron to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Chevron Price Performance

Shares of CVX opened at $162.85 on Wednesday. The firm has a market capitalization of $302.46 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. Chevron has a one year low of $139.62 and a one year high of $172.38. The stock’s fifty day moving average is $155.88 and its 200-day moving average is $151.66.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.00%. This is a positive change from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date was Thursday, February 15th. Chevron’s dividend payout ratio (DPR) is 57.39%.

Analyst Upgrades and Downgrades

CVX has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a report on Monday, April 1st. Mizuho raised their target price on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Barclays began coverage on Chevron in a research note on Wednesday, April 10th. They set an “overweight” rating and a $203.00 target price for the company. UBS Group raised their target price on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Finally, Wells Fargo & Company raised their target price on Chevron from $185.00 to $198.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average target price of $184.75.

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the sale, the vice president now directly owns 276 shares of the company’s stock, valued at approximately $44,184.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.