Chevron shares jump about 2% on strong earnings beat

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CVX has a 1-year high price of $ 117.87 and 1-year low price of $95.02.

Results from the refining and marketing operations were mixed.

The company attributed the earnings, which beat analysts' estimates by 55 cents a share, to improving commodity prices and company-wide efficiences. Four analysts surveyed by Zacks expected $32.01 billion.

Chevron Corporation (NYSE:CVX) will have earnings take center stage when the firm posts their results on 4/28/2017 8:30:00 AM. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.42.

Looking forward, for the quarter ending Jun-17, 5 analysts have a mean sales target of 34,261.70 million. Chevron had a positive return on equity of 1.26% and a negative net margin of 0.43%. The business's revenue for the quarter was up 42.0% compared to the same quarter past year. The stock traded with the volume of 5.77 Million shares in the last trading session. The legal version of this report can be accessed at The stock now has a PEG Ratio of 1.21. Jefferies Group LLC reaffirmed a "buy" rating on shares of Chevron in a report on Wednesday, January 18th. Chevron has a consensus rating of "Buy" and an average target price of $120.15. The fund owned 1,883,283 shares of the oil and gas company's stock after selling 494,485 shares during the period.

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Now the shares of Chevron Corporation (CVX) has a trading volume of 6.65 Million shares, with an average trading volume of 5110 shares - with shares dropping to a 52 week low of $95.02, and the company's shares hitting a 52 week high of $ 117.87. Chevron Co. The stock has a 50 day moving average price of $107.86 and a 200 day moving average price of $110.44. Chevron Corporation CVX showed a Day High of -7.26% in today's Market that also showed a Day Low of 2.17%. The stock's market cap is $201.99 billion.

In other Chevron news, insider Pierre R. Breber sold 45,000 shares of Chevron stock in a transaction dated Thursday, February 2nd. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Several other large investors have also modified their holdings of the company. Concorde Asset Management LLC boosted its stake in shares of Chevron by 479.4% in the third quarter. Finally, Exencial Wealth Advisors LLC increased its position in Chevron by 23.9% in the fourth quarter. Over the last 12 months, Chevron stock has risen 3%. At present, 11 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Finally, New Capital Management LP bought a new position in Chevron during the fourth quarter valued at about $171,000.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, CVX earned gross profit of 72.07 Billion, in 2015 52.57 Billion gross profit, while in 2016 Chevron Corporation (CVX) produced 44.23 Billion profit.

The biggest institutional shareholders in Chevron Corporation include Vanguard Group Inc which owns 131 million shares in the company valued at $15.43 B million. Huntington National Bank now owns 498,465 shares of the oil and gas company's stock valued at $51,301,000 after buying an additional 177,486 shares in the last quarter.