Published: Sat, January 28, 2017
Economy | By Melissa Porter

Chevron Corporation (NYSE:CVX) Q4 Result Fails To Meet Investors' Expectations

Chevron Corporation (NYSE:CVX) Q4 Result Fails To Meet Investors' Expectations

In other news, Director Linnet F. Deily sold 5,637 shares of the company's stock in a transaction dated Thursday, November 3rd.

Chevron Corporation had its "buy" rating reiterated by analysts at Jefferies.

The CEO says tight oil plays such as the Permian and other North American unconventional oil areas could make up 25% of CVX's production by 2025.

Chevron also provided updates on its critical Gorgon liquefied natural gas project, which experienced some shutdowns in 2016, as well as its Wheatstone natural gas hub. Inc. now owns 955 shares of the company's stock valued at $100,000 after buying an additional 729 shares during the period. Global X Management Co. Exane BNP Paribas started coverage on Chevron Corporation in a research note on Monday, October 10th. The number of shares now owned by investors are 1.89 bln. Chicago Partners Investment Group LLC now owns 1,644 shares of the company's stock valued at $172,000 after buying an additional 781 shares during the period. The stock had a trading capacity of 6.92M shares. The company's market capitalization is $219.51 billion. Chevron Corporation has a 1-year low of $75.33 and a 1-year high of $119.00.

Chevron Looks to Expand Permian Activity in 2017
Source Chevron

Chevron Corporation (NYSE:CVX) will report its next earnings on 27-Jan-17. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.39 by $0.29. For the quarter, revenue came in at 30.14B versus consensus estimate of 30.33B. Chevron Corporation makes up approx 1.23% of Marshwinds Advisory Co's portfolio.Bkd Wealth Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 647 additional shares and now holds a total of 26,581 shares of Chevron Corporation which is valued at $3,105,724.

According to analyst estimates compiled by Bloomberg, Chevron was expected to return to profit from a loss a year earlier, so the fourth-quarter profit was not a surprise. 24 Analysts reported that the Price Target for Chevron Corporation might touch $145 high while the Average Price Target and Low price Target is $125.67 and $85 respectively. Finally, TheStreet raised shares of Chevron Corporation from a "hold" rating to a "buy" rating in a research report on Wednesday, December 21st.

Some buy side analysts are also providing their Analysis on Chevron Corporation, where 7 analysts have rated the stock as Strong buy, 11 analysts have given a Buy signal, 8 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. The company has price to cash ratio of 28.84.

Last month Chevron said its capital expenditure would be US$19.8 billion in 2017, down 42 percent on 2015 and at least 15 percent lower than outlays for 2016. Current price places the company's stock 12.29% away from its 200-day simple moving average, 1.77%, away from the 50-day average and also -0.09% away from 20-day average. The sale was disclosed in a filing with the SEC, which is available through this link. Chevron Corporation makes up approx 0.20% of Douglas Lane Associates's portfolio.Asset Management firm, Boyd Watterson Asset Managementoh reduced its stake in CVX by selling 591 shares or 5.16% in the most recent quarter.

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