Equities analysts predict that Chevron Co. (NYSE:CVX) will report $1.48 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Chevron’s earnings, with the highest EPS estimate coming in at $1.54 and the lowest estimate coming in at $1.41. Chevron posted earnings of $1.41 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5%. The business is scheduled to announce its next earnings report before the market opens on Friday, April 27th.
According to Zacks, analysts expect that Chevron will report full-year earnings of $6.45 per share for the current financial year, with EPS estimates ranging from $5.72 to $7.58. For the next year, analysts expect that the firm will report earnings of $6.76 per share, with EPS estimates ranging from $5.05 to $8.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Chevron.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). Chevron had a return on equity of 5.22% and a net margin of 6.49%. The company had revenue of $37.62 billion for the quarter, compared to analysts’ expectations of $38.43 billion. During the same period in the prior year, the company posted $0.22 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year.
Several equities analysts recently commented on CVX shares. Goldman Sachs lowered Chevron from a “conviction-buy” rating to a “buy” rating in a report on Monday, February 5th. Credit Suisse Group dropped their target price on Chevron from $129.00 to $123.00 and set a “neutral” rating on the stock in a report on Wednesday, March 7th. Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $117.38 target price on the stock in a report on Tuesday, April 3rd. HSBC lowered Chevron from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, ValuEngine raised Chevron from a “hold” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the stock. Chevron has an average rating of “Buy” and an average target price of $131.29.
Institutional investors and hedge funds have recently made changes to their positions in the company. Earnest Partners LLC acquired a new stake in Chevron in the fourth quarter valued at about $114,000. Virtue Capital Management LLC acquired a new stake in Chevron in the fourth quarter valued at about $128,000. Acrospire Investment Management LLC increased its holdings in Chevron by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 800 shares in the last quarter. Accurate Investment Solutions Inc. increased its holdings in Chevron by 59.1% in the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 502 shares in the last quarter. Finally, Fusion Family Wealth LLC increased its holdings in Chevron by 192.6% in the fourth quarter. Fusion Family Wealth LLC now owns 1,273 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 838 shares in the last quarter. Institutional investors and hedge funds own 64.97% of the company’s stock.
NYSE:CVX traded down $0.12 during trading hours on Friday, hitting $123.70. The company’s stock had a trading volume of 5,188,057 shares, compared to its average volume of 7,090,807. The firm has a market capitalization of $232,019.33, a PE ratio of 33.43, a price-to-earnings-growth ratio of 2.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83. Chevron has a 52-week low of $102.55 and a 52-week high of $133.88.
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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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