News stories about Chevron Corporation (NYSE:CVX) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chevron Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.6753953115147 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Chevron Trying to Bankrupt U.S. Human Rights Lawyer Who Helped Indigenous Groups Win Historic Judgment In Ecuador (csrwire.com)
- Investment Centers of America Inc. Purchases 1537 Shares of Chevron Corporation (CVX) (techkenyot.com)
- US Market Indexes Mostly Lower Friday With Losses for the Week (finance.yahoo.com)
- Angola LNG agrees sales deal with RWE Supply & Trading (finance.yahoo.com)
- Chevron Corporation (CVX) Position Increased by Kayne Anderson Rudnick Investment Management LLC (vothemes.com)
Chevron Corporation (CVX) traded up 1.60% during trading on Wednesday, hitting $114.29. 4,126,928 shares of the stock traded hands. Chevron Corporation has a 52-week low of $97.53 and a 52-week high of $119.00. The company has a market cap of $216.58 billion, a P/E ratio of 37.06 and a beta of 1.23. The firm has a 50-day moving average price of $108.67 and a 200 day moving average price of $107.07.
Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same quarter in the previous year, the company posted ($0.78) earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. On average, equities analysts expect that Chevron Corporation will post $3.86 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Wednesday, August 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.
A number of analysts have recently weighed in on CVX shares. Macquarie downgraded shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price target for the company. in a report on Wednesday, June 21st. Piper Jaffray Companies reiterated a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. BidaskClub cut shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Wells Fargo & Company cut shares of Chevron Corporation to an “outperform” rating and decreased their price target for the company from $124.00 to $102.00 in a research report on Monday, July 17th. Finally, Vetr upgraded shares of Chevron Corporation to a “strong-buy” rating and set a $117.49 price target for the company in a research report on Thursday, June 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $116.40.
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In related news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total value of $4,329,000.00. Following the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at $4,866,018. The disclosure for this sale can be found here. Insiders sold 72,312 shares of company stock valued at $8,008,343 over the last 90 days. Company insiders own 0.38% of the company’s stock.
Chevron Corporation 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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