Chevron Corp. Announces Quarterly Dividend of $1.00 (CVX)
Chevron Corp. (NYSE:CVX) declared a quarterly dividend on Wednesday, January 29th, American Banking and Market News reports. Stockholders of record on Friday, February 14th will be given a dividend of 1.00 per share on Monday, March 10th. This represents a $4.00 dividend on an annualized basis and a yield of 3.45%.
A number of research firms have recently commented on CVX. Analysts at TheStreet reiterated a “buy” rating on shares of Chevron Corp. in a research note to investors on Tuesday, January 21st. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Chevron Corp. in a research note to investors on Monday, January 13th. They now have a $127.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $131.88.
Shares of Chevron Corp. (NYSE:CVX) traded down 0.72% on Wednesday, hitting $116.00. 5,524,368 shares of the company’s stock traded hands. Chevron Corp. has a 52 week low of $113.50 and a 52 week high of $127.83. The stock has a 50-day moving average of $121.4 and a 200-day moving average of $121.7. The company has a market cap of $223.1 billion and a price-to-earnings ratio of 9.56.
Chevron Corp. (NYSE:CVX) last posted its quarterly earnings results on Friday, November 1st. The company reported $2.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.88 by $0.31. The company had revenue of $58.50 billion for the quarter, compared to the consensus estimate of $58.41 billion. During the same quarter last year, the company posted $2.69 earnings per share. Chevron Corp.’s revenue was up .8% compared to the same quarter last year. On average, analysts predict that Chevron Corp. will post $11.21 earnings per share for the current fiscal year.
Chevron Corporation (NYSE:CVX) 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 fully integrated petroleum operations, chemicals operations, mining activities, power generation and energy services.
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