Chevron (CVX) Set to Announce Earnings on Friday

Chevron (NYSE:CVXGet Rating) will release its earnings data before the market opens on Friday, January 27th. Analysts expect Chevron to post earnings of $4.16 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

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

Chevron Trading Up 0.1 %

Shares of Chevron stock opened at $180.83 on Wednesday. The company’s fifty day simple moving average is $177.39 and its 200-day simple moving average is $166.01. The company has a market cap of $349.66 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.81 and a beta of 1.18. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.13. Chevron has a 1 year low of $125.27 and a 1 year high of $189.68.

Wall Street Analyst Weigh In

CVX has been the topic of several research analyst reports. Bank of America downgraded shares of Chevron from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $190.00 to $191.00 in a research note on Friday, January 6th. Barclays lifted their price target on shares of Chevron from $196.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. StockNews.com assumed coverage on shares of Chevron in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company lifted their price target on shares of Chevron from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th. Finally, Mizuho downgraded shares of Chevron from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $185.00 to $200.00 in a research note on Tuesday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $186.71.

Insider Activity at Chevron

In related news, EVP James William Johnson sold 143,466 shares of Chevron stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $179.30, for a total value of $25,723,453.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP R. Hewitt Pate sold 32,391 shares of Chevron stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $180.00, for a total value of $5,830,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James William Johnson sold 143,466 shares of Chevron stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $179.30, for a total value of $25,723,453.80. The disclosure for this sale can be found here. Insiders sold 293,563 shares of company stock valued at $53,186,421 over the last ninety days. 0.32% of the stock is owned by insiders.

Institutional Trading of Chevron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC increased its position in Chevron by 1.5% in the first quarter. Jaffetilchin Investment Partners LLC now owns 8,141 shares of the oil and gas company’s stock worth $1,341,000 after purchasing an additional 117 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Chevron by 0.7% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 21,470 shares of the oil and gas company’s stock worth $3,495,000 after purchasing an additional 148 shares during the period. Plancorp LLC grew its position in shares of Chevron by 2.2% during the 1st quarter. Plancorp LLC now owns 8,721 shares of the oil and gas company’s stock worth $1,420,000 after buying an additional 188 shares during the period. Fort Point Capital Partners LLC grew its position in shares of Chevron by 1.3% during the 1st quarter. Fort Point Capital Partners LLC now owns 16,894 shares of the oil and gas company’s stock worth $2,751,000 after buying an additional 222 shares during the period. Finally, Worth Asset Management LLC acquired a new position in shares of Chevron during the 1st quarter worth about $36,000. 69.37% of the stock is currently owned by institutional investors and hedge funds.

Chevron Company Profile

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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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