JOHNSON JAMES WILLIAM Acquires Chevron Corporation (CVX) Shares

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Chevron Corporation (NYSE:CVX) finished Thursday with a subtraction of -$0.12 to close at $154.89, a downside of -0.08 percent. An average of 14,673,680 shares of common stock have been traded in the last five days. There was a fall of -$5.73 in the past week, and it reached a new high 57 times over the past 12 months. The last 20 days have seen an average of 10,567,825 shares traded, while the 50-day average volume stands at 8,944,100.

CVX stock has decreased by -4.38% in the last month. The company shares reached their 1-month lowest point of $152.62 on 09/07/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $96.24 and a high of $182.40 in 52 weeks. It has reached a new high 34 times so far this year and achieved 31.99% or $37.54 in price. In spite of this, the price is down -15.08% from the 52-week high.


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Insider Transactions

29 days have passed since Chevron Corporation (CVX) last reported insider trading activity. JOHNSON JAMES WILLIAM, who is Executive Vice President, most recently acquired $85,300 shares at $164.01 per share on Aug 25. In this transaction, the insider spent $13,989,993. VP & Chief Financial Officer, Breber Pierre R, disposed of 22,500 shares at a price of $161.39 on Aug 23. The insider now owns more than $3,631,212 worth of shares. Prior to that, VP & Chief Financial Officer Breber Pierre R went on to Sale 22,500 shares at $158.11 each on Aug 11. An amount of $3,557,475 was transacted.

Valuation Metrics

Chevron Corporation (CVX) has a trailing price-to-earnings (P/E) ratio of 10.35. The stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.51, the price-to-book (PB) ratio at 1.96, and the price-to-cash flow ratio at 15.91.

The company has a payout ratio of 36.70%. The company’s most recent quarterly dividend payment was $1.42 a share, without any change from last year. Its latest increase dividend $0.08 reported on Wednesday January 26 2022.

Financial Health

The quick ratio of Chevron Corporation for the three months ended March 30 was 1.10, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.15 and a total debt to equity ratio of 0.17 for the quarter ending March 30. Its gross profit as reported stood at $66.25 billion compared to revenue of $162.47 billion.

Earnings Surprise

For the three-month period that ended March 30, Chevron Corporation had $341.0 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $11.62 billion in the quarter, while revenues of $6.26 billion were grew 73.48%. The analyst consensus anticipated Chevron Corporation’s latest quarter earnings to come in at $3.27 per share, but it turned out to be $3.36, a 2.80% surprise. For the quarter, EBITDA amounted to $19.83 billion. Shareholders own equity worth $1.96 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Chevron Corporation (CVX) price momentum. RSI 9-day as of the close on 22 September was 40.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.20%.

As of today, CVX’s price is $155.91 -3.57% or -$5.73 from its 5-day moving average. CVX is currently trading -5.09% lower than its 20-day SMA and -1.14% lower than its 100-day SMA. However, the stock’s current price level is +12.25% above the SMA50 and +33.30% above the SMA200.

The stochastic %K and %D were 23.29% and 27.80%, respectively, and the average true range (ATR) was 3.97. With the 14-day stochastic at 19.06% and the average true range at 4.05, the RSI (14) stands at 44.81%. The stock has reached -2.98 on the 9-day MACD Oscillator while the 14-day reading was at -2.56.

Analyst Ratings

The consensus rating for Chevron Corporation (CVX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CVX, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 14 others rate it as a “buy”.

What is CVX’s price target for the next 12 months?

Analysts predict a range of price targets between $150.00 and $202.00, with a median target of $180.00. Taking a look at these predictions, the average price target given by analysts for Chevron Corporation (CVX) stock is $180.30.

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