At the time of writing, Chevron Corp. [CVX] stock is trading at $153.89, up 1.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CVX shares have gain 3.75% over the last week, with a monthly amount glided 1.19%, and seem to be holding up well over a long-time horizon.
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
On 4, March 2024, Bunge Chevron Ag Renewables to Build New Oilseed Processing Plant in Destrehan, Louisiana. In a post published today on Yahoo Finance, Bunge (NYSE:BG) and Chevron (NYSE: CVX) today announced approval of a final investment decision for their joint venture Bunge Chevron Ag Renewables LLC to build a new oilseed processing plant adjacent to its existing processing facility located on the Gulf Coast in Destrehan, LA. The announcement was celebrated with a groundbreaking event at the site.
From an analyst’s perspective:
Chevron Corp. [NYSE: CVX] stock has seen the most recent analyst activity on February 06, 2024, when DZ Bank downgraded its rating to a Hold but kept the price target unchanged to $160 for it. Previously, TD Cowen downgraded its rating to Market Perform on January 23, 2024, and dropped its price target to $150. On January 16, 2024, downgrade downgraded it’s rating to Sector Perform. Jefferies upgraded its rating to a Buy but stick to its price target of $184 on January 08, 2024. Bernstein upgraded its rating to a Outperform and reduced its price target to $182 on November 02, 2023. BofA Securities upgraded its rating to Buy for this stock on October 30, 2023, and upped its price target to $200. In a note dated October 17, 2023, Bernstein initiated an Mkt Perform rating and provided a target price of $184 on this stock.
For the past year, the stock price of Chevron Corp. fluctuated between $139.62 and $172.88. Currently, Wall Street analysts expect the stock to reach $173.52 within the next 12 months. Chevron Corp. [NYSE: CVX] shares were valued at $153.89 at the most recent close of the market. An investor can expect a potential return of 12.76% based on the average CVX price forecast.
Analyzing the CVX fundamentals
According to Chevron Corp. [NYSE:CVX], the company’s sales were 197.22B for trailing twelve months, which represents an -10.10% plunge. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.12 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 153.07 points at the first support level, and at 152.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 154.80, and for the 2nd resistance point, it is at 155.70.
Chevron Corp. [CVX] reported earnings per share of $3.45 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.21/share, meaning a difference of $0.24 and a surprise factor of 7.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.05 per share as compared to estimates of $3.75 per share, a difference of -$0.7 representing a surprise of -18.70%.
Ratios To Look Out For
It is important to note that Chevron Corp. [NYSE:CVX] has a current ratio of 1.27. Also, the Quick Ratio is 1.01, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 1.78 and price to earnings (TTM) ratio is 13.56.
Transactions by insiders
Recent insider trading involved Breber Pierre R, VP & Chief Financial Officer, that happened on Aug 11 ’23 when 25000.0 shares were sold. Vice President, GUSTAVSON JEFF B completed a deal on Aug 03 ’23 to sell 3750.0 shares.
