As of Wednesday close, Chevron Corporation’s (NYSE:CVX) stock was down -$1.65, moving down -0.89 percent to $184.24. The average number of shares traded per day over the past five days has been 7,499,300 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.75 fall in that time frame. In the last twenty days, the average volume was 8,241,855, while in the previous 50 days, it was 9,033,614.
Since last month, CVX stock rose 5.32%. Shares of the company fell to $171.61 on 10/24/22, the lowest level in the past month. A 52-week high of $189.68 was reached on 11/14/22 after having rallying from a 52-week low of $110.73. Since the beginning of this year, CVX’s stock price has risen by 57.00% or $66.89, and marked a new high 41 times. However, the stock has declined by -2.87% since its 52-week high.
Do You Own These 7 Inflation-Survival Stocks?
Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.
Click here to get your free copy of the report
CVX stock investors should be aware that Chevron Corporation (CVX) stock had its last reported insider trading activity 4 days ago on Nov 21. GAST ALICE P, the Director of the company, disposed of 2,706 shares for $179.44 on Nov 21. It resulted in a $485,565 divestment by the insider. Wirth Michael K sold 34,620 shares at an average price of $185.03 on Nov 07. The insider now owns 0 shares following the transaction. On Nov 04, Chairman and CEO Wirth Michael K sold 55,380 shares at $185.09 apiece. The transaction was valued at $10,250,428.
Right now, Chevron Corporation (CVX) has a P/E ratio of about 10.48. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 1.58, the price-to-book (PB) ratio of 2.24, and the price-to-cash flow ratio of 14.34 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.
In the three months ended June 29, 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 June 29 was 0.13, and the total debt-to-equity ratio was 0.15. On the profitability front, the trailing twelve-month gross margin is 39.20% percent. In the year ended June 29, operating margins totaled 17.20%. 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 22.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CVX’s revenue rose 32.91% to $68.76 billion during the quarter, while net income inched up to $66.64 billion. While analysts expected Chevron Corporation to report $5.1 quarterly earnings, the actual figure was $5.82 per share, beating the consensus estimate by 14.10%. During the quarter, the company generated $19.14 billion in EBITDA. The liabilities of Chevron Corporation were 100.11 billion at the end of its most recent quarter ended June 29, and its total debt was $26.24 billion. The value of shareholders’ equity is $1.93 billion.
This quick technical analysis looks at Chevron Corporation’s (CVX) price momentum. With a historical volatility rate of 23.41%, the RSI 9-day stood at 55.72% on 23 November.
With respect to its five-day moving average, the current Chevron Corporation price is down by -0.41% percent or -$0.75. At present, CVX shares trade +4.04% above its 20-day simple moving average and +29.15% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.84% above its SMA50 and +35.03% above its SMA200.
Stochastic coefficient K was 57.50% and Stochastic coefficient D was 52.35%, while ATR was 4.72. Given the Stochastic reading of 60.75% for the 14-day period, the RSI (14) reading has been calculated as 58.65%. As of today, the MACD Oscillator reading stands at -1.15, while the 14-day reading stands at -0.36.
Chevron Corporation downgraded its rating on Chevron Corporation (NYSE: CVX) to a Hold in a note to investors on October 24, 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 13 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 12 recommending it as overweight.
With a median target price of $194.00, the current consensus forecast for the stock is $143.00 – $215.00. Based on these forecasts, analysts predict Chevron Corporation (CVX) will achieve an average price target of $191.63.