The stock of Chevron Corp. (CVX) has seen a -3.40% decrease in the past week, with a -0.27% drop in the past month, and a 5.26% flourish in the past quarter. The volatility ratio for the week is 1.95%, and the volatility levels for the past 30 days are at 1.82% for CVX. The simple moving average for the past 20 days is -0.58% for CVX’s stock, with a 3.18% simple moving average for the past 200 days.
Is It Worth Investing in Chevron Corp. (NYSE: CVX) Right Now?
Chevron Corp. (NYSE: CVX) has a price-to-earnings ratio that is above its average at 14.75x. The stock has a 36-month beta value of 1.12. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for CVX is 1.84B, and at present, short sellers hold a 2.83% of that float. On May 06, 2024, the average trading volume of CVX was 8.07M shares.
CVX) stock’s latest price update
The stock of Chevron Corp. (NYSE: CVX) has decreased by -0.30 when compared to last closing price of 160.73. Despite this, the company has experienced a -3.40% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-05 that “The Dow® [adds a stock] if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors. Sector representation.is also a consideration.”–DowJones&Co. The highest-yield 10 stocks are May’s Dogs of the Dow: HD, KO, AMGN, JNJ, CSCO, IBM, CVX, DOW, MMM, and VZ. They now average a 4.17% annual yield, as prices. Thirty Dow stocks represent nine of eleven sectors. DowJones tracks utilities as a separate index and omits real estate. Broker top-ten target-estimated May net-gains ranged 17.6%-38%, topped by INTC 5/1/24.
Analysts’ Opinion of CVX
Many brokerage firms have already submitted their reports for CVX stocks, with TD Cowen repeating the rating for CVX by listing it as a “Hold.” The predicted price for CVX in the upcoming period, according to TD Cowen is $160 based on the research report published on April 29, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see CVX reach a price target of $195. The rating they have provided for CVX stocks is “Sector Outperform” according to the report published on April 11th, 2024.
Barclays gave a rating of “Overweight” to CVX, setting the target price at $203 in the report published on April 10th of the current year.
CVX Trading at 2.01% 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 -6.67% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares sank -0.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.10% upper at present.
During the last 5 trading sessions, CVX fell by -3.40%, which changed the moving average for the period of 200-days by +3.59% in comparison to the 20-day moving average, which settled at $161.12. In addition, Chevron Corp. saw 7.43% 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 $165.00 back on Apr 25 ’24. After this action, Knowles Alana K now owns 276 shares of Chevron Corp., valued at $462,000 using the latest closing price.
Knowles Alana K, the VP and Controller of Chevron Corp., sale 2,800 shares at $160.09 during a trade that took place back on Apr 02 ’24, which means that Knowles Alana K is holding 276 shares at $448,252 based on the most recent closing price.
Stock Fundamentals for CVX
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.22 for the gross margin
The net margin for Chevron Corp. stands at 0.11. The total capital return value is set at 0.12. Equity return is now at value 12.68, with 7.84 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 1.61. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 55.97.
Currently, EBITDA for the company is 47.38 billion with net debt to EBITDA at 0.42. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 9.46for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
To sum up, Chevron Corp. (CVX) has seen a mixed 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.
