Chevron (CVX) Scheduled to Post Earnings on Thursday

Chevron (NYSE:CVX) is set to release its earnings data before the market opens on Thursday, January 25th.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The firm had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, analysts expect Chevron to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Chevron (CVX) opened at $132.36 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. Chevron has a 12 month low of $102.55 and a 12 month high of $133.88. The company has a market cap of $251,400.00, a price-to-earnings ratio of 38.59, a PEG ratio of 2.95 and a beta of 1.21.

In related news, CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the transaction, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at $2,067,994.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now directly owns 1,229 shares in the company, valued at $145,022. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,500 shares of company stock worth $33,480,822. 0.38% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVX. Vanguard Group Inc. raised its holdings in Chevron by 2.9% during the second quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock worth $14,567,210,000 after buying an additional 3,920,240 shares during the last quarter. Capital World Investors raised its holdings in Chevron by 9.8% during the second quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock worth $3,708,603,000 after buying an additional 3,182,250 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Chevron by 669.9% during the second quarter. Janus Henderson Group PLC now owns 3,230,554 shares of the oil and gas company’s stock worth $337,050,000 after buying an additional 2,810,928 shares during the last quarter. BlackRock Inc. raised its holdings in Chevron by 1.6% during the second quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock worth $13,007,759,000 after buying an additional 1,975,865 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Chevron by 40.4% during the second quarter. Principal Financial Group Inc. now owns 5,412,567 shares of the oil and gas company’s stock worth $564,693,000 after buying an additional 1,556,270 shares during the last quarter. Hedge funds and other institutional investors own 63.84% of the company’s stock.

CVX has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on shares of Chevron from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Citigroup upped their price objective on shares of Chevron from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of Chevron from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Wolfe Research raised shares of Chevron from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. Finally, Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $124.92 price objective on the stock. in a research note on Monday, October 16th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. Chevron currently has an average rating of “Hold” and a consensus price target of $126.06.

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About Chevron

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.

Earnings History for Chevron (NYSE:CVX)

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