Chevron (CVX) Getting Positive News Coverage, Analysis Finds

News articles about Chevron (NYSE:CVX) have trended positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Chevron earned a news impact score of 2.50 on their scale. InfoTrie also assigned media headlines about the oil and gas company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Chevron’s score:

NYSE:CVX opened at $118.71 on Monday. The company has a market cap of $226.11 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 2.58 and a beta of 1.00. Chevron has a twelve month low of $100.22 and a twelve month high of $128.55. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17.

Chevron (NYSE:CVX) last released its earnings results on Friday, April 26th. The oil and gas company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.13. The company had revenue of $35.20 billion for the quarter, compared to the consensus estimate of $38.42 billion. Chevron had a net margin of 8.45% and a return on equity of 9.07%. Chevron’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.90 EPS. On average, equities research analysts expect that Chevron will post 7.52 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, May 16th. Chevron’s dividend payout ratio is presently 57.70%.

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Chevron from $150.00 to $149.00 and set an “overweight” rating for the company in a report on Thursday, May 16th. Citigroup initiated coverage on shares of Chevron in a report on Monday, May 13th. They issued a “buy” rating and a $135.00 price target for the company. Bank of America raised shares of Chevron from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Friday, April 12th. Zacks Investment Research downgraded shares of Chevron from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Cowen reaffirmed a “buy” rating and issued a $142.00 price objective on shares of Chevron in a research report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $135.42.

In other Chevron news, Director Enrique Hernandez, Jr. sold 4,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $122.13, for a total transaction of $512,946.00. Following the sale, the director now owns 15,689 shares of the company’s stock, valued at approximately $1,916,097.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Enrique Hernandez, Jr. sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $121.75, for a total transaction of $255,675.00. Following the sale, the director now directly owns 15,689 shares in the company, valued at approximately $1,910,135.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,800 shares of company stock worth $1,958,211. 0.31% of the stock is owned by insiders.

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About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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