News coverage about Chevron Corporation (NYSE:CVX) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chevron Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.4831389357489 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- ThoughtSpot CEO: Big data a human scale problem (finance.yahoo.com)
- ThoughtSpot CEO: Big data is not a visualization problem,… (finance.yahoo.com)
- Chevron Has More Gains in the Tank (finance.yahoo.com)
- Chevron upgraded at Macquarie on strong free cash flow outlook (seekingalpha.com)
- This Just In: Chevron Stock Upgraded (fool.com)
Chevron Corporation (CVX) traded up 0.07% on Tuesday, hitting $120.22. The stock had a trading volume of 4,844,293 shares. The stock has a market cap of $227.82 billion, a price-to-earnings ratio of 38.98 and a beta of 1.24. The stock’s 50 day moving average is $114.83 and its 200 day moving average is $108.32. Chevron Corporation has a one year low of $99.87 and a one year high of $120.74.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same quarter in the prior year, the company posted ($0.78) EPS. The firm’s revenue was up 17.8% on a year-over-year basis. Analysts anticipate that Chevron Corporation will post $4.07 earnings per share for the current year.
A number of research firms have issued reports on CVX. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Jefferies Group LLC set a $135.00 target price on shares of Chevron Corporation and gave the company a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BNP Paribas raised shares of Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 target price for the company in a report on Monday, August 7th. Finally, TheStreet lowered shares of Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Chevron Corporation has an average rating of “Buy” and an average price target of $118.80.
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In related news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total value of $3,431,080.00. Following the transaction, the insider now directly owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The disclosure for this sale can be found here. Insiders have sold a total of 72,312 shares of company stock valued at $8,008,343 in the last three months. 0.38% of the stock is owned by insiders.
About Chevron Corporation
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.
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