The stock of Chevron Corp. (CVX) has gone up by 1.86% for the week, with a 3.54% rise in the past month and a 3.84% rise in the past quarter. The volatility ratio for the week is 1.13%, and the volatility levels for the past 30 days are 1.47% for CVX. The simple moving average for the past 20 days is 2.96% for CVX’s stock, with a 2.00% simple moving average for the past 200 days.
Is It Worth Investing in Chevron Corp. (NYSE: CVX) Right Now?
The price-to-earnings ratio for Chevron Corp. (NYSE: CVX) is above average at 13.90x. The 36-month beta value for CVX is also noteworthy at 1.12. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 5 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for CVX is 1.86B, and at present, short sellers hold a 2.79% of that float. The average trading volume of CVX on April 01, 2024 was 8.76M shares.
CVX) stock’s latest price update
Chevron Corp. (NYSE: CVX) has experienced a rise in its stock price by 0.89 compared to its previous closing price of 156.35. However, the company has seen a gain of 1.86% in its stock price over the last five trading days. The Motley Fool reported 2024-03-30 that Chevron’s stock price has recovered significantly since the worst of the COVID-19 pandemic energy market decline. The company looks attractively priced relative to its closest U.S. peer.
Analysts’ Opinion of CVX
Many brokerage firms have already submitted their reports for CVX stocks, with DZ Bank repeating the rating for CVX by listing it as a “Hold.” The predicted price for CVX in the upcoming period, according to DZ Bank is $160 based on the research report published on February 06, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see CVX reach a price target of $150, previously predicting the price at $170. The rating they have provided for CVX stocks is “Market Perform” according to the report published on January 23rd, 2024.
CVX Trading at 4.21% 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 -8.76% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.13%, as shares surge +3.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.22% upper at present.
During the last 5 trading sessions, CVX rose by +1.86%, which changed the moving average for the period of 200-days by +0.26% in comparison to the 20-day moving average, which settled at $153.49. In addition, Chevron Corp. saw 5.75% in overturn over a single year, with a tendency to cut further gains.
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 ’23. After this action, Breber Pierre R now owns 6,021 shares of Chevron Corp., valued at $4,100,000 using the latest closing price.
GUSTAVSON JEFF B, the Vice President of Chevron Corp., sale 3,750 shares at $160.88 during a trade that took place back on Aug 03 ’23, 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:
- 0.15 for the present operating margin
- 0.26 for the gross margin
The net margin for Chevron Corp. stands at 0.11. The total capital return value is set at 0.13. Equity return is now at value 13.35, with 8.23 for asset returns.
Based on Chevron Corp. (CVX), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 1.63. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 64.08.
Currently, EBITDA for the company is 47.38 billion with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 1.59. The receivables turnover for the company is 9.8for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In summary, Chevron Corp. (CVX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
