Equities research analysts expect Chevron Co. (NYSE:CVX) to report $1.92 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Chevron’s earnings. The highest EPS estimate is $2.44 and the lowest is $1.63. Chevron posted earnings of $2.11 per share during the same quarter last year, which would indicate a negative year over year growth rate of 9%. The firm is scheduled to issue its next earnings results on Friday, November 1st.

On average, analysts expect that Chevron will report full year earnings of $6.91 per share for the current year, with EPS estimates ranging from $5.96 to $7.94. For the next financial year, analysts anticipate that the business will report earnings of $8.77 per share, with EPS estimates ranging from $6.61 to $16.44. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Chevron.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.53. The firm had revenue of $38.85 billion for the quarter, compared to analyst estimates of $40.14 billion. Chevron had a return on equity of 9.58% and a net margin of 9.18%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 EPS.

A number of research analysts recently weighed in on the company. BMO Capital Markets assumed coverage on Chevron in a report on Tuesday. They set an “outperform” rating and a $165.00 target price on the stock. Zacks Investment Research lowered Chevron from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Barclays assumed coverage on Chevron in a report on Monday. They set an “overweight” rating and a $145.00 target price on the stock. Citigroup assumed coverage on Chevron in a report on Monday, May 13th. They set a “buy” rating and a $135.00 target price on the stock. Finally, Morgan Stanley decreased their target price on Chevron from $146.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $136.78.

Shares of CVX stock traded up $1.72 during trading on Friday, reaching $117.85. 238,472 shares of the company’s stock were exchanged, compared to its average volume of 6,095,443. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $219.86 billion, a PE ratio of 14.29, a PEG ratio of 2.79 and a beta of 1.00. Chevron has a twelve month low of $100.22 and a twelve month high of $127.60. The firm’s fifty day moving average price is $122.50 and its 200-day moving average price is $121.41.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be paid a $1.19 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.76 annualized dividend and a yield of 4.04%. Chevron’s dividend payout ratio (DPR) is presently 57.70%.

In other news, Chairman Michael K. Wirth sold 33,750 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $125.60, for a total value of $4,239,000.00. Following the transaction, the chairman now owns 33,750 shares in the company, valued at $4,239,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Debra L. Reed bought 4,250 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $118.14 per share, for a total transaction of $502,095.00. The disclosure for this purchase can be found here. Insiders sold a total of 51,750 shares of company stock valued at $6,448,700 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CVX. Murphy Middleton Hinkle & Parker Inc. lifted its stake in Chevron by 0.6% in the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 14,149 shares of the oil and gas company’s stock worth $1,761,000 after purchasing an additional 84 shares during the last quarter. Arlington Financial Advisors LLC grew its holdings in Chevron by 0.4% in the second quarter. Arlington Financial Advisors LLC now owns 20,221 shares of the oil and gas company’s stock worth $2,516,000 after purchasing an additional 85 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC lifted its stake in shares of Chevron by 1.7% during the second quarter. Landsberg Bennett & Dubbaneh LLC now owns 5,051 shares of the oil and gas company’s stock worth $631,000 after buying an additional 86 shares during the period. JNBA Financial Advisors lifted its stake in shares of Chevron by 1.6% during the second quarter. JNBA Financial Advisors now owns 5,604 shares of the oil and gas company’s stock worth $697,000 after buying an additional 86 shares during the period. Finally, Taylor Cottrill Erickson & Associates Inc. lifted its position in Chevron by 0.5% during the fourth quarter. Taylor Cottrill Erickson & Associates Inc. now owns 18,079 shares of the oil and gas company’s stock valued at $1,967,000 after purchasing an additional 90 shares during the period. Institutional investors own 66.45% of the company’s stock.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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.

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Earnings History and Estimates for Chevron (NYSE:CVX)

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