News stories about Chevron Corporation (NYSE:CVX) have been trending somewhat positive this week, AlphaOne reports. The research firm, a division of Accern, rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chevron Corporation earned a news sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also gave news coverage about the oil and gas company an impact score of 81 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne Sentiment’s rankings:
- Numbers in Review for Crown Castle International Corp (CCI) (eleganthomesinla.com)
- Arvest Bank Trust Division Has $16.21 Million Stake in Chevron Corporation (CVX) (badhub.net)
- Is Chevron Corporation (CVX) Finding Support or Hitting Resistance? (ekosvoice.com)
- Investors Must See: Chevron Corporation (CVX) (footballhebdo.com)
- TNB Financial Acquires Shares of 13977 Chevron Corporation (CVX) (hoyentv.com)
Chevron Corporation (CVX) traded up 1.90% during trading on Friday, reaching $108.35. 11,633,919 shares of the company traded hands. The firm has a market capitalization of $205.28 billion, a price-to-earnings ratio of 70.31 and a beta of 1.25. The firm’s 50 day moving average price is $105.59 and its 200 day moving average price is $110.50. Chevron Corporation has a 12-month low of $97.53 and a 12-month high of $119.00.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.56. The business had revenue of $33.42 billion for the quarter, compared to analyst estimates of $34.05 billion. Chevron Corporation had a net margin of 2.34% and a return on equity of 3.58%. The company’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.39) EPS. Equities research analysts expect that Chevron Corporation will post $4.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Friday, May 19th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Wednesday, May 17th. Chevron Corporation’s dividend payout ratio (DPR) is presently 282.35%.
A number of research firms have recently weighed in on CVX. Vetr upgraded shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 price target for the company in a research report on Thursday. BidaskClub raised shares of Chevron Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday. HSBC Holdings plc raised shares of Chevron Corporation from a “hold” rating to a “buy” rating and decreased their price objective for the company from $124.00 to $119.00 in a research note on Monday, June 5th. They noted that the move was a valuation call. ValuEngine raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Exane BNP Paribas cut shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $105.00 to $100.00 in a research note on Friday, May 26th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Chevron Corporation has an average rating of “Hold” and a consensus target price of $119.41.
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Chevron Corporation 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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