Is Chevron Corporation (CVX) Stock Cheap Or Risky?

At the last check on Friday, Chevron Corporation’s (NYSE:CVX) stock was up $1.94, moving up 1.18 percent to $166.65. The average number of shares traded per day over the past five days has been 8,941,770 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.46 fall in that time frame. In the last twenty days, the average volume was 10,154,957, while in the previous 50 days, it was 14,744,811.

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Since last month, CVX stock retreated -2.54%. Shares of the company fell to $151.36 on 04/25/22, the lowest level in the past month. A 52-week high of $174.76 was reached on 03/10/22 after having rallying from a 52-week low of $92.86. Since the beginning of this year, CVX’s stock price has risen by 40.36% or $47.89, and marked a new high 27 times. However, the stock has declined by -4.64% since its 52-week high.

Chevron Corporation (CVX) last reported insider trading activity 3 days ago on May 10. NELSON MARK A, the Executive Vice President of the company, disposed of 117,400 shares for $159.47 on May 10. It resulted in a $18,722,342 divestment by the insider. Geagea Joseph C sold 30,000 shares at an average price of $168.63 on May 06. The insider now owns 1,243 shares following the transaction. On May 06, Vice Pres. and Controller INCHAUSTI DAVID A sold 5,000 shares at $170.00 apiece. The transaction was valued at $850,000.

Valuation Metrics

Right now, Chevron Corporation (CVX) has a P/E ratio of about 15.49. The stock’s beta is 1.08. Besides these, the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 2.18, and the price-to-cash flow ratio of 22.01 may also be considered.

The latest dividend of $1.42 per share was paid out, remained unchanged from last year’s $1.42. On Wednesday January 26 2022, a $0.08 dividend increase was announced.

Financial Health

In the three months ended March 30, Chevron Corporation’s quick ratio stood at 1.20, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.20, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 40.90% percent. In the year ended March 30, operating margins totaled 12.90%. Based on annual data, CVX earned $66.25 billion in gross profit and brought in $162.47 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.70%. Return on equity (ROE) for the past 12 months was 14.80%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CVX’s revenue rose 41.09% to $48.13 billion during the quarter, while net income inched up to $54.37 billion. While analysts expected Chevron Corporation to report $3.27 quarterly earnings, the actual figure was $3.36 per share, beating the consensus estimate by 2.80%. During the quarter, the company generated $12.84 billion in EBITDA. The liabilities of Chevron Corporation were 101.95 billion at the end of its most recent quarter ended March 30, and its total debt was $34.87 billion. The value of shareholders’ equity is $1.96 billion.

Technical Picture

This quick technical analysis looks at Chevron Corporation’s (CVX) price momentum. With a historical volatility rate of 44.46%, the RSI 9-day stood at 53.08% on 12 May.

With respect to its five-day moving average, the current Chevron Corporation price is down by -3.20% percent or -$5.46. At present, CVX shares trade -3.70% below its 20-day simple moving average and +45.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.77% above its SMA50 and +61.09% above its SMA200.

Stochastic coefficient K was 64.46% and Stochastic coefficient D was 56.30%, while ATR was 5.76. Given the Stochastic reading of 65.14% for the 14-day period, the RSI (14) reading has been calculated as 52.33%. As of today, the MACD Oscillator reading stands at -0.09, while the 14-day reading stands at 2.14.

Analyst Ratings

Chevron Corporation downgraded its rating on Chevron Corporation (NYSE: CVX) to a Sector perform in a note to investors on April 21, 2022. The analysts firm previously had an Outperform rating on the stock.Chevron Corporation (CVX) has been rated Overweight by analysts. According to 1 brokerage firm, CVX is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Chevron Corporation stock as buy, with 13 recommending it as overweight.

With a median target price of $183.00, the current consensus forecast for the stock is $130.00 – $213.00. Based on these forecasts, analysts predict Chevron Corporation (CVX) will achieve an average price target of $179.44.


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