Chevron Corp. (NYSE: CVX) has a higher price-to-earnings ratio of 14.96x compared to its average ratio, The 36-month beta value for CVX is at 1.08. 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 1.83B, and currently, shorts hold a 2.95% of that float. The average trading volume for CVX on October 21, 2024 was 7.33M shares.
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CVX) stock’s latest price update
Chevron Corp. (NYSE: CVX)’s stock price has decreased by -0.30 compared to its previous closing price of 151.20. However, the company has seen a -0.44% decrease in its stock price over the last five trading sessions. fool.com reported 2024-10-20 that These energy companies should be able to continue growing their attractive dividends.
CVX’s Market Performance
CVX’s stock has fallen by -0.44% in the past week, with a monthly rise of 3.97% and a quarterly drop of -3.97%. The volatility ratio for the week is 1.21% while the volatility levels for the last 30 days are 1.69% for Chevron Corp. The simple moving average for the last 20 days is 1.24% for CVX stock, with a simple moving average of -1.40% for the last 200 days.
Analysts’ Opinion of CVX
Many brokerage firms have already submitted their reports for CVX stocks, with BofA Securities repeating the rating for CVX by listing it as a “Buy.” The predicted price for CVX in the upcoming period, according to BofA Securities is $168 based on the research report published on October 17, 2024 of the current year 2024.
Bernstein gave a rating of “Mkt Perform” to CVX, setting the target price at $167 in the report published on July 17th of the current year.
CVX Trading at 3.25% 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 -11.41% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.21%, as shares surge +3.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.33% upper at present.
During the last 5 trading sessions, CVX fell by -0.44%, which changed the moving average for the period of 200-days by -1.04% in comparison to the 20-day moving average, which settled at $148.90. In addition, Chevron Corp. saw 1.07% 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 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 1.51. 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 conclusion, Chevron Corp. (CVX) has had a mixed 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.
