Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Chevron Corporation (CVX) Stock Price
Media headlines about Chevron Corporation (NYSE:CVX) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chevron Corporation earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.7552459097061 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Zacks: Analysts Anticipate Chevron Corporation (CVX) to Announce $0.85 EPS (americanbankingnews.com)
- Short Sellers Run for Cover From Major Oil – 24/7 Wall St. (247wallst.com)
- US STOCKS-Wall Street hits record high – without help from Apple (finance.yahoo.com)
- 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)
A number of research firms have recently issued reports on CVX. UBS AG set a $105.00 price objective on shares of Chevron Corporation and gave the company a “neutral” rating in a research note on Wednesday, September 6th. Jefferies Group LLC set a $130.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $119.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. Credit Suisse Group set a $123.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada set a $100.00 price objective on shares of Chevron Corporation and gave the company a “sell” rating in a research note on Friday, August 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $116.40.
Chevron Corporation (NYSE CVX) traded up 1.50% on Wednesday, hitting $114.18. 5,883,848 shares of the company’s stock were exchanged. The company has a market cap of $216.37 billion, a PE ratio of 37.02 and a beta of 1.23. The company’s 50-day moving average price is $108.67 and its 200-day moving average price is $107.07. Chevron Corporation has a 12-month low of $97.53 and a 12-month high of $119.00.
Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $32.77 billion. During the same quarter in the prior year, the business posted ($0.78) EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts forecast that Chevron Corporation will post $3.86 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were given a $1.08 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.78%. Chevron Corporation’s dividend payout ratio (DPR) is 140.26%.
In related news, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total value of $248,262.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Patricia E. Yarrington sold 39,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,312 shares of company stock valued at $8,008,343. 0.38% of the stock is owned by insiders.
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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