Chevron Corp. [NYSE: CVX] gained 0.02% or 0.03 points to close at $145.02 with a heavy trading volume of 8351111 shares.
The daily chart for CVX points out that the company has recorded -3.99% loss over the past six months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If we look at the average trading volume of 7.17M shares, CVX reached to a volume of 8351111 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 $178.08 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.
Wolfe Research have made an estimate for Chevron Corp. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, Bernstein dropped their target price from $183 to $167. The new note on the price target was released on July 17, 2024, representing the official price target for Chevron Corp. stock. Previously, the target price had yet another raise from $155 to $160, while TD Cowen kept a Hold rating on CVX stock.
The Average True Range (ATR) for Chevron Corp. is set at 3.59, with the Price to Sales ratio for CVX stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 1.67, with the Price to Cash per share for the same quarter was set at 2.27. Price to Free Cash Flow for CVX in the course of the last twelve months was 13.99 with Quick ratio for the last quarter at 0.85.
Trading performance analysis for CVX stock
Chevron Corp. [CVX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.25. With this latest performance, CVX shares dropped by -6.79% in over the last four-week period, additionally sinking by -3.99% over the last 6 months – not to mention a drop of -9.83% 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 35.30, with the RSI for the last a single of trading hit 32.96, and the three-weeks RSI is set at 37.51 for Chevron Corp. [CVX]. The present Moving Average for the last 50 days of trading for this stock 154.81, while it was recorded at 144.03 for the last single week of trading, and 153.01 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 0.85 and a Current Ratio set at 1.16.
Chevron Corp. [CVX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Chevron Corp. posted 3.05/share EPS, while the average EPS was predicted by analysts to be reported at 3.75/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.70%. 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 3.60%.
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 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CVX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CVX stock with ownership which is approximately 5.1238%.
