News headlines about Chevron Corporation (NYSE:CVX) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chevron Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.9252772628672 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- US oil industry pushes back on sanctions against Venezuela (marketbeat.com)
- $32.90 Billion in Sales Expected for Chevron Corporation (NYSE:CVX) This Quarter (americanbankingnews.com)
- Granite Investment Partners LLC Sells 4700 Shares of Chevron Corporation (NYSE:CVX) (overnewsmagazine.com)
- Chevron Corp. – Value Analysis (NYSE:CVX) : August 8, 2017 (finance.yahoo.com)
- US oil producers reassured by Kazakhstan on key projects - Seeking Alpha (seekingalpha.com)
Chevron Corporation (CVX) traded up 0.49% during midday trading on Wednesday, hitting $110.89. 3,966,818 shares of the company traded hands. The firm has a market capitalization of $210.09 billion, a PE ratio of 35.96 and a beta of 1.23. Chevron Corporation has a 12-month low of $97.53 and a 12-month high of $119.00. The stock’s 50-day moving average is $105.46 and its 200-day moving average is $107.95.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $32.77 billion. During the same quarter in the prior year, the company posted ($0.78) earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. Analysts anticipate that Chevron Corporation will post $3.80 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 18th will be given a dividend of $1.08 per share. The ex-dividend date is Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.90%. Chevron Corporation’s payout ratio is currently 140.26%.
Several analysts have recently weighed in on CVX shares. TheStreet upgraded Chevron Corporation from a “c” rating to a “b” rating in a research note on Tuesday, May 2nd. Macquarie downgraded Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 target price for the company. in a research note on Wednesday, June 21st. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. BidaskClub downgraded Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Vetr raised Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price target on the stock in a report on Friday, April 14th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $116.22.
In other Chevron Corporation news, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at $4,866,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James William Johnson sold 31,000 shares of Chevron Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the sale, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
About Chevron Corporation
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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