The stock of Chevron Corporation (CVX) has seen a 1.00% increase in the past week, with a -6.94% drop in the past month, and a -2.88% decrease in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are at 1.96% for CVX. The simple moving average for the last 20 days is -0.95% for CVX stock, with a simple moving average of -5.76% for the last 200 days.
Is It Worth Investing in Chevron Corporation (NYSE: CVX) Right Now?
Chevron Corporation (NYSE: CVX) has a price-to-earnings ratio of 8.50x that is above its average ratio. Additionally, the 36-month beta value for CVX is 1.17. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 2 rating it as “overweight,” 14 rating it as “hold,” and 1 rating it as “sell.”
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The average price predicted by analysts for CVX is $188.34, which is $33.0 above the current price. The public float for CVX is 1.88B and currently, short sellers hold a 0.76% ratio of that float. The average trading volume of CVX on May 25, 2023 was 7.76M shares.
CVX) stock’s latest price update
Chevron Corporation (NYSE: CVX)’s stock price has plunge by 0.27relation to previous closing price of 156.85. Nevertheless, the company has seen a 1.00% surge in its stock price over the last five trading sessions. The Wall Street Journal reported on 05/22/23 that Why Big Oil Likes Small Deals
CVX Trading at -2.93% from the 50-Day Moving Average
After a stumble in the market that brought CVX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.09% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -5.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.17% lower at present.
During the last 5 trading sessions, CVX rose by +1.00%, which changed the moving average for the period of 200-days by +2.52% in comparison to the 20-day moving average, which settled at $158.35. In addition, Chevron Corporation saw -12.38% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CVX starting from MORRIS RHONDA J, who sale 19,666 shares at the price of $170.00 back on Feb 07. After this action, MORRIS RHONDA J now owns 3,967 shares of Chevron Corporation, valued at $3,343,281 using the latest closing price.
JOHNSON JAMES WILLIAM, the Executive Vice President of Chevron Corporation, sale 37,300 shares at $182.31 during a trade that took place back on Nov 30, which means that JOHNSON JAMES WILLIAM is holding 0 shares at $6,800,230 based on the most recent closing price.
Stock Fundamentals for CVX
Current profitability levels for the company are sitting at:
- +17.55 for the present operating margin
- +21.20 for the gross margin
The net margin for Chevron Corporation stands at +15.00. The total capital return value is set at 22.89, while invested capital returns managed to touch 19.91. Equity return is now at value 22.70, with 13.90 for asset returns.
Based on Chevron Corporation (CVX), the company’s capital structure generated 17.18 points at debt to equity in total, while total debt to capital is 14.66. Total debt to assets is 10.62, with long-term debt to equity ratio resting at 15.25. Finally, the long-term debt to capital ratio is 13.02.
When we switch over and look at the enterprise to sales, we see a ratio of 1.32, with the company’s debt to enterprise value settled at 0.08. The receivables turnover for the company is 12.16 and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
In conclusion, Chevron Corporation (CVX) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
