News articles about Chevron (NYSE:CVX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chevron earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.4910447432561 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Police foils bombing of Chevron flow-station in Delta (dailytrust.com.ng)
- Chevron’s Salt Lake City ops affected by power surge -fire official (kitco.com)
- How Wall Street Analysts Rate These 7 Integrated Energy Firms (finance.yahoo.com)
- Chevron Corp (CVX) Shareholder Kepos Capital LP Has Upped Its Holding by $3.77 Million as Market Valuation … (styleonfleek365.com)
- Barclays Boosts Chevron (CVX) Price Target to $130.00 (americanbankingnews.com)
Shares of CVX stock traded up $1.22 during midday trading on Monday, hitting $115.98. 6,933,829 shares of the company were exchanged, compared to its average volume of 7,235,642. The company has a market capitalization of $219,220.64, a price-to-earnings ratio of 31.35, a PEG ratio of 2.26 and a beta of 1.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 1.03. Chevron has a 52 week low of $102.55 and a 52 week high of $133.88.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Friday, February 16th were issued a dividend of $1.12 per share. This is an increase from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.48 annualized dividend and a dividend yield of 3.86%. Chevron’s payout ratio is presently 121.08%.
Several brokerages have issued reports on CVX. Royal Bank of Canada upgraded shares of Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 price target on the stock in a research note on Friday, February 9th. Morgan Stanley lifted their price target on shares of Chevron from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Vetr downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective for the company. in a research report on Thursday, January 11th. Zacks Investment Research downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $129.79.
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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.
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