Chevron (CVX) Scheduled to Post Earnings on Friday

Chevron (NYSE:CVXGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Friday, January 27th. Analysts expect Chevron to post earnings of $4.16 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings results on Friday, October 28th. The oil and gas company reported $5.56 earnings per share for the quarter, topping analysts’ consensus estimates of $5.02 by $0.54. Chevron had a net margin of 14.36% and a return on equity of 22.36%. The firm had revenue of $66.64 billion for the quarter, compared to the consensus estimate of $61.44 billion. During the same quarter in the previous year, the company earned $2.96 earnings per share. The business’s revenue was up 49.1% compared to the same quarter last year. On average, analysts expect Chevron to post $19 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Chevron Stock Up 0.1 %

CVX opened at $180.83 on Wednesday. Chevron has a fifty-two week low of $125.27 and a fifty-two week high of $189.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.40 and a quick ratio of 1.15. The firm’s fifty day moving average price is $177.39 and its two-hundred day moving average price is $166.01. The company has a market capitalization of $349.66 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.81 and a beta of 1.18.

Insider Buying and Selling

In related news, Director Alice P. Gast sold 2,706 shares of Chevron stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $179.44, for a total value of $485,564.64. Following the completion of the sale, the director now directly owns 21,964 shares in the company, valued at $3,941,220.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Michael K. Wirth sold 55,380 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $185.09, for a total transaction of $10,250,284.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alice P. Gast sold 2,706 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $179.44, for a total value of $485,564.64. Following the transaction, the director now owns 21,964 shares of the company’s stock, valued at $3,941,220.16. The disclosure for this sale can be found here. Insiders sold a total of 293,563 shares of company stock worth $53,186,421 over the last three months. 0.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chevron

Institutional investors have recently modified their holdings of the stock. Graham Capital Management L.P. acquired a new position in shares of Chevron in the 1st quarter valued at approximately $674,000. Achmea Investment Management B.V. grew its position in shares of Chevron by 32.1% in the 1st quarter. Achmea Investment Management B.V. now owns 3,649 shares of the oil and gas company’s stock valued at $594,000 after purchasing an additional 887 shares during the period. Aspire Capital Advisors LLC acquired a new position in shares of Chevron in the 1st quarter valued at approximately $546,000. Client 1ST Advisory Group LLC grew its position in shares of Chevron by 82.2% in the 1st quarter. Client 1ST Advisory Group LLC now owns 3,304 shares of the oil and gas company’s stock valued at $538,000 after purchasing an additional 1,491 shares during the period. Finally, Signet Financial Management LLC grew its position in shares of Chevron by 17.6% in the 1st quarter. Signet Financial Management LLC now owns 2,749 shares of the oil and gas company’s stock valued at $448,000 after purchasing an additional 412 shares during the period. 69.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CVX shares. Mizuho cut Chevron from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $185.00 to $200.00 in a report on Tuesday, January 10th. Barclays lifted their price objective on Chevron from $196.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Bank of America cut Chevron from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $190.00 to $191.00 in a report on Friday, January 6th. Cowen lifted their price objective on Chevron from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Finally, HSBC lifted their price objective on Chevron to $187.00 in a report on Friday, December 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $186.71.

About Chevron

(Get Rating)

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.

See Also

Earnings History for Chevron (NYSE:CVX)

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