News articles about Chevron (NYSE:CVX) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chevron earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 44.4595515586559 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
Shares of Chevron stock opened at $114.76 on Friday. Chevron has a fifty-two week low of $102.55 and a fifty-two week high of $133.88. The firm has a market cap of $219,220.64, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 2.26 and a beta of 1.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 1.03.
Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). Chevron had a return on equity of 5.22% and a net margin of 6.49%. The business had revenue of $37.62 billion for the quarter, compared to analysts’ expectations of $38.43 billion. During the same period in the prior year, the company earned $0.22 EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. analysts expect that Chevron will post 6.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.08. Chevron’s dividend payout ratio is currently 121.08%.
A number of research firms recently weighed in 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. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Wednesday, December 27th. BNP Paribas upgraded Chevron from an “underperform” rating to a “neutral” rating in a report on Friday, February 23rd. Finally, DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $129.79.
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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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