Equities analysts predict that Chevron Co. (NYSE:CVX) will post earnings of $1.87 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Chevron’s earnings. The highest EPS estimate is $2.19 and the lowest is $1.64. Chevron posted earnings per share of $0.91 during the same quarter last year, which suggests a positive year over year growth rate of 105.5%. The business is scheduled to report its next earnings report on Friday, July 27th.
On average, analysts expect that Chevron will report full year earnings of $7.44 per share for the current year, with EPS estimates ranging from $6.56 to $8.55. For the next year, analysts expect that the business will report earnings of $7.52 per share, with EPS estimates ranging from $6.05 to $8.58. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Chevron.
Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, April 27th. The oil and gas company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.45. Chevron had a return on equity of 5.83% and a net margin of 6.95%. The business had revenue of $37.76 billion during the quarter, compared to analysts’ expectations of $40.34 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year.
A number of equities research analysts recently commented on CVX shares. Goldman Sachs cut Chevron from a “conviction-buy” rating to a “buy” rating in a research note on Monday, February 5th. Barclays lifted their price objective on Chevron from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, April 30th. Credit Suisse Group decreased their price objective on Chevron from $129.00 to $123.00 and set a “neutral” rating for the company in a research note on Wednesday, March 7th. Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $117.38 price objective for the company in a research note on Tuesday, April 3rd. Finally, ValuEngine upgraded Chevron from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $131.92.
Shares of Chevron opened at $127.86 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.21. Chevron has a 12 month low of $102.55 and a 12 month high of $133.88. The firm has a market cap of $244.24 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.46 and a beta of 1.14.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Friday, May 18th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.50%. Chevron’s dividend payout ratio (DPR) is 121.08%.
In other news, EVP Pierre R. Breber sold 25,000 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $130.41, for a total value of $3,260,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph C. Geagea sold 12,000 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $129.00, for a total value of $1,548,000.00. Following the completion of the sale, the executive vice president now owns 13,233 shares in the company, valued at $1,707,057. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 377,000 shares of company stock worth $48,519,200. Corporate insiders own 0.46% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Alleghany Corp DE bought a new stake in Chevron during the fourth quarter worth about $430,653,000. First Eagle Investment Management LLC raised its holdings in Chevron by 305,886.4% during the third quarter. First Eagle Investment Management LLC now owns 2,613,124 shares of the oil and gas company’s stock worth $307,042,000 after acquiring an additional 2,612,270 shares in the last quarter. BlackRock Inc. raised its holdings in Chevron by 1.9% during the fourth quarter. BlackRock Inc. now owns 128,530,034 shares of the oil and gas company’s stock worth $16,090,676,000 after acquiring an additional 2,356,734 shares in the last quarter. Stifel Financial Corp raised its holdings in Chevron by 7,575.9% during the third quarter. Stifel Financial Corp now owns 1,920,517 shares of the oil and gas company’s stock worth $225,853,000 after acquiring an additional 1,895,497 shares in the last quarter. Finally, Boston Partners raised its holdings in Chevron by 26.4% during the third quarter. Boston Partners now owns 9,031,433 shares of the oil and gas company’s stock worth $1,061,193,000 after acquiring an additional 1,884,320 shares in the last quarter. Institutional investors own 64.42% of the company’s stock.
Chevron Company Profile
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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