Chevron Co. (CVX) Plans Quarterly Dividend of $1.07
Chevron (NYSE:CVX) declared a quarterly dividend on Wednesday, July 30th, AnalystRatingsNetwork reports. Stockholders of record on Tuesday, August 19th will be given a dividend of 1.07 per share on Wednesday, September 10th. This represents a $4.28 dividend on an annualized basis and a yield of 3.23%.
A number of research firms have recently commented on CVX. Analysts at Barclays reiterated an “equal weight” rating on shares of Chevron in a research note on Friday, July 25th. They now have a $141.00 price target on the stock, up previously from $130.00. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Chevron from $142.00 to $157.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Chevron from $132.00 to $146.00 in a research note on Friday, July 11th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chevron currently has a consensus rating of “Buy” and an average price target of $135.33.
Chevron (NYSE:CVX) traded up 0.08% on Wednesday, hitting $132.53. 4,601,818 shares of the company’s stock traded hands. Chevron has a 52-week low of $109.27 and a 52-week high of $135.10. The stock’s 50-day moving average is $130.5 and its 200-day moving average is $121.. The company has a market cap of $252.3 billion and a P/E ratio of 12.90.
Chevron (NYSE:CVX) last announced its earnings results on Friday, May 2nd. The company reported $2.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.51 by $0.15. The company had revenue of $53.27 billion for the quarter, compared to the consensus estimate of $54.47 billion. During the same quarter last year, the company posted $3.18 earnings per share. Chevron’s revenue was down 6.3% compared to the same quarter last year. On average, analysts predict that Chevron will post $10.78 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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