As of Friday close, Chevron Corporation’s (NYSE:CVX) stock was down -$0.36, moving down -0.23 percent to $159.31. The average number of shares traded per day over the past five days has been 8,907,200 shares. 1 time new highs have been achieved over the past 5 days, with a $0.44 gain in that time frame. In the last twenty days, the average volume was 7,171,630, while in the previous 50 days, it was 7,847,642.
Since last month, CVX stock rose 4.21%. Shares of the company fell to $151.63 on 07/06/23, the lowest level in the past month. A 52-week high of $189.68 was reached on 01/26/23 after having rallying from a 52-week low of $140.46. Since the beginning of this year, CVX’s stock price has dropped by -11.24% or -$20.18, and marked a new high 6 times. However, the stock has declined by -16.01% since its 52-week high.
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CVX stock investors should be aware that Chevron Corporation (CVX) stock had its last reported insider trading activity 179 days ago on Feb 07. MORRIS RHONDA J, the Vice President of the company, disposed of 19,666 shares for $170.00 on Feb 07. It resulted in a $3,343,281 divestment by the insider. JOHNSON JAMES WILLIAM sold 37,300 shares at an average price of $182.31 on Nov 30. The insider now owns 0 shares following the transaction. On Nov 29, Executive Vice President JOHNSON JAMES WILLIAM sold 2,900 shares at $181.77 apiece. The transaction was valued at $527,146.
Valuation Metrics
Right now, Chevron Corporation (CVX) has a P/E ratio of about 8.61. The stock’s beta is 1.17. Besides these, the trailing price-to-sales (P/S) ratio of 1.29, the price-to-book (PB) ratio of 1.89, and the price-to-cash flow ratio of 12.16 may also be considered.
The latest dividend of $1.51 per share was paid out, remained unchanged from last year’s $1.51.
Financial Health
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 38.80% percent. In the year ended June 29, EBITDA margin amounted to 24.26%, whereas operating margins totaled 18.40%. Based on annual data, CVX earned $96.8 billion in gross profit and brought in $246.25 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 15.20%. Return on equity (ROE) for the past 12 months was 22.70%.
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 fell -40.63% to $50.79 billion during the quarter, while net income inched up to $48.9 billion. While analysts expected Chevron Corporation to report $2.97 quarterly earnings, the actual figure was $3.08 per share, beating the consensus estimate by 3.70%. During the quarter, the company generated $11.48 billion in EBITDA. The liabilities of Chevron Corporation were 92.48 billion at the end of its most recent quarter ended June 29, and its total debt was $23.21 billion. The value of shareholders’ equity is $1.87 billion.
Technical Picture
This quick technical analysis looks at Chevron Corporation’s (CVX) price momentum. With a historical volatility rate of 19.72%, the RSI 9-day stood at 50.54% on 04 August.
With respect to its five-day moving average, the current Chevron Corporation price is up by +0.28% percent or $0.44. At present, CVX shares trade +3.30% above its 20-day simple moving average and +0.38% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.57% above its SMA50 and -1.24% below its SMA200.
Stochastic coefficient K was 61.70% and Stochastic coefficient D was 71.19%, while ATR was 3.37. Given the Stochastic reading of 59.47% for the 14-day period, the RSI (14) reading has been calculated as 52.04%. As of today, the MACD Oscillator reading stands at -1.22, while the 14-day reading stands at 0.11.
Analyst Ratings
Goldman upgraded its rating on Chevron Corporation (NYSE: CVX) to a Buy in a note to investors on July 31, 2023. The analysts firm previously had a Neutral rating on the stock.Chevron Corporation (CVX) has been rated Overweight by analysts. According to 0 brokerage firms, 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 2 analysts rate Chevron Corporation stock as buy, with 14 recommending it as overweight.
With a median target price of $180.50, the current consensus forecast for the stock is $165.00 – $207.00. Based on these forecasts, analysts predict Chevron Corporation (CVX) will achieve an average price target of $184.27.
