Market Update: Chevron Corporation (NYSE:CVX) – Stephen W. Green Named President of Chevron Asia Pacific Exploration and Production

[Business Wire] – SAN RAMON, Calif.–(BUSINESSWIRE)– Chevron Corporation ( NYSE:CVX – News) today named Stephen W. Green president of Chevron Asia Pacific Exploration and Production effective April 1, 2016. Green, 58, succeeds Melody B. Meyer who is retiring from Chevron after 37 years of distinguished service to pursue other opportunities, effective June 1. Green, who is currently corporate vice president of Policy, Government and Public Affairs, will oversee Chevron’s exploration and production activities in nine countries across the Asia-Pacific region – a region with which he is very familiar. Read more on this. Chevron Corporation (CVX) , valued at $160.78B, started the session at $83.80. Looking at today’s market, CVX one day range is $83.20 to $85.57 and has traded between $69.58 and $112.93 over the past 12 months. Priced at 49.99x this year’s forecasted earnings, CVX shares are relatively expensive compared to the industry ’s 15.65x forward p/e ratio. And for dividend hunters, the company pays shareholders $4.28 per share annually in dividends, yielding 5.15%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.01 per share, which would be $1.06 worse than the year-ago quarter and a $0.69 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.66 is a $1.72 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $23.56 Billion. If reported, that would be a 31.83% decrease over the year-ago quarter. More recently, Simmons downgraded CVX from Overweight to Neutral (Jan 21, 2016). Previously, Macquarie upgraded CVX from Neutral to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $93.86, which is 12.00% above where the stock opened this morning. See more in (NYSE:CVX) Similar Articles: Market Update: Chevron Corporation (NYSE:CVX) – Chevron Announces First Gas from the Chuandongbei Project in Southwest China Company Update: Chevron Corporation (NYSE:CVX) – Chevron in talks for LNG supplies to China Stock Update: Chevron Corporation (NYSE:CVX) – Chevron Announces Quarterly Dividend
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