Chevron Co. (NYSE: CVX) – Truist Securiti increased its estimate of third quarter 2021 earnings per share (EPS) for Chevron in a report released on Thursday, October 7. Truist Securiti analyst N. Dingmann now expects the oil and gas company to post earnings per share of $ 1.93 for the quarter, up from its previous estimate of $ 1.81 . Truist Securiti also released estimates for Chevron second quarter 2022 earnings at $ 2.00 per share, third quarter 2022 earnings at $ 1.93 per share, fourth quarter 2022 earnings at $ 1.58 per share. share and earnings for fiscal 2022 at $ 7.75 per share. Chevron (NYSE: CVX) last released its results on Thursday, July 29. The oil and gas company reported EPS of $ 1.71 for the quarter, beating the consensus estimate of $ 1.59 by $ 0.12. Chevron had a net margin of 3.01% and a return on equity of 3.89%. The company posted revenue of $ 37.60 billion for the quarter, compared to analysts’ estimates of $ 35.98 billion. During the same period last year, the company earned EPS ($ 1.59). The company’s quarterly revenue is up 169.5% from the same quarter last year.
Several other equity research analysts have also published reports on the stock. BMO Capital Markets launched a hedge on Chevron shares in a report released on Monday, July 12. They set an “outperformance” rating and a target price of $ 123.00 for the stock. DZ Bank downgraded Chevron’s stock from a “buy” rating to a “keep” rating and set a target price of $ 110.00 on the stock. in a report on Wednesday August 4. Wells Fargo & Company lowered its price target for Chevron stock from $ 110.00 to $ 107.00 and set a “par value” on the stock in a report released on Wednesday, September 15. Morgan Stanley raised its price target for Chevron shares from $ 127.00 to $ 149.00 and assigned the company an “overweight” rating in a report released on Friday, June 18. Finally, HSBC downgraded Chevron’s shares from a “buy” rating to a “hold” rating and lowered its price target for the company from $ 127.00 to $ 112.00 in a report released on Thursday, July 22. . Eleven analysts have assigned a conservation rating to the stock and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $ 119.00.
Chevron shares opened at $ 108.05 on Monday. The company has a market cap of $ 208.96 billion, a PE ratio of 57.78, a price / earnings-growth ratio of 2.85 and a beta of 1.32. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt ratio of 0.30. The company’s 50-day moving average is $ 99.63 and its 200-day moving average is $ 102.91. Chevron has a one-year low at $ 65.16 and a one-year high at $ 113.11.
The company also recently announced a quarterly dividend, which was paid on Friday, September 10. Investors of record on Thursday August 19 received a dividend of $ 1.34 per share. The ex-dividend date of this dividend was Wednesday August 18. This represents a dividend of $ 5.36 on an annualized basis and a dividend yield of 4.96%. Chevron’s payout ratio is currently -2,680.00%.
Several institutional investors have recently increased or reduced their holdings in the stock. Vigilant Capital Management LLC increased its stake in Chevron by 7.6% during the 3rd quarter. Vigilant Capital Management LLC now owns 2,114 shares of the oil and gas company valued at $ 214,000 after purchasing an additional 150 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its stake in Chevron by 2.5% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 10,561 shares of the oil and gas company valued at $ 1,071,000 after purchasing an additional 261 shares in the last quarter. Oak Harvest Investment Services increased its stake in Chevron by 42.5% during the 3rd quarter. Oak Harvest Investment Services now owns 6,596 shares of the oil and gas company valued at $ 669,000 after purchasing an additional 1,966 shares in the last quarter. Engrave Wealth Partners LLC increased its stake in Chevron by 9.8% during the 3rd quarter. Engrave Wealth Partners LLC now owns 69,339 shares of the oil and gas company valued at $ 7,034,000 after purchasing an additional 6,183 shares in the last quarter. Finally, FDx Advisors Inc. increased its stake in Chevron by 7.8% during the 3rd quarter. FDx Advisors Inc. now owns 116,321 shares of the oil and gas company valued at $ 11,801,000 after purchasing an additional 8,460 shares in the last quarter. Institutional investors hold 65.78% of the shares of the company.
Chevron Company Profile
Chevron Corp. provides administrative, financial and technological assistance for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment includes the exploration, development and production of crude oil and natural gas; liquefaction, transport and regasification associated with liquefied natural gas; transportation of crude oil through major international oil export pipelines; processing, transport, storage and marketing of natural gas; and a gas-to-liquids plant.
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