Press coverage about Chevron (NYSE:CVX) has been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news 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 news sentiment score of 1.43 on their scale. InfoTrie also assigned press coverage about the oil and gas company an news buzz score of 5 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Chevron’s score:
- Chevron Co. (CVX) Insider Sells $838,800.00 in Stock (americanbankingnews.com)
- Inventys closes US$5M investment from BDC as part of Series C Fundraising Round – Business Wire (businesswire.com)
- Earnings forecasts are very negative but here’s why it’s not all bad (finance.yahoo.com)
- Global Metallocene Polyethylene Market 2019: Report On Top Key Players The Dow Chemical Company, ExxonMobil, Chevron Phillips Chemical Company, LyondellBasell, Borealis, Tricon International, Ltd., Braskem And Others – Wise Awareness (wiseawareness.com)
- Chevron makes senior leadership appointments – Oil & Gas Journal (ogj.com)
A number of analysts recently issued reports on the company. Wells Fargo & Co dropped their price objective on Chevron from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. Credit Suisse Group set a $135.00 price objective on Chevron and gave the stock a “buy” rating in a report on Saturday, February 2nd. Bank of America reissued a “neutral” rating and set a $140.00 price objective (up previously from $135.00) on shares of Chevron in a report on Monday, November 5th. Piper Jaffray Companies reissued an “overweight” rating on shares of Chevron in a report on Tuesday, October 23rd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $130.00 price objective on shares of Chevron in a report on Monday, January 7th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chevron currently has a consensus rating of “Buy” and an average target price of $133.20.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.08. Chevron had a return on equity of 9.82% and a net margin of 8.91%. The firm had revenue of $42.35 billion for the quarter, compared to analysts’ expectations of $41.46 billion. During the same quarter last year, the firm posted $1.64 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. As a group, research analysts expect that Chevron will post 6.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 15th will be issued a $1.19 dividend. The ex-dividend date is Thursday, February 14th. This represents a $4.76 annualized dividend and a dividend yield of 4.00%. This is a boost from Chevron’s previous quarterly dividend of $1.12. Chevron’s dividend payout ratio (DPR) is presently 54.30%.
In other Chevron news, insider Jeanette L. Ourada sold 7,200 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $116.50, for a total value of $838,800.00. Following the sale, the insider now owns 7,200 shares of the company’s stock, valued at approximately $838,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James William Johnson sold 4,750 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $120.92, for a total value of $574,370.00. Following the completion of the sale, the executive vice president now directly owns 4,750 shares in the company, valued at approximately $574,370. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,200 shares of company stock worth $3,072,725. Insiders own 0.46% 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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