Chevron Corp. (NYSE:CVX) saw an upside of 1.37% to $168.57 after adding $2.29 on Monday. The 5-day average trading volume is 5,661,971 shares of the company’s common stock. It has gained $168.96 in the past week and touched a new high 1 time within the past 5 days. An average of 7,165,523 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,326,939.
CVX’s 1-month performance is 6.73% or $9.27 on its low of $159.10 reached on 08/29/23. 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 -6.09% or -$11.10 and has reached a new high 6 times. However, the current price is down -11.13% from the 52-week high price.
Insider Transactions
CVX stock investors last saw insider trading activity on Aug 11.Breber Pierre R (VP & Chief Financial Officer) most recently sold 25,000 shares at $164.00 per share on Aug 11. This transaction cost the insider $4,100,000. Vice President, GUSTAVSON JEFF B, sold 3,750 shares at a price of $160.88 on Aug 03. Then, on Feb 07, Vice President MORRIS RHONDA J sold 19,666 shares at a price of $170.00 per share. This transaction amounted to $3,343,281.
Valuation Metrics
CVX stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.50 while the price-to-book (PB) in the most recent quarter is 1.99, with the price to cash flow ratio at 11.43.
Chevron Corp.’s quick ratio for the period ended June 29 was 1.13, with the current ratio over the same period at 1.43. 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 19.11%. The trailing 12-month EBITDA margin is 24.26% while for the period ending June 29, Chevron Corp.’s operating margin was 15.64%. 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, 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 $2.79 per share in earnings in its latest quarter, but it posted $2.89, representing a 3.60% 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 Corp. (CVX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 64.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 10.18%.
The stock’s 5-day moving average is $166.75, reflecting a +0.70% or $1.17 change from its current price. CVX is currently trading +5.83% above its 20-day SMA, +5.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.64% and SMA200 by-2.10%.
Stochastic %K and %D was 62.33% and 61.54% and the average true range (ATR) pointed at 2.54. The RSI (14) points at 62.48%, while the 14-day stochastic is at 90.64% with the period’s ATR at 2.61. The stock’s 9-day MACD Oscillator is pointing at -0.15 and 0.05 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Chevron Corp. (NYSE: CVX), Mizuho 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 15 have offered a “buy” rating.
What is CVX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $165.00 and a high of $215.00, with their median price target at $180.00. Looking at these predictions, the average price target given by analysts is for Chevron Corp. (CVX) stock is $185.47.
