Analysts Anticipate Chevron Co. (CVX) to Post $1.27 EPS
Wall Street analysts forecast that Chevron Co. (NYSE:CVX) will report earnings per share of $1.27 for the current quarter, according to Zacks. Four analysts have made estimates for Chevron’s earnings. The highest EPS estimate is $1.58 and the lowest is $1.13. Chevron reported earnings per share of $0.22 in the same quarter last year, which suggests a positive year over year growth rate of 477.3%. The company is expected to announce its next earnings report before the market opens on Friday, February 2nd.
According to Zacks, analysts expect that Chevron will report full-year earnings of $4.35 per share for the current year, with EPS estimates ranging from $4.10 to $4.79. For the next fiscal year, analysts expect that the firm will post earnings of $5.82 per share, with EPS estimates ranging from $4.56 to $7.21. Zacks’ EPS averages are an average based on a survey of analysts that cover Chevron.
Chevron (NYSE:CVX) last issued its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. Chevron’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share.
Shares of Chevron (NYSE:CVX) opened at $131.59 on Friday. The company has a market capitalization of $249,940.00, a price-to-earnings ratio of 38.36, a PEG ratio of 2.84 and a beta of 1.21. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Chevron has a 12-month low of $102.55 and a 12-month high of $133.88.
In other Chevron news, CFO Patricia E. Yarrington sold 116,857 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $115.29, for a total value of $13,472,443.53. Following the completion of the sale, the chief financial officer now owns 39,506 shares of the company’s stock, valued at $4,554,646.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the sale, the insider now directly owns 1,229 shares of the company’s stock, valued at approximately $145,022. The disclosure for this sale can be found here. Insiders sold 288,500 shares of company stock valued at $33,480,822 in the last ninety days. Insiders own 0.38% of the company’s stock.
Several large investors have recently made changes to their positions in CVX. Shine Investment Advisory Services Inc. bought a new position in shares of Chevron in the second quarter worth about $106,000. Winfield Associates Inc. increased its stake in shares of Chevron by 5.1% in the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 63 shares during the period. Daiwa SB Investments Ltd. increased its stake in shares of Chevron by 438.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 1,140 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Chevron by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 800 shares during the period. Finally, Accurate Investment Solutions Inc. increased its stake in shares of Chevron by 59.1% in the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 502 shares during the period. 63.84% of the stock is owned by institutional investors.
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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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