Chevron Corporation (CVX) Insider Trading: What Insights Can Be Gained?

As of Thursday close, Chevron Corporation’s (NYSE:CVX) stock was down -$5.44, moving down -3.68 percent to $142.43. The average number of shares traded per day over the past five days has been 19,386,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$21.83 fall in that time frame. In the last twenty days, the average volume was 12,747,385, while in the previous 50 days, it was 11,448,798.

Since last month, CVX stock retreated -17.06%. Shares of the company fell to $140.15 on 06/23/22, the lowest level in the past month. A 52-week high of $182.40 was reached on 06/08/22 after having rallying from a 52-week low of $92.86. Since the beginning of this year, CVX’s stock price has risen by 21.37% or $25.08, and marked a new high 34 times. However, the stock has declined by -21.91% since its 52-week high.

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Chevron Corporation (CVX) last reported insider trading activity 28 days ago on May 27. Austin Wanda M, the Director of the company, disposed of 12,039 shares for $177.29 on May 27. It resulted in a $2,134,446 divestment by the insider. JOHNSON JAMES WILLIAM sold 270,000 shares at an average price of $176.44 on May 26. The insider now owns 0 shares following the transaction. On May 26, Executive Vice President Geagea Joseph C sold 10,000 shares at $177.50 apiece. The transaction was valued at $1,775,000.

Valuation Metrics

Right now, Chevron Corporation (CVX) has a P/E ratio of about 13.39. The stock’s beta is 1.07. Besides these, the trailing price-to-sales (P/S) ratio of 1.66, the price-to-book (PB) ratio of 1.89, and the price-to-cash flow ratio of 20.48 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 $29.33 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 41.67%, the RSI 9-day stood at 22.49% on 23 June.

With respect to its five-day moving average, the current Chevron Corporation price is down by -13.29% percent or -$21.83. At present, CVX shares trade -17.50% below its 20-day simple moving average and +9.05% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.97% below its SMA50 and +46.74% above its SMA200.

Stochastic coefficient K was 11.71% and Stochastic coefficient D was 12.23%, while ATR was 6.83. Given the Stochastic reading of 5.40% for the 14-day period, the RSI (14) reading has been calculated as 28.25%. As of today, the MACD Oscillator reading stands at -9.85, while the 14-day reading stands at -17.17.

Analyst Ratings

Chevron Corporation downgraded its rating on Chevron Corporation (NYSE: CVX) to a Hold in a note to investors on May 20, 2022. The analysts firm previously had a Buy rating on the stock.Chevron Corporation (CVX) has been rated Overweight by analysts. According to 1 brokerage firm, CVX is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Chevron Corporation stock as buy, with 13 recommending it as overweight.

With a median target price of $182.00, the current consensus forecast for the stock is $147.00 – $213.00. Based on these forecasts, analysts predict Chevron Corporation (CVX) will achieve an average price target of $184.38.


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