Analysts Anticipate Chevron Co. (CVX) to Announce $1.47 Earnings Per Share

Wall Street brokerages expect that Chevron Co. (NYSE:CVX) will post $1.47 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Chevron’s earnings, with the lowest EPS estimate coming in at $1.41 and the highest estimate coming in at $1.53. Chevron posted earnings of $1.41 per share in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is scheduled to issue its next quarterly earnings report before the market opens on Friday, April 27th.

According to Zacks, analysts expect that Chevron will report full year earnings of $6.43 per share for the current fiscal year, with EPS estimates ranging from $5.72 to $7.58. For the next financial year, analysts forecast that the business will report earnings of $6.49 per share, with EPS estimates ranging from $5.05 to $8.34. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Chevron.

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Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.54). The firm had revenue of $37.62 billion during the quarter, compared to analyst estimates of $38.43 billion. Chevron had a net margin of 6.49% and a return on equity of 5.22%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share.

CVX has been the topic of several research analyst reports. Goldman Sachs lowered shares of Chevron from a “conviction-buy” rating to a “buy” rating in a research report on Monday, February 5th. Credit Suisse Group decreased their target price on shares of Chevron from $129.00 to $123.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 7th. Vetr upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $117.38 target price on the stock in a research report on Tuesday, April 3rd. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, ValuEngine upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. Chevron presently has a consensus rating of “Buy” and a consensus price target of $131.64.

In related news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $121.97, for a total value of $3,110,235.00. Following the sale, the vice president now directly owns 25,500 shares in the company, valued at approximately $3,110,235. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. increased its stake in shares of Chevron by 8.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 14,572 shares of the oil and gas company’s stock valued at $1,824,000 after acquiring an additional 1,077 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of Chevron by 3.7% during the 4th quarter. Bogart Wealth LLC now owns 15,316 shares of the oil and gas company’s stock valued at $1,917,000 after acquiring an additional 542 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Chevron by 24.7% during the 2nd quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock valued at $68,894,000 after acquiring an additional 130,990 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Chevron by 2.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,453,505 shares of the oil and gas company’s stock valued at $1,058,082,000 after acquiring an additional 234,920 shares during the last quarter. Finally, Berkshire Asset Management LLC PA increased its stake in shares of Chevron by 42.7% during the 4th quarter. Berkshire Asset Management LLC PA now owns 25,234 shares of the oil and gas company’s stock valued at $3,159,000 after acquiring an additional 7,550 shares during the last quarter. Institutional investors own 64.97% of the company’s stock.

Shares of NYSE CVX traded down $1.40 during trading on Friday, hitting $122.31. 7,561,221 shares of the company were exchanged, compared to its average volume of 6,281,514. The firm has a market capitalization of $236,317.41, a P/E ratio of 33.06, a PEG ratio of 2.41 and a beta of 1.16. Chevron has a 1 year low of $102.55 and a 1 year high of $133.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 1.03.

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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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Earnings History and Estimates for Chevron (NYSE:CVX)

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