News articles about Chevron (NYSE:CVX) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Chevron earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.3782494325376 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Chevron May Explore Crude Wells in Brazil’s Frade Field (finance.yahoo.com)
- ETFs with exposure to Chevron Corp. : December 15, 2017 (finance.yahoo.com)
- Chevron Corp (NYSE:CVX) Announces Exploratory Budget For 2018 (financialstrend.com)
- BRIEF-Gtt Signs New Global Services Agreement With Chevron Transport Corporation Ltd (CVX) (markets.businessinsider.com)
- Chevron Corp. :CVX-US: Earnings Analysis: Q3, 2017 By the Numbers : December 14, 2017 (finance.yahoo.com)
CVX has been the topic of a number of analyst reports. Morgan Stanley increased their price target on shares of Chevron from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Barclays increased their price target on shares of Chevron from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies set a $119.00 price target on shares of Chevron and gave the company a “buy” rating in a research report on Friday, August 25th. Scotiabank reiterated a “buy” rating on shares of Chevron in a research report on Friday, September 15th. Finally, Jefferies Group set a $130.00 price target on shares of Chevron and gave the company a “buy” rating in a research report on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. Chevron presently has a consensus rating of “Hold” and an average target price of $121.22.
Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. The company had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. equities research analysts forecast that Chevron will post 4.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.61%. Chevron’s dividend payout ratio is currently 125.95%.
In other news, Vice Chairman Michael K. Wirth sold 1,229 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the transaction, the insider now directly owns 1,229 shares of the company’s stock, valued at approximately $145,022. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP R. Hewitt Pate sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at $3,060,000. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock valued at $36,540,822 over the last ninety days. Company insiders own 0.38% of the company’s stock.
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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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