Chevron Corp. [NYSE: CVX] loss -1.81% on the last trading session, reaching $158.96 price per share at the time.
If compared to the average trading volume of 8.56M shares, CVX reached a trading volume of 11008505 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 Corp. [CVX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVX shares is $180.25 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 1.81. 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.
Scotiabank have made an estimate for Chevron Corp. shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on April 11, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on April 10, 2024, representing the official price target for Chevron Corp. stock. Previously, the target price had yet another raise to $160, while DZ Bank analysts kept a Hold rating on CVX stock. On January 23, 2024, analysts decreased their price target for CVX shares from 170 to 150.
The Average True Range (ATR) for Chevron Corp. is set at 2.55, with the Price to Sales ratio for CVX stock in the period of the last 12 months amounting to 1.50. The Price to Book ratio for the last quarter was 1.84, with the Price to Cash per share for the same quarter was set at 4.58. Price to Free Cash Flow for CVX in the course of the last twelve months was 14.41 with Quick ratio for the last quarter at 1.01.
Trading performance analysis for CVX stock
Chevron Corp. [CVX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.63. With this latest performance, CVX shares gained by 3.29% in over the last four-week period, additionally sinking by -1.33% over the last 6 months – not to mention a drop of -6.40% 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 55.12, with the RSI for the last a single of trading hit 49.55, and the three-weeks RSI is set at 56.70 for Chevron Corp. [CVX]. The present Moving Average for the last 50 days of trading for this stock 154.67, while it was recorded at 161.36 for the last single week of trading, and 154.93 for the last 200 days.
Chevron Corp. [CVX]: A deeper dive into fundamental analysis
Chevron Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.01 and a Current Ratio set at 1.27.
Chevron Corp. [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 Corp. go to 1.90%.
An analysis of Institutional ownership at Chevron Corp. [CVX]
The top three institutional holders of CVX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CVX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CVX stock with ownership which is approximately 5.8386%.
