Chevron Corp. [NYSE: CVX] stock went on an upward path that rose over 0.60% on Monday, amounting to a one-week price increase of more than 1.14%.
Over the last 12 months, CVX stock dropped by -5.98%. The one-year Chevron Corp. stock forecast points to a potential upside of 16.05. The average equity rating for CVX stock is currently 1.78, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $271.59 billion, with 1.87 billion shares outstanding and 1.83 billion shares in the current float. Compared to the average trading volume of 7.24M shares, CVX stock reached a trading volume of 5774540 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $176.90 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 1.78. 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 2.81, with the Price to Sales ratio for CVX stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 1.71, 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 14.33 with Quick ratio for the last quarter at 0.85.
CVX Stock Performance Analysis:
Chevron Corp. [CVX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.14. With this latest performance, CVX shares dropped by -5.92% in over the last four-week period, additionally sinking by -3.85% over the last 6 months – not to mention a drop of -5.98% 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 48.52, with the RSI for the last a single of trading hit 54.51, and the three-weeks RSI is set at 46.38 for Chevron Corp. [CVX]. The present Moving Average for the last 50 days of trading for this stock 152.78, while it was recorded at 146.37 for the last single week of trading, and 152.92 for the last 200 days.
Insight into Chevron Corp. Fundamentals:
Chevron Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 1.16.
CVX Stock EPS
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 -0.7. 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%.
Chevron Corp. [CVX] Institutonal Ownership Details
There are presently around $69.36%, or 74.21%% of CVX stock, in the hands of institutional investors. The top three institutional holders of CVX stocks are: VANGUARD GROUP INC with ownership of 158.7 million shares, which is approximately 8.6138%. STATE STREET CORP, holding 158.23 million shares of the stock with an approximate value of $$24.75 billion in CVX stocks shares; and STATE STREET CORP, currently with $$20.0 billion in CVX stock with ownership which is approximately 6.9385%.
