Chevron Corporation (CVX) Given Daily Media Sentiment Rating of 0.09
Media headlines about Chevron Corporation (NYSE:CVX) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group scores the sentiment of media 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 one, with scores closest to one being the most favorable. Chevron Corporation earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.0812860250992 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Is Chevron’s job-cutting ‘transformation’ evidence of an industry death spiral in California? Not necessarily (bakersfield.com)
- Chevron pauses oil drilling in Iraqi Kurdistan (marketwatch.com)
- Chevron Temporarily Suspending Operations in Iraqi Kurdistan (wsj.com)
- What Analysts Expect from Chevron’s 3Q17 Results (finance.yahoo.com)
- How Will Chevron’s Segments Perform in 3Q17? (finance.yahoo.com)
Shares of Chevron Corporation (NYSE:CVX) opened at 118.20 on Friday. The firm has a 50 day moving average of $115.93 and a 200 day moving average of $108.64. Chevron Corporation has a 52 week low of $99.87 and a 52 week high of $120.00. The firm has a market cap of $223.99 billion, a price-to-earnings ratio of 38.33 and a beta of 1.24.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings results 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 firm had revenue of $34.48 billion for 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 for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.78) earnings per share. Equities analysts predict that Chevron Corporation will post $4.08 earnings per share for the current fiscal year.
CVX has been the subject of a number of analyst reports. BMO Capital Markets set a $130.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. BidaskClub cut shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Jefferies Group LLC set a $135.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. Scotiabank reaffirmed a “buy” rating and set a $113.00 price target on shares of Chevron Corporation in a research report on Friday, June 30th. Finally, Royal Bank Of Canada cut shares of Chevron Corporation from a “sector perform” rating to an “underperform” rating and reduced their price target for the stock from $112.00 to $100.00 in a research report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $119.66.
In other Chevron Corporation news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the transaction, the vice president now directly owns 25,500 shares in the company, valued at $3,060,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 43,838 shares in the company, valued at $4,866,018. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,812 shares of company stock worth $11,068,343. Company insiders own 0.38% of the company’s stock.
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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