Chevron (CVX) Receiving Neutral Press Coverage, Study Shows

Media coverage about Chevron (NYSE:CVX) has trended neutral recently, according to InfoTrie. The research group scores the sentiment of press coverage by analyzing more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Chevron earned a coverage optimism score of 0.33 on their scale. InfoTrie also assigned press coverage about the oil and gas company an news buzz score of 1 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Chevron’s analysis:

Shares of NYSE CVX opened at $114.65 on Friday. The firm has a market capitalization of $215.94 billion, a P/E ratio of 30.99, a P/E/G ratio of 4.96 and a beta of 1.09. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Chevron has a one year low of $100.22 and a one year high of $131.08.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $2.11 EPS for the quarter, topping the consensus estimate of $2.06 by $0.05. The company had revenue of $43.99 billion during the quarter, compared to analyst estimates of $47.17 billion. Chevron had a net margin of 8.79% and a return on equity of 8.19%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities research analysts expect that Chevron will post 7.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Friday, February 15th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.12. Chevron’s payout ratio is presently 121.08%.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Co cut their target price on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, November 5th. Bank of America reaffirmed a “neutral” rating and set a $140.00 target price (up from $135.00) on shares of Chevron in a report on Monday, November 5th. Credit Suisse Group set a $138.00 target price on shares of Chevron and gave the company a “buy” rating in a report on Saturday, December 8th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Chevron in a report on Tuesday, October 23rd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $130.00 price target on shares of Chevron in a report on Monday, January 7th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chevron currently has an average rating of “Buy” and an average target price of $132.90.

In other Chevron news, insider James William Johnson sold 9,500 shares of Chevron stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $118.59, for a total transaction of $1,126,605.00. Following the sale, the insider now owns 9,500 shares of the company’s stock, valued at approximately $1,126,605. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 19,000 shares of company stock worth $2,233,925. 0.46% of the stock is currently owned by corporate insiders.

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About Chevron

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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