Market Analysts see Chevron Corporation [CVX] gaining to $165. Time to buy?

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Chevron Corporation [NYSE: CVX] closed the trading session at $156.67 on 04/29/22. The day’s price range saw the stock hit a low of $156.29, while the highest price level was $162.44.

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The stocks have a year to date performance of 33.51 percent and weekly performance of -2.66 percent. The stock has been moved at 38.50 percent over the last six months. The stock has performed -5.32 percent around the most recent 30 days and changed 19.95 percent over the most recent 3-months.

If compared to the average trading volume of 16.33M shares, CVX reached to a volume of 14675621 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 $173.88 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 2.20. 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.

RBC Capital Mkts have made an estimate for Chevron Corporation shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on April 21, 2022. The new note on the price target was released on March 14, 2022, representing the official price target for Chevron Corporation stock. Previously, the target price had yet another raise to $169, while JP Morgan analysts kept a Underweight rating on CVX stock. On March 03, 2022, analysts increased their price target for CVX shares from 140 to 160.

The Average True Range (ATR) for Chevron Corporation is set at 4.71, with the Price to Sales ratio for CVX stock in the period of the last 12 months amounting to 2.04. The Price to Book ratio for the last quarter was 2.16, with the Price to Cash per share for the same quarter was set at 2.80. Price to Free Cash Flow for CVX in the course of the last twelve months was 72.69 with Quick ratio for the last quarter at 1.00.

CVX stock trade performance evaluation

Chevron Corporation [CVX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.66. With this latest performance, CVX shares dropped by -5.32% in over the last four-week period, additionally plugging by 38.50% over the last 6 months – not to mention a rise of 52.00% 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 41.74, with the RSI for the last a single of trading hit 36.91, and the three-weeks RSI is set at 46.12 for Chevron Corporation [CVX]. The present Moving Average for the last 50 days of trading for this stock 160.23, while it was recorded at 157.74 for the last single week of trading, and 124.06 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 +10.66 and a Gross Margin at +18.04. Chevron Corporation’s Net Margin is presently recorded at +10.00.

Return on Equity for this stock inclined to 11.54, with Return on Assets sitting at 6.52.

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 8.45%.

Chevron Corporation [CVX]: Insider Ownership positions

There are presently around $203,390 million, or 66.90% of CVX stock, in the hands of institutional investors. The top three institutional holders of CVX stocks are: VANGUARD GROUP INC with ownership of 163,400,131, which is approximately 1.022% of the company’s market cap and around 0.04% of the total institutional ownership; STATE STREET CORP, holding 138,896,127 shares of the stock with an approximate value of $21.76 billion in CVX stocks shares; and BLACKROCK INC., currently with $19.75 billion in CVX stock with ownership of nearly -2.047% of the company’s market capitalization.

Positions in Chevron Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,563 institutional holders increased their position in Chevron Corporation [NYSE:CVX] by around 57,998,317 shares. Additionally, 1,167 investors decreased positions by around 41,908,608 shares, while 282 investors held positions by with 1,198,300,716 shares. The mentioned changes placed institutional holdings at 1,298,207,641 shares, according to the latest SEC report filing. CVX stock had 345 new institutional investments in for a total of 7,738,063 shares, while 86 institutional investors sold positions of 3,120,587 shares during the same period.