Chevron Corporation (NYSE:CVX) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Chevron Corporation in a report issued on Monday. Jefferies Group analyst J. Gammel anticipates that the oil and gas company will earn $1.32 per share for the quarter. Jefferies Group has a “Buy” rating and a $137.00 price target on the stock. Jefferies Group also issued estimates for Chevron Corporation’s Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.61 EPS, FY2018 earnings at $5.89 EPS, FY2019 earnings at $6.99 EPS and FY2020 earnings at $8.45 EPS.
Several other equities research analysts have also weighed in on CVX. Zacks Investment Research raised Chevron Corporation from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Tuesday. TheStreet raised Chevron Corporation from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Royal Bank Of Canada set a $100.00 price objective on Chevron Corporation and gave the stock a “sell” rating in a research note on Friday, October 27th. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. Finally, BidaskClub raised Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. Chevron Corporation presently has an average rating of “Hold” and an average price target of $120.45.
ILLEGAL ACTIVITY WARNING: “Chevron Corporation (CVX) Expected to Earn Q1 2018 Earnings of $1.32 Per Share” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.com-unik.info/2017/11/02/chevron-corporation-cvx-expected-to-earn-q1-2018-earnings-of-1-32-per-share.html. Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The company had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.73%. Chevron Corporation’s payout ratio is 125.95%.
In other news, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total transaction of $248,262.56. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Pathstone Family Office LLC raised its holdings in shares of Chevron Corporation by 2.5% in the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock valued at $2,170,000 after purchasing an additional 20 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in shares of Chevron Corporation in the 2nd quarter valued at about $106,000. Thompson Davis & CO. Inc. raised its holdings in shares of Chevron Corporation by 20.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 191 shares during the period. Winfield Associates Inc. raised its holdings in shares of Chevron Corporation by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 63 shares during the period. Finally, Accurate Investment Solutions Inc. raised its holdings in shares of Chevron Corporation by 59.1% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 502 shares during the period. 62.90% of the stock is currently owned by institutional investors.
Chevron Corporation 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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