Chevron (NYSE:CVX – Get Free Report) issued its earnings results on Friday. The oil and gas company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.38), RTT News reports. The firm had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.08 EPS.
Chevron Trading Down 2.6 %
NYSE:CVX traded down $3.89 on Monday, reaching $144.66. The company’s stock had a trading volume of 12,893,430 shares, compared to its average volume of 7,894,527. The firm has a market cap of $266.60 billion, a PE ratio of 13.23, a PEG ratio of 2.45 and a beta of 1.10. The business’s 50-day moving average price is $156.37 and its two-hundred day moving average price is $156.09. Chevron has a 1-year low of $139.62 and a 1-year high of $171.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 1.23.
Chevron Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be given a $1.63 dividend. The ex-dividend date is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.51%. Chevron’s payout ratio is 59.98%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on CVX
Insider Buying and Selling
In related news, VP Jeff B. Gustavson sold 3,750 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the sale, the vice president now owns 477 shares of the company’s stock, valued at $76,429.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $165.24, for a total transaction of $421,196.76. Following the completion of the transaction, the director now directly owns 27,725 shares of the company’s stock, valued at approximately $4,581,279. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeff B. Gustavson sold 3,750 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the sale, the vice president now owns 477 shares in the company, valued at approximately $76,429.71. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
About Chevron
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
Featured Stories
- Five stocks we like better than Chevron
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- From Tokyo to Wall Street: Japan’s Market Impact on U.S. Stocks
- Pros And Cons Of Monthly Dividend Stocks
- Arm Holdings: Does the 42% Drop Signal an AI Buying Opportunity?
- How to Effectively Use the MarketBeat Ratings Screener
- Texas Roadhouse Stampedes On EPS Beat as Comp Sales Surge 9.3%
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.