Chevron Corporation (NYSE: CVX) has a price-to-earnings ratio that is above its average at 10.61x. and a 36-month beta value of 1.17. Opinions on the stock are mixed, with 15 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 0 as “sell.”
The average price predicted for Chevron Corporation (CVX) by analysts is $185.76, which is $19.99 above the current market price. The public float for CVX is 1.91B, and at present, short sellers hold a 0.81% of that float. On September 19, 2023, the average trading volume of CVX was 7.67M shares.
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CVX) stock’s latest price update
Chevron Corporation (NYSE: CVX)’s stock price has increased by 0.43 compared to its previous closing price of 166.50. However, the company has seen a 2.11% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-18 that Investors may be wondering if it’s time to buy stock in oil conglomerates Chevron (CVX) and Exxon Mobil (XOM) as more analysts see the possibility of crude prices topping $100 a barrel.
CVX’s Market Performance
Chevron Corporation (CVX) has seen a 2.11% rise in stock performance for the week, with a 4.68% gain in the past month and a 6.33% surge in the past quarter. The volatility ratio for the week is 1.22%, and the volatility levels for the past 30 days are at 1.41% for CVX. The simple moving average for the last 20 days is 2.60% for CVX stock, with a simple moving average of 1.78% for the last 200 days.
Analysts’ Opinion of CVX
Many brokerage firms have already submitted their reports for CVX stocks, with Mizuho repeating the rating for CVX by listing it as a “Buy.” The predicted price for CVX in the upcoming period, according to Mizuho is $209 based on the research report published on August 16, 2023 of the current year 2023.
CVX Trading at 4.12% 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 -11.84% of loss for the given period.
Volatility was left at 1.41%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares surge +3.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.43% upper at present.
During the last 5 trading sessions, CVX rose by +2.11%, which changed the moving average for the period of 200-days by -7.63% in comparison to the 20-day moving average, which settled at $163.31. In addition, Chevron Corporation saw -6.84% 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 Breber Pierre R, who sale 25,000 shares at the price of $164.00 back on Aug 11. After this action, Breber Pierre R now owns 6,021 shares of Chevron Corporation, valued at $4,100,000 using the latest closing price.
GUSTAVSON JEFF B, the Vice President of Chevron Corporation, sale 3,750 shares at $160.88 during a trade that took place back on Aug 03, which means that GUSTAVSON JEFF B is holding 1,718 shares at $603,300 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 19.00, with 11.80 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 1.53, 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
To sum up, Chevron Corporation (CVX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
