Chevron Corp. (NYSE: CVX) has a higher price-to-earnings ratio of 14.24x compared to its average ratio, The 36-month beta value for CVX is at 1.12. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 6 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for CVX is 1.86B, and currently, shorts hold a 2.79% of that float. The average trading volume for CVX on April 08, 2024 was 8.72M shares.
CVX) stock’s latest price update
Chevron Corp. (NYSE: CVX) has experienced a rise in its stock price by 0.57 compared to its previous closing price of 160.69. However, the company has seen a gain of 2.45% in its stock price over the last five trading days. CNBC reported 2024-04-06 that The oil industry is betting carbon capture will serve heavy industries like cement- and steelmaking that now have few good options to slash greenhouse gases.
CVX’s Market Performance
CVX’s stock has risen by 2.45% in the past week, with a monthly rise of 8.95% and a quarterly rise of 7.26%. The volatility ratio for the week is 1.32% while the volatility levels for the last 30 days are 1.29% for Chevron Corp. The simple moving average for the past 20 days is 3.92% for CVX’s stock, with a 4.47% simple moving average for the past 200 days.
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 5.56% 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 -6.52% of loss for the given period.
Volatility was left at 1.29%, however, over the last 30 days, the volatility rate increased by 1.32%, as shares surge +8.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.51% upper at present.
During the last 5 trading sessions, CVX rose by +2.45%, which changed the moving average for the period of 200-days by +5.15% in comparison to the 20-day moving average, which settled at $156.12. In addition, Chevron Corp. saw 8.34% 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 Knowles Alana K, who sale 2,800 shares at the price of $160.09 back on Apr 02 ’24. After this action, Knowles Alana K now owns 276 shares of Chevron Corp., valued at $448,252 using the latest closing price.
Breber Pierre R, the VP & Chief Financial Officer of Chevron Corp., sale 25,000 shares at $164.00 during a trade that took place back on Aug 11 ’23, which means that Breber Pierre R is holding 6,021 shares at $4,100,000 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 1.63. 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 conclusion, Chevron Corp. (CVX) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
