Chevron Corporation (CVX) Announces Quarterly Earnings Results

Marco Green
October 28, 2017

Terril Brothers Inc. now owns 2,025 shares of the oil and gas company's stock worth $211,000 after acquiring an additional 104 shares in the last quarter. Chevy Chase Trust Holdings Inc. now owns 1,644,631 shares of the company's stock worth $172,407,000 after buying an additional 11,249 shares in the last quarter. The company has a market cap of $218.29 billion, a PE ratio of 37.35 and a beta of 1.24. Ibm Retirement Fund has 1% invested in Chevron Corporation (NYSE:CVX). It has underperformed by 25.78% the S&P500. The business's revenue for the quarter was up 20.1% compared to the same quarter past year. The portion of a company's profit allocated to each outstanding share of common stock was $3.08 a share in the trailing twelve months. WA now owns 1,985 shares of the oil and gas company's stock valued at $213,000 after purchasing an additional 160 shares during the last quarter. Centurylink Invest Mngmt owns 0.42% invested in Chevron Corporation (NYSE:CVX) for 12,031 shares. Next year this growth will reach 18.1% to attain $4.96. At current levels, shares have been seen trading -4.39% away from the 20-day moving average. Chevron Corporation (NYSE:CVX), at its latest closing price of $118.44, it has a price-to-book ratio of 0.00, compared to an industry average at 0.54. It has underperformed by 10.02% the S&P500.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.06, from 0.97 in 2017Q1. It turned negative, as 40 investors sold MBI shares while 50 reduced holdings. 92 funds opened positions while 651 raised stakes. Tru Of Vermont reported 103,278 shares.

Farmers & Merchants Investments Inc increased Vanguard Ftse Developed Markets Etf (VEA) stake by 102,930 shares to 1.07M valued at $44.30 million in 2017Q2. Moreover, Blackrock Inc. has 0% invested in the company for 531,761 shares.

Chevron Corporation (NYSE:CVX) stock is pricing at $113.32 after moving -2.31% thus far this session. Advisors Incorporated Ok owns 10,581 shares. Umb Bank N A Mo stated it has 278,850 shares. Capital Innovations Lc holds 1.52% or 3,815 shares in its portfolio. Chevron Corporation's PEG is 0.71. Granite Inv Prtnrs Ltd Liability Company reported 0.32% stake. Pittenger And Anderson has invested 0.21% in Chevron Corporation (NYSE:CVX). First Trust reported 1.36% stake. (NASDAQ:FANG) by 126,751 shares in the quarter, for a total of 262,701 shares, and has risen its stake in Mallinckrodt Plc (NYSE:MNK).

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 23 have Buy rating, 1 Sell and 10 Hold. Therefore 68% are positive. Piper Jaffray maintained the stock with "Buy" rating in Friday, October 13 report. The stock has "Sell" rating by RBC Capital Markets on Friday, August 18. Wells Fargo has "Hold" rating and $108.0 target. Morgan Stanley maintained it with "Overweight" rating and $130 target in Wednesday, October 18 report. The firm has "Buy" rating given on Tuesday, September 19 by Cowen & Co. As per Friday, August 7, the company rating was downgraded by TheStreet. TD Securities maintained the stock with "Hold" rating in Thursday, August 6 report. The oil and gas company reported $0.91 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.89 by $0.02.

Let's take a quick look at how the price of Chevron Corporation (NYSE:CVX) is now trading in comparison to some of its simple moving averages.

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Alphabet Inc. (GOOG) has earnings decline of -10.80% yoy. Fiscal Fourth Quarter and Full-Year 2017 Financial Results" published on October 25, 2017 as well as Investorplace.com's news article titled: "Buy Visa Inc Stock Because the Company Knows What It Doesn't Know" with publication date: "October 26, 2017. Taylor Asset Management Inc who had been investing in Mbia Inc for a number of months, seems to be bullish on the $863.10M market cap company.

Among 38 analysts covering Visa Inc. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. Therefore 50% are positive. Exxon Mobil had 74 analyst reports since July 22, 2015 according to SRatingsIntel. Cantor Fitzgerald initiated it with "Buy" rating and $120.0 target in Thursday, September 28 report. The stock of Amgen, Inc. Barclays Capital has "Equal-Weight" rating and $85 target. The company was maintained on Tuesday, October 3 by Jefferies. The firm has "Buy" rating given on Wednesday, July 12 by BTIG Research. The firm earned "Buy" rating on Friday, July 14 by Mizuho.

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