Chevron Co. (NYSE:CVX) – Stock analysts at Piper Jaffray issued their Q1 2018 earnings per share (EPS) estimates for shares of Chevron in a report issued on Sunday, April 22nd. Piper Jaffray analyst G. Baber forecasts that the oil and gas company will post earnings per share of $1.55 for the quarter. Piper Jaffray has a “Buy” rating and a $140.00 price target on the stock. Piper Jaffray also issued estimates for Chevron’s Q2 2018 earnings at $1.66 EPS, Q3 2018 earnings at $1.79 EPS, Q4 2018 earnings at $1.59 EPS, Q1 2019 earnings at $1.62 EPS, Q2 2019 earnings at $1.79 EPS, Q3 2019 earnings at $1.77 EPS, Q4 2019 earnings at $1.58 EPS and Q1 2020 earnings at $1.49 EPS.
Chevron (NYSE:CVX) last released 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 5.22%. The firm had revenue of $37.62 billion during the quarter, compared to analyst estimates of $38.43 billion. During the same period in the previous year, the company earned $0.22 earnings per share. Chevron’s revenue was up 19.4% on a year-over-year basis.
Several other research firms also recently issued reports on CVX. Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $134.35 target price on the stock. in a research report on Thursday, January 11th. HSBC downgraded Chevron from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Morgan Stanley upped their target price on Chevron from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Zacks Investment Research downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $130.00 target price (up from $123.00) on shares of Chevron in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $131.02.
NYSE CVX opened at $122.72 on Wednesday. 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 has a 1 year low of $102.55 and a 1 year high of $133.88. The firm has a market capitalization of $236,069.08, a P/E ratio of 33.17, a PEG ratio of 2.41 and a beta of 1.16.
Several hedge funds have recently bought and sold shares of CVX. Pathstone Family Office LLC raised its position in shares of Chevron by 2.5% during the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after purchasing an additional 20 shares during the last quarter. Earnest Partners LLC acquired a new position in shares of Chevron during the 4th quarter worth about $114,000. Virtue Capital Management LLC acquired a new position in shares of Chevron during the 4th quarter worth about $128,000. Fusion Family Wealth LLC raised its position in shares of Chevron by 192.6% during the 4th quarter. Fusion Family Wealth LLC now owns 1,273 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 838 shares during the last quarter. Finally, Accurate Investment Solutions Inc. raised its position in shares of Chevron by 59.1% during the 3rd 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 last quarter. 64.98% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $121.97, for a total transaction of $3,110,235.00. Following the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,110,235. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Friday, May 18th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.65%. Chevron’s payout ratio is currently 121.08%.
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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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