Media coverage about Chevron (NYSE:CVX) has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Chevron earned a news impact score of 1.67 on their scale. InfoTrie also assigned press coverage about the oil and gas company an news buzz score of 7 out of 10, indicating that recent media coverage is likely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Chevron’s ranking:
- Chevron Aims $3.6 Billion at the Permian in 2019 (oilandgas360.com)
- Brokerages Expect Chevron Co. (CVX) Will Announce Earnings of $2.40 Per Share (americanbankingnews.com)
- Chevron unveils $20B capex budget for 2019 (seekingalpha.com)
- Chevron Unveils $20B Capital Expenditure Budget for 2019 (zacks.com)
- Chevron Announces $20 Billion Capital and Exploratory Budget for 2019 (marketwatch.com)
CVX has been the topic of several research analyst reports. HSBC upgraded Chevron from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Monday, October 1st. Goldman Sachs Group upgraded Chevron from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, October 2nd. Royal Bank of Canada set a $150.00 target price on Chevron and gave the stock a “hold” rating in a report on Thursday, September 20th. Finally, Berenberg Bank initiated coverage on Chevron in a report on Tuesday, September 11th. They set a “hold” rating and a $135.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Chevron currently has a consensus rating of “Buy” and an average price target of $139.13.
Shares of CVX opened at $115.49 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. Chevron has a 12-month low of $107.54 and a 12-month high of $133.88. The firm has a market cap of $221.48 billion, a PE ratio of 31.21, a PEG ratio of 2.00 and a beta of 1.13.
Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.05. Chevron had a return on equity of 8.19% and a net margin of 8.79%. The business had revenue of $43.99 billion for the quarter, compared to analyst estimates of $47.17 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. Research analysts anticipate that Chevron will post 8.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, November 15th. Chevron’s dividend payout ratio (DPR) is presently 121.08%.
In other news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $116.00, for a total transaction of $551,000.00. Following the transaction, the insider now owns 4,750 shares of the company’s stock, valued at $551,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 23,750 shares of company stock worth $2,821,833 in the last ninety days. 0.38% of the stock is currently owned by insiders.
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Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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