Chevron (CVX) Earns News Sentiment Score of 1.29
Headlines about Chevron (NYSE:CVX) have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Chevron earned a daily sentiment score of 1.29 on their scale. InfoTrie also gave media headlines about the oil and gas company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Chevron’s score:
- Correction: Chevron-Ecuador-Lawyer story (marketbeat.com)
- Chevron Announces First Oil From Big Foot Project in the Deepwater Gulf of Mexico (finance.yahoo.com)
- Bearish Chevron Options Premiums Spike as Oil Sinks (schaeffersresearch.com)
- Reuters: Chevron granted waiver from U.S. biofuel laws at Utah plant (seekingalpha.com)
- Exclusive: Chevron granted waiver from U.S. biofuel laws at Utah plant – source (finance.yahoo.com)
Shares of NYSE CVX opened at $117.57 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. Chevron has a fifty-two week low of $107.54 and a fifty-two week high of $133.88. The stock has a market cap of $221.84 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.02 and a beta of 1.12.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, November 15th. Chevron’s dividend payout ratio (DPR) is presently 121.08%.
Several equities analysts have recently issued reports on CVX shares. Wells Fargo & Co decreased their price objective on Chevron from $160.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. ValuEngine cut Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Monday, October 1st. Redburn Partners cut Chevron from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $130.00 to $115.00 in a research note on Wednesday, October 3rd. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Chevron in a research note on Tuesday, October 23rd. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $138.13.
In other news, insider James William Johnson sold 4,750 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $116.00, for a total transaction of $551,000.00. Following the sale, the insider now owns 4,750 shares of the company’s stock, valued at approximately $551,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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