Chevron Co. Expected to Post Q1 2018 Earnings of $1.54 Per Share (CVX)

Chevron Co. (NYSE:CVX) – Stock analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Chevron in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Gammel expects that the oil and gas company will post earnings of $1.54 per share for the quarter. Jefferies Group has a “Buy” rating and a $140.00 price objective on the stock. Jefferies Group also issued estimates for Chevron’s Q2 2018 earnings at $1.76 EPS, Q3 2018 earnings at $1.80 EPS, Q4 2018 earnings at $1.64 EPS, FY2018 earnings at $6.74 EPS, FY2019 earnings at $7.03 EPS and FY2020 earnings at $8.64 EPS.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.54). Chevron had a return on equity of 5.23% and a net margin of 6.49%. The business had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. During the same quarter in the previous year, the business posted $0.22 earnings per share. The company’s revenue was up 19.4% compared to the same quarter last year.

CVX has been the subject of a number of other reports. Royal Bank of Canada upgraded Chevron from an “underperform” rating to a “sector perform” rating and set a $100.00 price objective for the company in a research report on Friday. Morgan Stanley raised their price objective on Chevron from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Vetr lowered Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective for the company. in a research report on Thursday, January 11th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research report on Friday, November 17th. Finally, TheStreet upgraded Chevron from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $129.16.

Shares of Chevron (NYSE CVX) opened at $113.10 on Wednesday. Chevron has a 1 year low of $102.55 and a 1 year high of $133.88. The company has a market capitalization of $215,460.00, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.96%. Chevron’s dividend payout ratio (DPR) is 89.26%.

In other news, CFO Patricia E. Yarrington sold 116,857 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $115.29, for a total transaction of $13,472,443.53. Following the completion of the sale, the chief financial officer now directly owns 39,506 shares of the company’s stock, valued at approximately $4,554,646.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pierre R. Breber sold 23,250 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $116.85, for a total value of $2,716,762.50. The disclosure for this sale can be found here. Insiders have sold a total of 287,271 shares of company stock valued at $33,335,800 over the last ninety days. Company insiders own 0.38% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Shine Investment Advisory Services Inc. bought a new position in Chevron in the 2nd quarter worth approximately $106,000. Winfield Associates Inc. increased its position in Chevron by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after buying an additional 63 shares during the period. Acrospire Investment Management LLC increased its position in Chevron by 133.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 800 shares during the period. Accurate Investment Solutions Inc. increased its position in Chevron by 59.1% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after buying an additional 502 shares during the period. Finally, Fusion Family Wealth LLC increased its position in Chevron by 192.6% in the 4th quarter. Fusion Family Wealth LLC now owns 1,273 shares of the oil and gas company’s stock worth $159,000 after buying an additional 838 shares during the period. 64.06% of the stock is currently owned by institutional investors and hedge funds.

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About Chevron

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.

Earnings History and Estimates for Chevron (NYSE:CVX)

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