Chevron Corporation (NYSE:CVX) saw a downside of -0.15% to close Tuesday at $159.65 after subtracting -$0.24 on the day. The 5-day average trading volume is 8,863,440 shares of the company’s common stock. It has gained $163.02 in the past week and touched a new high 3 times within the past 5 days. An average of 7,679,085 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,973,182.
CVX’s 1-month performance is 2.83% or $5.43 on its low of $152.37 reached on 07/18/23. The company’s shares have touched a 52-week low of $140.46 and high of $189.68, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, CVX has lost -11.05% or -$19.84 and has reached a new high 6 times. However, the current price is down -15.83% from the 52-week high price.
Insider Transactions
CVX stock investors last saw insider trading activity on Aug 03.GUSTAVSON JEFF B (Vice President) most recently sold 3,750 shares at $160.88 per share on Aug 03. This transaction cost the insider $603,300. Vice President, MORRIS RHONDA J, sold 19,666 shares at a price of $170.00 on Feb 07. Then, on Nov 30, Executive Vice President JOHNSON JAMES WILLIAM sold 37,300 shares at a price of $182.31 per share. This transaction amounted to $6,800,230.
Valuation Metrics
CVX stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.38 while the price-to-book (PB) in the most recent quarter is 1.88, with the price to cash flow ratio at 17.96.
Chevron Corporation’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.13, while the total debt to equity was 0.14.. In terms of profitability, the gross margin trailing 12 months is 38.70%. The trailing 12-month EBITDA margin is 24.26% while for the period ending June 29, Chevron Corporation’s operating margin was 16.80%. The firm’s gross profit as reported stood at $96.8 billion against revenue of $246.25 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Chevron Corporation’s cash and short-term investments amounted to $318.0 million against total debt of $21.51 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -93.38% to $6.01 billion, while revenue of $6.57 billion was -9.38% off the previous quarter. Analysts expected CVX to announce $2.7 per share in earnings in its latest quarter, but it posted $2.8, representing a 3.70% surprise. EBITDA for the quarter stood at more than $11.48 billion. CVX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 92.48 billion, with total debt at $21.51 billion. Shareholders hold equity totaling $1.87 billion.
Let’s look briefly at Chevron Corporation (CVX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 51.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.41%.
The stock’s 5-day moving average is $159.65, reflecting a -1.63% or -$2.65 change from its current price. CVX is currently trading +0.97% above its 20-day SMA, +3.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.29% and SMA200 by-4.97%.
Stochastic %K and %D was 56.07% and 59.64% and the average true range (ATR) pointed at 3.30. The RSI (14) points at 52.71%, while the 14-day stochastic is at 47.30% with the period’s ATR at 3.23. The stock’s 9-day MACD Oscillator is pointing at -0.69 and -0.64 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Chevron Corporation (NYSE: CVX), Goldman upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CVX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CVX as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.
