Chevron Corp. [NYSE: CVX] traded at a low on Monday, posting a -0.18 loss after which it closed the day’ session at $150.54.
The results of the trading session contributed to over 8888473 shares changing hands. Over the past one week, the price volatility of Chevron Corp. stands at 1.26% while the volatility over the past one month is 1.51%.
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The market cap for CVX stock reached $275.33 billion, with 1.87 billion shares outstanding and 1.83 billion shares in the current float. Compared to the average trading volume of 7.27M shares, CVX reached a trading volume of 8888473 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $167.24 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.
BofA Securities have made an estimate for Chevron Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 17, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on July 18, 2024, representing the official price target for Chevron Corp. stock. Previously, the target price had yet another drop from $183 to $167, while Bernstein kept a Mkt Perform rating on CVX stock. On April 29, 2024, analysts increased their price target for CVX shares from 155 to 160.
The Average True Range (ATR) for Chevron Corp. is set at 2.41, 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 1.73, 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 14.53 with Quick ratio for the last quarter at 0.85.
How has CVX stock performed recently?
Chevron Corp. [CVX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.23. With this latest performance, CVX shares gained by 3.47% in over the last four-week period, additionally sinking by -9.49% over the last 6 months – not to mention a drop of -2.72% 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 55.23, with the RSI for the last a single of trading hit 54.77, and the three-weeks RSI is set at 54.14 for Chevron Corp. [CVX]. The present Moving Average for the last 50 days of trading for this stock 146.64, while it was recorded at 150.64 for the last single week of trading, and 152.99 for the last 200 days.
Chevron Corp. [CVX]: Deeper insight into the 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.
Earnings analysis for Chevron Corp. [CVX]
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 3.72%.
Insider trade positions for Chevron Corp. [CVX]
There are presently around $69.48%, or 74.34%% 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%.
