Media stories about Chevron (NYSE:CVX) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chevron earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.9634621568873 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
Several research firms have issued reports on CVX. Vetr cut Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target on the stock. in a report on Thursday, January 11th. Credit Suisse Group began coverage on Chevron in a report on Monday, December 11th. They issued a “neutral” rating and a $123.00 price target on the stock. TheStreet raised Chevron from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Chevron in a report on Thursday, October 19th. They noted that the move was a valuation call. Finally, BMO Capital Markets cut Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a report on Wednesday, October 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $130.30.
Shares of Chevron (NYSE:CVX) traded up $0.48 during trading hours on Monday, reaching $113.98. 8,360,000 shares of the company’s stock traded hands, compared to its average volume of 7,450,000. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. Chevron has a 52 week low of $102.55 and a 52 week high of $133.88. The firm has a market cap of $216,490.00, a P/E ratio of 23.55, a P/E/G ratio of 2.23 and a beta of 1.15.
Chevron (NYSE:CVX) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.23%. The firm had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. During the same period last year, the firm earned $0.22 earnings per share. Chevron’s revenue for the quarter was up 19.4% compared to the same quarter last year. analysts expect that Chevron will post 6.36 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.93%. Chevron’s dividend payout ratio is 89.26%.
In other news, CFO Patricia E. Yarrington sold 116,857 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total value of $13,472,443.53. Following the transaction, the chief financial officer now directly owns 39,506 shares of the company’s stock, valued at $4,554,646.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pierre R. Breber sold 23,250 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the completion of the transaction, the insider now directly owns 42,182 shares in the company, valued at $5,019,658. The disclosure for this sale can be found here. Insiders sold 264,021 shares of company stock worth $30,619,037 over the last ninety days. 0.38% of the stock is currently owned by company insiders.
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Chevron Company Profile
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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