The stock price of Chevron Corp (NYSE: CVX) has plunged by -0.27 when compared to previous closing price of 156.93, but the company has seen a 1.64% gain in its stock price over the last five trading sessions. 247wallst.com reported 2024-11-11 that Energy stocks attract investors for a number of reasons.
Is It Worth Investing in Chevron Corp (NYSE: CVX) Right Now?
Chevron Corp (NYSE: CVX) has a higher price-to-earnings ratio of 17.22x compared to its average ratio. CVX has 36-month beta value of 1.08. Analysts have mixed views 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 1.80B, and currently, short sellers hold a 2.98% ratio of that float. The average trading volume of CVX on November 12, 2024 was 7.09M shares.
CVX’s Market Performance
CVX’s stock has seen a 1.64% increase for the week, with a 3.35% rise in the past month and a 8.57% gain in the past quarter. The volatility ratio for the week is 1.31%, and the volatility levels for the past 30 days are at 1.35% for Chevron Corp The simple moving average for the last 20 days is 3.09% for CVX stock, with a simple moving average of 2.00% for the last 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 “Buy.” The predicted price for CVX in the upcoming period, according to DZ Bank is $170 based on the research report published on November 05, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see CVX reach a price target of $168. The rating they have provided for CVX stocks is “Buy” according to the report published on October 17th, 2024.
CVX Trading at 5.76% 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 -6.35% of loss for the given period.
Volatility was left at 1.35%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares surge +3.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.78% upper at present.
During the last 5 trading sessions, CVX rose by +1.64%, which changed the moving average for the period of 200-days by +4.93% in comparison to the 20-day moving average, which settled at $151.81. In addition, Chevron Corp saw 4.92% 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:
- 0.03 for the present operating margin
- 0.09 for the gross margin
The net margin for Chevron Corp stands at 0.08. The total capital return value is set at 0.02. Equity return is now at value 10.38, with 6.38 for asset returns.
Based on Chevron Corp (CVX), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.83. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 10.3.
Currently, EBITDA for the company is 45.04 billion with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 1.52. The receivables turnover for the company is 10.17for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To put it simply, Chevron Corp (CVX) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
