News coverage about Chevron (NYSE:CVX) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chevron earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.3220008522006 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Valeo Financial Advisors LLC Takes $1.52 Million Position in Chevron Co. (CVX) (americanbankingnews.com)
- Chevron Director Questions Future of Oil Industry in Tweet (finance.yahoo.com)
- Is the World Heading Toward an Acute LNG Supply Shortage? (finance.yahoo.com)
- Chevron board member’s tweet questions oil industry’s future (finance.yahoo.com)
- UPDATE 2-Chevron board member’s tweet questions oil industry’s future (feeds.reuters.com)
A number of equities analysts recently issued reports on the company. Bank of America raised Chevron from a “neutral” rating to a “buy” rating and raised their price target for the stock from $113.61 to $138.00 in a report on Wednesday. They noted that the move was a valuation call. Vetr lowered Chevron from a “strong-buy” rating to a “buy” rating and set a $122.05 price target on the stock. in a report on Monday. BNP Paribas raised Chevron from an “underperform” rating to a “neutral” rating in a report on Friday, February 23rd. Royal Bank of Canada raised Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 price target on the stock in a report on Friday, February 9th. Finally, Barclays raised Chevron from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $130.00 to $135.00 in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. Chevron currently has a consensus rating of “Buy” and a consensus price target of $130.28.
Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The company had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. During the same quarter in the previous year, the business posted $0.22 earnings per share. Chevron’s revenue was up 19.4% on a year-over-year basis. equities analysts predict that Chevron will post 6.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.00%. This is an increase from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, February 15th. Chevron’s dividend payout ratio (DPR) is presently 118.52%.
In other news, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the completion of the sale, the insider now directly owns 42,182 shares in the company, valued at approximately $5,019,658. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
Chevron Company Profile
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.
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.