Chevron Corporation [CVX] Revenue clocked in at $235.72 billion, down -5.49% YTD: What’s Next?

Chevron Corporation [NYSE: CVX] gained 0.11% on the last trading session, reaching $169.64 price per share at the time. The company report on February 6, 2023 that Advisory: 2023 Chevron Investor Day.

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Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its annual investor day on Tuesday, February 28, 2023, at 8:30 a.m. ET (5:30 a.m. PT).

The meeting will include presentations and Q&A hosted by several members of our Executive Leadership Team including our Chairman and Chief Executive Officer, Mike Wirth, to allow you to gain further insight into our business.

Chevron Corporation represents 1.93 billion in outstanding shares, while the company has a total market value of $327.17 billion with the latest information. CVX stock price has been found in the range of $167.37 to $170.12.

If compared to the average trading volume of 8.22M shares, CVX reached a trading volume of 7656581 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $193.96 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 2.60. 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.

Mizuho have made an estimate for Chevron Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price from $190 to $191. The new note on the price target was released on January 06, 2023, representing the official price target for Chevron Corporation stock. Previously, the target price had yet another raise to $190, while Exane BNP Paribas analysts kept a Underperform rating on CVX stock.

The Average True Range (ATR) for Chevron Corporation is set at 4.38, with the Price to Sales ratio for CVX stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 2.07, with the Price to Cash per share for the same quarter was set at 8.00. Price to Free Cash Flow for CVX in the course of the last twelve months was 16.72 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for CVX stock

Chevron Corporation [CVX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.62. With this latest performance, CVX shares dropped by -3.20% in over the last four-week period, additionally plugging by 10.41% over the last 6 months – not to mention a rise of 26.41% 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 40.35, with the RSI for the last a single of trading hit 35.78, and the three-weeks RSI is set at 43.35 for Chevron Corporation [CVX]. The present Moving Average for the last 50 days of trading for this stock 176.11, while it was recorded at 170.70 for the last single week of trading, and 165.23 for the last 200 days.

Chevron Corporation [CVX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Chevron Corporation [CVX] shares currently have an operating margin of +16.82 and a Gross Margin at +18.53. Chevron Corporation’s Net Margin is presently recorded at +15.05.

Return on Equity for this stock inclined to 23.77, with Return on Assets sitting at 14.26.

Chevron Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.40.

Chevron Corporation [CVX]: An earnings per share (EPS) analysis

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 -2.10%.

An analysis of insider ownership at Chevron Corporation [CVX]

There are presently around $229,515 million, or 72.00% of CVX stock, in the hands of institutional investors. The top three institutional holders of CVX stocks are: BERKSHIRE HATHAWAY INC with ownership of 165,359,318, which is approximately 2.428% of the company’s market cap and around 0.08% of the total institutional ownership; VANGUARD GROUP INC, holding 159,334,955 shares of the stock with an approximate value of $27.03 billion in CVX stocks shares; and BLACKROCK INC., currently with $22.04 billion in CVX stock with ownership of nearly -4.988% 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 1,584 institutional holders increased their position in Chevron Corporation [NYSE:CVX] by around 47,100,809 shares. Additionally, 1,334 investors decreased positions by around 56,109,883 shares, while 323 investors held positions by with 1,249,744,874 shares. The mentioned changes placed institutional holdings at 1,352,955,566 shares, according to the latest SEC report filing. CVX stock had 211 new institutional investments in for a total of 4,434,731 shares, while 80 institutional investors sold positions of 2,490,039 shares during the same period.


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