Chevron (NYSE:CVX) Getting Somewhat Positive News Coverage, Analysis Shows

News coverage about Chevron (NYSE:CVX) has been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Chevron earned a media sentiment score of 1.67 on their scale. InfoTrie also assigned media coverage about the oil and gas company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Chevron’s score:

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Monday, April 29th. Morgan Stanley set a $146.00 price target on Chevron and gave the company a “buy” rating in a research note on Monday, June 24th. Cowen reiterated a “buy” rating and set a $142.00 price target on shares of Chevron in a research note on Wednesday, April 17th. Barclays lifted their price target on Chevron from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Citigroup boosted their target price on Chevron from $135.00 to $142.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Chevron currently has an average rating of “Buy” and an average price target of $135.26.

Shares of NYSE:CVX traded up $1.33 during mid-day trading on Friday, reaching $124.44. The company had a trading volume of 7,043,229 shares, compared to its average volume of 5,631,186. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $234.49 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 3.52 and a beta of 0.98. The company has a 50-day simple moving average of $120.59. Chevron has a one year low of $100.22 and a one year high of $128.55.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.13. The company had revenue of $35.20 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 EPS. On average, equities analysts expect that Chevron will post 7.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a $1.19 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 3.83%. Chevron’s dividend payout ratio (DPR) is presently 57.70%.

In other news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $125.60, for a total value of $596,600.00. Following the transaction, the insider now owns 4,750 shares of the company’s stock, valued at $596,600. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Michael K. Wirth sold 33,750 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $125.60, for a total transaction of $4,239,000.00. Following the completion of the transaction, the chairman now directly owns 33,750 shares in the company, valued at approximately $4,239,000. The disclosure for this sale can be found here. Insiders have sold a total of 44,800 shares of company stock worth $5,604,221 in the last three months. Insiders own 0.31% of the company’s stock.

Chevron Company Profile

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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