Chevron Corporation (CVX) Getting Somewhat Positive Media Coverage, Accern Reports
Press coverage about Chevron Corporation (NYSE:CVX) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chevron Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 45.9589678626819 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- 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)
CVX has been the subject of several research analyst reports. TheStreet upgraded shares of Chevron Corporation from a “c” rating to a “b” rating in a research report on Tuesday, May 2nd. 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 research report on Wednesday, June 21st. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company downgraded shares of Chevron Corporation to an “outperform” rating and reduced their price target for the stock from $124.00 to $102.00 in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $116.80.
Chevron Corporation (NYSE:CVX) traded up 0.53% during mid-day trading on Friday, hitting $106.48. 5,467,369 shares of the stock traded hands. Chevron Corporation has a 12-month low of $97.53 and a 12-month high of $119.00. The company has a market cap of $201.78 billion, a price-to-earnings ratio of 34.53 and a beta of 1.23. The firm’s 50-day moving average is $106.43 and its 200-day moving average is $107.47.
Chevron Corporation (NYSE:CVX) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $34.48 billion during the quarter, compared to analyst estimates of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.78) earnings per share. Equities research analysts expect that Chevron Corporation will post $3.81 EPS for the current year.
The company 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 presently 140.26%.
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 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 available 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 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 $4,866,018. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,312 shares of company stock valued at $8,008,343. 0.38% of the stock is owned by insiders.
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About Chevron Corporation
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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