Chevron Corp. (NYSE: CVX)’s stock price has increased by 1.30 compared to its previous closing price of 145.73. However, the company has seen a 0.24% increase in its stock price over the last five trading sessions. fool.com reported 2024-08-25 that Chevron is adding another potential carbon capture project to its portfolio. It’s working on several opportunities around the world to reduce its emissions and those of its customers.
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 14.65x, Company’s 36-month beta value is 1.09.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for CVX is 1.83B, and currently, short sellers hold a 2.74% ratio of that floaft. The average trading volume of CVX on August 26, 2024 was 7.27M shares.
CVX’s Market Performance
CVX’s stock has seen a 0.24% increase for the week, with a -6.30% drop in the past month and a -5.94% fall in the past quarter. The volatility ratio for the week is 1.22%, and the volatility levels for the past 30 days are at 1.92% for Chevron Corp. The simple moving average for the past 20 days is -0.46% for CVX’s stock, with a -3.45% simple moving average for the past 200 days.
Analysts’ Opinion of CVX
Bernstein, on the other hand, stated in their research note that they expect to see CVX reach a price target of $167, previously predicting the price at $183. The rating they have provided for CVX stocks is “Mkt Perform” according to the report published on July 17th, 2024.
TD Cowen gave a rating of “Hold” to CVX, setting the target price at $160 in the report published on April 29th of the current year.
CVX Trading at -3.51% 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 -14.02% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares sank -6.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.28% lower at present.
During the last 5 trading sessions, CVX rose by +0.24%, which changed the moving average for the period of 200-days by +0.42% in comparison to the 20-day moving average, which settled at $147.78. In addition, Chevron Corp. saw -1.03% 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 GUSTAVSON JEFF B, who sale 3,750 shares at the price of $160.23 back on May 21 ’24. After this action, GUSTAVSON JEFF B now owns 477 shares of Chevron Corp., valued at $600,878 using the latest closing price.
HERNANDEZ ENRIQUE JR, the Director of Chevron Corp., sale 2,549 shares at $165.24 during a trade that took place back on May 10 ’24, which means that HERNANDEZ ENRIQUE JR is holding 0 shares at $421,207 based on the most recent closing price.
Stock Fundamentals for CVX
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.19 for the gross margin
The net margin for Chevron Corp. stands at 0.1. The total capital return value is set at 0.11. Equity return is now at value 11.79, with 7.31 for asset returns.
Based on Chevron Corp. (CVX), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 1.52. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 51.85.
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 1.48. The receivables turnover for the company is 9.42for 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 1.16.
Conclusion
In a nutshell, Chevron Corp. (CVX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
