Chevron Co. (CVX) Expected to Announce Earnings of $1.52 Per Share
Equities research analysts forecast that Chevron Co. (NYSE:CVX) will report earnings of $1.52 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Chevron’s earnings. The lowest EPS estimate is $1.44 and the highest is $1.58. Chevron reported earnings of $1.41 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.8%. The company is expected to report its next quarterly earnings report on Friday, April 27th.
On average, analysts expect that Chevron will report full-year earnings of $6.37 per share for the current year, with EPS estimates ranging from $5.22 to $7.58. For the next year, analysts expect that the business will post earnings of $6.36 per share, with EPS estimates ranging from $5.20 to $7.03. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Chevron.
Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The company had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. During the same quarter in the prior year, the company posted $0.22 EPS. Chevron’s revenue for the quarter was up 19.4% on a year-over-year basis.
Shares of Chevron (NYSE CVX) traded down $1.15 during midday trading on Friday, hitting $115.31. 2,924,718 shares of the stock traded hands, compared to its average volume of 7,371,282. Chevron has a 52-week low of $102.55 and a 52-week high of $133.88. The firm has a market capitalization of $220,600.00, a price-to-earnings ratio of 30.52, a P/E/G ratio of 2.29 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 0.22.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were given a dividend of $1.12 per share. This is an increase from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Thursday, February 15th. Chevron’s dividend payout ratio is currently 118.52%.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Chevron by 2.9% in 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 purchasing an additional 3,920,240 shares in the last quarter. BlackRock Inc. raised its position in shares of Chevron by 1.9% during the 4th quarter. BlackRock Inc. now owns 128,530,034 shares of the oil and gas company’s stock valued at $16,090,676,000 after buying an additional 2,356,734 shares in the last quarter. Capital World Investors raised its position in shares of Chevron by 9.8% during the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock valued at $3,708,603,000 after buying an additional 3,182,250 shares in the last quarter. Northern Trust Corp raised its position in shares of Chevron by 0.6% during the 2nd quarter. Northern Trust Corp now owns 26,153,161 shares of the oil and gas company’s stock valued at $2,728,558,000 after buying an additional 157,021 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Chevron by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 19,836,151 shares of the oil and gas company’s stock valued at $2,478,038,000 after buying an additional 655,892 shares in the last quarter. 65.04% of the stock is owned by hedge funds and other institutional investors.
Chevron 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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