Media stories about Chevron (NYSE:CVX) have been trending neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Chevron earned a coverage optimism score of 0.33 on their scale. InfoTrie also assigned press coverage about the oil and gas company an news buzz score of 8 out of 10, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Chevron’s ranking:
- Chevron to stay the course in Venezuela, regional exec says (seekingalpha.com)
- WSJ: Chevron having second thoughts about staying in Venezuela (seekingalpha.com)
- Chevron to Stay in Venezuela for ‘Many Years’ Despite Crisis (finance.yahoo.com)
- Energy Journal: Judge Hits the Breaks on the Keystone Pipeline (finance.yahoo.com)
- [$$] Chevron, the Last U.S. Oil Major in Venezuela, Debates: Should It Stay? (finance.yahoo.com)
Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada set a $150.00 target price on shares of Chevron and gave the stock a “hold” rating in a research note on Thursday, September 20th. Berenberg Bank assumed coverage on shares of Chevron in a research note on Tuesday, September 11th. They set a “hold” rating and a $135.00 target price on the stock. Bank of America lowered shares of Chevron from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $150.00 to $135.00 in a research note on Thursday, September 6th. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research note on Monday, October 1st. Finally, Credit Suisse Group raised shares of Chevron from a “neutral” rating to an “outperform” rating and set a $138.00 target price on the stock in a research note on Monday, November 5th. Eight equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $138.13.
Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.05. The firm had revenue of $43.99 billion for the quarter, compared to analyst estimates of $47.17 billion. Chevron had a net margin of 8.79% and a return on equity of 8.24%. Chevron’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. On average, sell-side analysts predict that Chevron will post 8.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Thursday, November 15th. Chevron’s dividend payout ratio is presently 121.08%.
In related news, insider James William Johnson sold 4,750 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $116.00, for a total value of $551,000.00. Following the transaction, the insider now directly owns 4,750 shares of the company’s stock, valued at approximately $551,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.38% of the company’s stock.
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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