News headlines about Chevron (NYSE:CVX) have been trending somewhat positive on Friday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Chevron earned a media sentiment score of 1.33 on their scale. InfoTrie also gave media headlines about the oil and gas company an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Chevron’s ranking:
- Suncor Stock Rose 2.2% in the Past Month, Underperformed SPY (finance.yahoo.com)
- Amazon has a cost-cutting plan for the boom-and-bust oil business, as rival tech giants target energy industry (finance.yahoo.com)
- Chevron ramps up output at Gulf of Mexico facilities after pipeline system restarted (finance.yahoo.com)
- YieldBoost CVX To 7.6% Using Options (nasdaq.com)
- Chevron CEO: If Ocasio-Cortez’s Green New Deal leads to an ‘honest’ dialogue that’s a good conversation to have (finance.yahoo.com)
NYSE:CVX opened at $124.60 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 0.18. The stock has a market cap of $236.88 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. Chevron has a 52 week low of $100.22 and a 52 week high of $131.08.
Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.08. The business had revenue of $42.35 billion for the quarter, compared to analysts’ expectations of $41.46 billion. Chevron had a return on equity of 9.78% and a net margin of 8.91%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $1.64 earnings per share. As a group, analysts predict that Chevron will post 6.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 15th were given a dividend of $1.19 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 3.82%. Chevron’s dividend payout ratio (DPR) is presently 57.70%.
CVX has been the topic of a number of recent research reports. Tudor Pickering initiated coverage on Chevron in a report on Friday, March 1st. They issued a “buy” rating and a $133.00 target price on the stock. Credit Suisse Group set a $135.00 target price on Chevron and gave the stock a “buy” rating in a report on Saturday, February 2nd. Raymond James set a $135.00 target price on Chevron and gave the stock a “buy” rating in a report on Thursday, December 20th. Societe Generale decreased their target price on Chevron from $150.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th. Finally, UBS Group raised Chevron from a “neutral” rating to a “buy” rating and set a $112.95 target price on the stock in a report on Friday, January 18th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $134.18.
In other news, insider James William Johnson sold 4,750 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $112.20, for a total transaction of $532,950.00. Following the completion of the transaction, the insider now owns 4,750 shares in the company, valued at $532,950. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeanette L. Ourada sold 7,200 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $116.50, for a total value of $838,800.00. Following the transaction, the insider now owns 7,200 shares of the company’s stock, valued at approximately $838,800. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.
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.
See Also: Current Ratio
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