Chevron - CVX Stock Forecast, Price & News

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 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. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.

Chevron Trading Down 0.3 %

NYSE:CVX opened at $156.41 on Wednesday. The stock has a fifty day moving average price of $151.52 and a two-hundred day moving average price of $156.82. The stock has a market capitalization of $307.32 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.31. Chevron has a 1 year low of $92.86 and a 1 year high of $182.40.

Chevron (NYSE:CVX - Get Rating) last released its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $1.16. The firm had revenue of $68.76 billion during the quarter, compared to analysts' expectations of $57.69 billion. Chevron had a return on equity of 19.73% and a net margin of 13.45%. Chevron's revenue was up 82.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.71 earnings per share. As a group, sell-side analysts anticipate that Chevron will post 17.75 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 19th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, August 18th. Chevron's dividend payout ratio is currently 37.89%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CVX. HSBC raised Chevron from a "hold" rating to a "buy" rating and lowered their price target for the company from $183.00 to $167.00 in a report on Wednesday, July 20th. Bank of America increased their price objective on Chevron from $178.00 to $180.00 and gave the company a "buy" rating in a report on Monday, August 1st. Societe Generale raised Chevron from a "hold" rating to a "buy" rating in a report on Thursday, August 4th. Royal Bank of Canada downgraded Chevron from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from $160.00 to $165.00 in a report on Thursday, April 21st. Finally, Cowen increased their price objective on Chevron from $119.00 to $120.00 and gave the company an "outperform" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of "Moderate Buy" and a consensus target price of $169.00.

Insider Activity

In other news, VP R. Hewitt Pate sold 91,300 shares of the firm's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $172.34, for a total value of $15,734,642.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP R. Hewitt Pate sold 91,300 shares of the firm's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $172.34, for a total value of $15,734,642.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph C. Geagea sold 50,000 shares of the firm's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $173.70, for a total value of $8,685,000.00. Following the completion of the transaction, the executive vice president now owns 1,243 shares of the company's stock, valued at approximately $215,909.10. The disclosure for this sale can be found here. Insiders sold a total of 199,070 shares of company stock worth $34,022,033 over the last 90 days. 0.32% of the stock is currently owned by corporate insiders.