Chevron (CVX) to Release Earnings on Friday

Chevron (NYSE:CVX - Get Free Report) is expected to issue its Q4 24 quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $2.42 per share and revenue of $47.40 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a net margin of 8.44% and a return on equity of 13.15%. During the same quarter in the prior year, the business posted $3.45 EPS. On average, analysts expect Chevron to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Chevron Stock Performance

Shares of Chevron stock traded down $7.11 during trading hours on Friday, reaching $149.21. The company's stock had a trading volume of 16,725,506 shares, compared to its average volume of 6,860,612. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. Chevron has a one year low of $135.37 and a one year high of $167.11. The company's 50 day simple moving average is $153.19 and its 200 day simple moving average is $151.14. The stock has a market cap of $268.14 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $1.71 dividend. This is an increase from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, February 14th. Chevron's payout ratio is presently 71.65%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CVX shares. Wells Fargo & Company raised their price target on Chevron from $171.00 to $188.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Bank of America initiated coverage on shares of Chevron in a report on Thursday, October 17th. They set a "buy" rating and a $168.00 price target for the company. Raymond James increased their price objective on shares of Chevron from $175.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Scotiabank reduced their target price on shares of Chevron from $180.00 to $163.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Finally, Truist Financial raised their price target on shares of Chevron from $160.00 to $164.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $175.27.

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the sale, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

About Chevron

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.