Chevron Corporation [NYSE: CVX] slipped around -1.96 points on Wednesday, while shares priced at $101.97 at the close of the session, down -1.89%. The company report on July 8, 2021 that Employee Spotlight: Colby Hall – Lowering Carbon Intensity.
Northampton, MA –News Direct– Chevron Corporation.
Chevron believes the future of energy is lower carbon. That’s why Chevron has committed $3 billion by 2028 to advance our energy transition strategy. Chevron is lowering carbon intensity, increasing renewables and offsets in support of their business and investing in low-carbon technologies.
Chevron Corporation stock is now 20.75% up from its year-to-date (YTD) trading value. CVX Stock saw the intraday high of $105.32 and lowest of $101.72 per share. The company’s 52-week high price is 113.11, which means current price is +21.55% above from all time high which was touched on 05/10/21.
Compared to the average trading volume of 9.77M shares, CVX reached a trading volume of 9188557 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Chevron Corporation [CVX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVX shares is $121.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CVX stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Chevron Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 12, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $117 to $113. The new note on the price target was released on April 06, 2021, representing the official price target for Chevron Corporation stock. Previously, the target price had yet another raise to $124, while DZ Bank analysts kept a Buy rating on CVX stock.
The Average True Range (ATR) for Chevron Corporation is set at 2.22, with the Price to Sales ratio for CVX stock in the period of the last 12 months amounting to 2.01. The Price to Book ratio for the last quarter was 1.48, with the Price to Cash per share for the same quarter was set at 3.74.
How has CVX stock performed recently?
Chevron Corporation [CVX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.93. With this latest performance, CVX shares dropped by -5.56% in over the last four-week period, additionally plugging by 9.25% over the last 6 months – not to mention a rise of 15.42% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CVX stock in for the last two-week period is set at 39.68, with the RSI for the last a single of trading hit 35.23, and the three-weeks RSI is set at 42.79 for Chevron Corporation [CVX]. The present Moving Average for the last 50 days of trading for this stock 106.26, while it was recorded at 103.37 for the last single week of trading, and 94.71 for the last 200 days.
Chevron Corporation [CVX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Chevron Corporation [CVX] shares currently have an operating margin of -3.56 and a Gross Margin at +6.42. Chevron Corporation’s Net Margin is presently recorded at -5.87.
Return on Total Capital for CVX is now -1.88, given the latest momentum, and Return on Invested Capital for the company is -3.19. Return on Equity for this stock declined to -4.02, with Return on Assets sitting at -2.32. When it comes to the capital structure of this company, Chevron Corporation [CVX] has a Total Debt to Total Equity ratio set at 36.62. Additionally, CVX Total Debt to Total Capital is recorded at 26.80, with Total Debt to Total Assets ending up at 20.11. Long-Term Debt to Equity for the company is recorded at 34.46, with the Long-Term Debt to Total Capital now at 25.22.
Reflecting on the efficiency of the workforce at the company, Chevron Corporation [CVX] managed to generate an average of -$116,118 per employee. Receivables Turnover for the company is 7.61 with a Total Asset Turnover recorded at a value of 0.40.Chevron Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.
Earnings analysis for Chevron Corporation [CVX]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CVX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chevron Corporation go to -4.90%.
Insider trade positions for Chevron Corporation [CVX]
There are presently around $132,687 million, or 68.20% of CVX stock, in the hands of institutional investors. The top three institutional holders of CVX stocks are: VANGUARD GROUP INC with ownership of 156,074,551, which is approximately -1.088% of the company’s market cap and around 0.04% of the total institutional ownership; STATE STREET CORP, holding 137,796,337 shares of the stock with an approximate value of $14.05 billion in CVX stocks shares; and BLACKROCK INC., currently with $13.46 billion in CVX stock with ownership of nearly 4.095% of the company’s market capitalization.
Positions in Chevron Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,446 institutional holders increased their position in Chevron Corporation [NYSE:CVX] by around 84,013,084 shares. Additionally, 1,008 investors decreased positions by around 65,822,321 shares, while 240 investors held positions by with 1,151,397,423 shares. The mentioned changes placed institutional holdings at 1,301,232,828 shares, according to the latest SEC report filing. CVX stock had 214 new institutional investments in for a total of 8,083,886 shares, while 108 institutional investors sold positions of 4,502,404 shares during the same period.