News stories about Chevron (NYSE:CVX) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chevron earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.3515716869979 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Bull of the Day: Chevron (CVX) (zacks.com)
- Bull of the Day: Cheveron (CVX) (finance.yahoo.com)
- Chevron’s 4Q17 Estimates: Leads the List Compared to BP, Shell, and XOM (finance.yahoo.com)
- Chevron, Intel Dominate DJIA Thursday (247wallst.com)
- Caterpillar (CAT) and Chevron (CVX): This Week’s Growth and Income Stocks (msn.com)
Chevron (NYSE CVX) opened at $133.60 on Friday. Chevron has a 52 week low of $102.55 and a 52 week high of $133.85. The stock has a market capitalization of $253,760.00, a P/E ratio of 38.95, a P/E/G ratio of 2.96 and a beta of 1.21. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23.
Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Chevron’s revenue was up 20.1% compared to the same quarter last year. analysts expect that Chevron will post 4.35 EPS for the current year.
A number of brokerages have issued reports on CVX. Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective on the stock. in a research report on Thursday. BMO Capital Markets raised Chevron from a “market perform” rating to an “outperform” rating and upped their target price for the company from $120.00 to $140.00 in a research note on Thursday. Bank of America cut Chevron from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Wednesday, December 27th. Finally, Scotiabank reaffirmed a “buy” rating and set a $130.00 target price on shares of Chevron in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. Chevron currently has a consensus rating of “Hold” and a consensus price target of $126.06.
In other Chevron news, Vice Chairman Michael K. Wirth sold 1,229 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the sale, the insider now owns 1,229 shares of the company’s stock, valued at approximately $145,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction on 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 sale, the vice president now directly owns 25,500 shares in the company, valued at approximately $3,060,000. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock worth $36,540,822 in the last ninety days. Insiders own 0.38% of the company’s stock.
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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