Chevron (CVX) Set to Announce Quarterly Earnings on Friday

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Chevron (NYSE:CVX) is set to announce its earnings results before the market opens on Friday, November 2nd. Analysts expect the company to announce earnings of $2.28 per share for the quarter.

Chevron stock opened at $111.65 on Thursday. The firm has a market cap of $213.71 billion, a P/E ratio of 30.18, a PEG ratio of 1.91 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.87. Chevron has a one year low of $107.54 and a one year high of $133.88.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.01%. Chevron’s dividend payout ratio (DPR) is presently 121.08%.

A number of analysts recently commented on the company. Berenberg Bank assumed coverage on Chevron in a research report on Tuesday, September 11th. They set a “hold” rating and a $135.00 price objective for the company. Bank of America cut Chevron from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $150.00 to $135.00 in a research report on Thursday, September 6th. Barclays upped their price objective on Chevron from $145.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, July 11th. Goldman Sachs Group reiterated a “buy” rating and set a $141.00 price objective on shares of Chevron in a research report on Tuesday, July 31st. Finally, HSBC upgraded Chevron from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Nine analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Chevron currently has a consensus rating of “Buy” and an average target price of $137.65.

In other Chevron news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $119.97, for a total value of $569,857.50. Following the completion of the sale, the insider now owns 4,750 shares in the company, valued at $569,857.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CVX. HC Financial Advisors Inc. purchased a new stake in Chevron in the fourth quarter worth about $565,000. Cognios Capital LLC boosted its stake in shares of Chevron by 16.4% in the second quarter. Cognios Capital LLC now owns 9,521 shares of the oil and gas company’s stock worth $1,203,000 after acquiring an additional 1,344 shares during the period. Finally, FMR LLC boosted its stake in shares of Chevron by 3.5% in the second quarter. FMR LLC now owns 35,416,997 shares of the oil and gas company’s stock worth $4,477,771,000 after acquiring an additional 1,211,881 shares during the period. Institutional investors and hedge funds own 64.60% of the company’s stock.

About Chevron

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 for Chevron (NYSE:CVX)

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