Chevron (CVX) Earns News Impact Rating of 0.13
News stories about Chevron (NYSE:CVX) have trended somewhat positive this week, according to Alpha One Sentiment. Alpha One, a unit of Accern, scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chevron earned a media sentiment score of 0.13 on Alpha One’s scale. Alpha One also assigned media stories about the oil and gas company an impact score of 83 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected AlphaOne Sentiment’s scoring:
- Oil Prices Slide on EIA Supply Data: Today’s Research Reports on Chevron and Exxon Mobil (finance.yahoo.com)
- Have Institutional Holdings in CVX Soared Pre-Earnings? (finance.yahoo.com)
- The Bullish Case For Energy Stocks (finance.yahoo.com)
- Exxon vs. Chevron – Who Has A Better Capital Structure? – Nasdaq (nasdaq.com)
- Exxon Vs. Chevron – Battle Of The U.S. Oil Giants (seekingalpha.com)
Shares of Chevron (NYSE:CVX) traded up 0.62% during trading on Thursday, hitting $104.88. The stock had a trading volume of 4,988,080 shares. The company’s market cap is $198.55 billion. The stock’s 50 day moving average is $108.50 and its 200-day moving average is $110.24. Chevron has a 12-month low of $97.53 and a 12-month high of $119.00.
Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 27th. The oil and gas company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.42. The company had revenue of $31.50 billion for the quarter, compared to analyst estimates of $35.24 billion. Chevron had a positive return on equity of 1.26% and a negative net margin of 0.43%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.31) EPS. Analysts forecast that Chevron will post $4.53 earnings per share for the current year.
A number of analysts have recently commented on the company. TheStreet upgraded Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday, December 21st. Bank of America Corp upgraded Chevron from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 4th. Vetr cut Chevron from a “sell” rating to a “strong sell” rating and set a $100.98 price objective for the company. in a research report on Tuesday, January 3rd. Jefferies Group LLC restated a “buy” rating on shares of Chevron in a research report on Wednesday, January 18th. Finally, HSBC Holdings plc cut Chevron from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $120.15.
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In other Chevron news, insider Pierre R. Breber sold 45,000 shares of the business’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.80, for a total transaction of $5,031,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.
Chevron Company Profile
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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