Chevron Corporation (CVX) Given Daily Media Impact Score of 0.23
News stories about Chevron Corporation (NYSE:CVX) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news 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 0.23 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 45.6610348658087 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- SR Schill & Associates Decreases Position in Chevron Corporation (CVX) (techkenyot.com)
- Chevron Corporation (CVX) Stake Increased by Skandinaviska Enskilda Banken AB publ (vothemes.com)
- Australia puts multinationals on notice after Chevron drops tax appeal – Reuters (reuters.com)
- Chevron enters Mexican fuel market via local partnership – Seeking Alpha (seekingalpha.com)
Chevron Corporation (NYSE:CVX) traded up 0.53% during trading on Friday, reaching $106.48. The company’s stock had a trading volume of 5,467,369 shares. The company has a 50 day moving average price of $106.43 and a 200-day moving average price of $107.47. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00. The company has a market capitalization of $201.78 billion, a PE ratio of 34.53 and a beta of 1.23.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The business had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.78) earnings per share. Equities research analysts anticipate that Chevron Corporation will post $3.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 18th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is currently 140.26%.
A number of research firms have recently commented on CVX. Royal Bank Of Canada restated a “sell” rating and issued a $100.00 price objective on shares of Chevron Corporation in a research report on Friday. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Jefferies Group LLC set a $135.00 price objective on Chevron Corporation and gave the company a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, TheStreet cut Chevron Corporation from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $116.80.
In other news, CFO Patricia E. Yarrington sold 39,000 shares of Chevron Corporation stock in a transaction 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 completion of the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at $4,866,018. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linnet F. Deily sold 2,312 shares of Chevron Corporation 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 72,312 shares of company stock valued at $8,008,343. 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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