Somewhat Positive Media Coverage Somewhat Unlikely to Affect Chevron Corporation (CVX) Share Price
News headlines about Chevron Corporation (NYSE:CVX) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog 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 Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 45.0499031124748 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Chevron Corporation (CVX) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Chevron Corporation (CVX) CFO Patricia E. Yarrington Sells 13,143 Shares (americanbankingnews.com)
- Chevron (CVX) Looking For New All-Time Highs (talkmarkets.com)
- Chevron: Red Flags For Dividend (seekingalpha.com)
- Chevron Corp. breached its 50 day moving average in a Bearish Manner : CVX-US : November 16, 2017 (finance.yahoo.com)
CVX has been the topic of several recent research reports. BidaskClub lowered Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. BMO Capital Markets set a $120.00 target price on Chevron Corporation and gave the company a “buy” rating in a report on Sunday, July 30th. TheStreet lowered Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Scotiabank set a $115.00 target price on Chevron Corporation and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $120.54.
Chevron Corporation (NYSE:CVX) traded up $0.14 during midday trading on Friday, reaching $114.71. The company’s stock had a trading volume of 4,328,766 shares, compared to its average volume of 5,652,860. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $217,877.17, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 3.83 and a beta of 1.22. Chevron Corporation has a 12 month low of $102.55 and a 12 month high of $120.89.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. equities analysts expect that Chevron Corporation will post 4.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s payout ratio is 125.95%.
In other Chevron Corporation news, VP R. Hewitt Pate sold 25,500 shares of Chevron Corporation stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at $3,060,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of Chevron Corporation stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total value of $145,022.00. Following the sale, the insider now directly owns 1,229 shares in the company, valued at $145,022. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 41,000 shares of company stock worth $5,420 and have sold 63,122 shares worth $7,433,361. 0.38% of the stock is currently owned by insiders.
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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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