Chevron Corporation [NYSE: CVX] surged by $1.91 during the normal trading session on Monday and reaching a high of $119.69 during the day while it closed the day at $119.26. The company report on December 29, 2021 that Designing for a Lower Carbon Future.
Northampton, MA –News Direct– Chevron Corporation.
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“Colorful Colorado” is just one way to describe this state graced with the magnificent scenery of mountains, rivers and plains. Maintaining that beauty is one of the reasons Chevron’s Rockies Business Unit is reimagining what responsibly producing oil and gas looks like, with the goal of a lower carbon future.
Chevron Corporation stock has also gained 0.40% of its value over the past 7 days. However, CVX stock has inclined by 13.88% in the 3 months of the year. Over the past six months meanwhile, it has gained 14.68% and gained 1.63% year-on date.
The market cap for CVX stock reached $229.34 billion, with 1.92 billion shares outstanding and 1.90 billion shares in the current float. Compared to the average trading volume of 10.29M shares, CVX reached a trading volume of 10550488 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $129.55 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.
Tudor Pickering Holt & Co. have made an estimate for Chevron Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 30, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $130 to $145. The new note on the price target was released on November 24, 2021, representing the official price target for Chevron Corporation stock. Previously, the target price had yet another raise to $125, while UBS analysts kept a Buy rating on CVX stock.
The Average True Range (ATR) for Chevron Corporation is set at 2.29, with the Price to Sales ratio for CVX stock in the period of the last 12 months amounting to 1.70. The Price to Book ratio for the last quarter was 1.68, with the Price to Cash per share for the same quarter was set at 3.14. Price to Free Cash Flow for CVX in the course of the last twelve months was 52.45 with Quick ratio for the last quarter at 1.00.
CVX stock trade performance evaluation
Chevron Corporation [CVX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.40. With this latest performance, CVX shares gained by 3.58% in over the last four-week period, additionally plugging by 14.68% over the last 6 months – not to mention a rise of 40.79% 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 60.67, with the RSI for the last a single of trading hit 64.18, and the three-weeks RSI is set at 59.34 for Chevron Corporation [CVX]. The present Moving Average for the last 50 days of trading for this stock 115.38, while it was recorded at 118.11 for the last single week of trading, and 106.31 for the last 200 days.
Chevron Corporation [CVX]: An insightful look at the core 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 1.00 and a Current Ratio set at 1.30.
Earnings per share (EPS) analysis for Chevron Corporation [CVX] stock
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%.
Chevron Corporation [CVX]: Insider Ownership positions
There are presently around $148,522 million, or 67.40% of CVX stock, in the hands of institutional investors. The top three institutional holders of CVX stocks are: VANGUARD GROUP INC with ownership of 161,747,748, which is approximately 0.152% of the company’s market cap and around 0.04% of the total institutional ownership; STATE STREET CORP, holding 140,231,778 shares of the stock with an approximate value of $16.46 billion in CVX stocks shares; and BLACKROCK INC., currently with $15.1 billion in CVX stock with ownership of nearly -5.631% of the company’s market capitalization.
Positions in Chevron Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 1,322 institutional holders increased their position in Chevron Corporation [NYSE:CVX] by around 44,786,352 shares. Additionally, 1,071 investors decreased positions by around 58,027,331 shares, while 275 investors held positions by with 1,162,814,847 shares. The mentioned changes placed institutional holdings at 1,265,628,530 shares, according to the latest SEC report filing. CVX stock had 118 new institutional investments in for a total of 5,537,640 shares, while 107 institutional investors sold positions of 6,013,951 shares during the same period.