Chevron Corp [NYSE: CVX] stock went on a downward path that fall over -1.23% on Monday, amounting to a one-week price decrease of less than -0.25%.
Over the last 12 months, CVX stock rose by 10.67%. The one-year Chevron Corp stock forecast points to a potential upside of 5.85. The average equity rating for CVX stock is currently 1.85, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $289.48 billion, with 1.87 billion shares outstanding and 1.80 billion shares in the current float. Compared to the average trading volume of 7.19M shares, CVX stock reached a trading volume of 10698511 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 $170.32 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 1.85. 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.
DZ Bank have made an estimate for Chevron Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 05, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on October 17, 2024, representing the official price target for Chevron Corp stock. On July 17, 2024, analysts decreased their price target for CVX shares from 183 to 167.
The Average True Range (ATR) for Chevron Corp is set at 2.46, with the Price to Sales ratio for CVX stock in the period of the last 12 months amounting to 1.49. 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 2.74. Price to Free Cash Flow for CVX in the course of the last twelve months was 15.07 with Quick ratio for the last quarter at 0.80.
CVX Stock Performance Analysis:
Chevron Corp [CVX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.25. With this latest performance, CVX shares gained by 6.33% in over the last four-week period, additionally plugging by 0.83% over the last 6 months – not to mention a rise of 10.67% 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 61.75, with the RSI for the last a single of trading hit 59.71, and the three-weeks RSI is set at 61.31 for Chevron Corp [CVX]. The present Moving Average for the last 50 days of trading for this stock 151.95, while it was recorded at 161.06 for the last single week of trading, and 153.90 for the last 200 days.
Insight into Chevron Corp Fundamentals:
Chevron Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.07.
CVX Stock EPS
With the latest financial reports released by the company, Chevron Corp posted 3.45/share EPS, while the average EPS was predicted by analysts to be reported at 3.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.23. 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 5.00%.
Chevron Corp [CVX] Institutonal Ownership Details
There are presently around $69.51%, or 74.47%% 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%.
