Equities analysts expect Chevron Corporation (NYSE:CVX) to report sales of $32.90 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Chevron Corporation’s earnings. The highest sales estimate is $34.36 billion and the lowest is $30.49 billion. Chevron Corporation posted sales of $30.14 billion in the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The business is expected to issue its next quarterly earnings report on Friday, October 27th.

According to Zacks, analysts expect that Chevron Corporation will report full-year sales of $32.90 billion for the current fiscal year, with estimates ranging from $122.72 billion to $140.68 billion. For the next year, analysts expect that the firm will post sales of $140.04 billion per share, with estimates ranging from $125.37 billion to $167.26 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Chevron Corporation.

Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The business had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same period last year, the company earned ($0.78) earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year.

Several equities analysts recently issued reports on CVX shares. UBS AG set a $105.00 target price on Chevron Corporation and gave the stock a “neutral” rating in a research note on Wednesday, September 6th. Zacks Investment Research lowered Chevron Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group set a $123.00 target price on Chevron Corporation and gave the stock a “buy” rating in a research note on Friday, August 25th. Jefferies Group LLC set a $130.00 target price on Chevron Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Finally, BidaskClub lowered Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $116.40.

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In related news, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider James William Johnson sold 31,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total value of $3,431,080.00. Following the transaction, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,312 shares of company stock worth $8,008,343. Company insiders own 0.38% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CVX. Harbour Capital Advisors LLC grew its stake in Chevron Corporation by 10,213.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock worth $54,721,000 after buying an additional 5,653,686 shares during the last quarter. Vanguard Group Inc. grew its stake in Chevron Corporation by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock worth $14,567,210,000 after buying an additional 3,920,240 shares during the last quarter. Capital World Investors grew its stake in Chevron Corporation by 9.8% during the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock worth $3,708,603,000 after buying an additional 3,182,250 shares during the last quarter. Janus Henderson Group PLC grew its stake in Chevron Corporation by 669.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,230,554 shares of the oil and gas company’s stock worth $337,050,000 after buying an additional 2,810,928 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Chevron Corporation by 1.6% during the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock worth $13,007,759,000 after buying an additional 1,975,865 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Shares of Chevron Corporation (NYSE CVX) traded up 0.49% during trading on Friday, hitting $115.19. The stock had a trading volume of 4,954,613 shares. The company’s 50 day moving average price is $109.46 and its 200 day moving average price is $107.20. Chevron Corporation has a 12 month low of $97.53 and a 12 month high of $119.00. The stock has a market cap of $218.29 billion, a price-to-earnings ratio of 37.35 and a beta of 1.23.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were issued a $1.08 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.75%. Chevron Corporation’s payout ratio is currently 140.26%.

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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Earnings History and Estimates for Chevron Corporation (NYSE:CVX)

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