A share price of Chevron Corp. [CVX] is currently trading at $156.28, down -0.83%. An important factor to consider is whether the stock is rising or falling in short-term value. The CVX shares have lost -3.53% over the last week, with a monthly amount glided 0.47%, 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
From an analyst’s perspective:
Chevron Corp. [NYSE: CVX] stock has seen the most recent analyst activity on April 11, 2024, when Scotiabank upgraded its rating to a Sector Outperform but kept the price target unchanged to $195 for it. Previously, Barclays started tracking the stock with Overweight rating on April 10, 2024, and set its price target to $203. On February 06, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $160 on the stock. TD Cowen downgraded its rating to a Market Perform and decreased its price target to $150 on January 23, 2024. Scotiabank downgraded its rating to a Sector Perform. Jefferies upgraded its rating to Buy for this stock on January 08, 2024, but kept the price target unchanged to $184. In a note dated November 02, 2023, Bernstein upgraded an Outperform rating on this stock and revised its target price from $184 to $182.
Chevron Corp. experienced fluctuations in its stock price throughout the past year between $139.62 and $172.54. Currently, Wall Street analysts expect the stock to reach $175.78 within the next 12 months. Chevron Corp. [NYSE: CVX] shares were valued at $156.28 at the most recent close of the market. An investor can expect a potential return of 12.48% based on the average CVX price forecast.
Analyzing the CVX fundamentals
Trailing Twelve Months sales for Chevron Corp. [NYSE:CVX] were 197.22B which represents -10.10% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.14.
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 155.20 points at the first support level, and at 154.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.59, and for the 2nd resistance point, it is at 158.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Chevron Corp. [NYSE:CVX] is 1.27. On the other hand, the Quick Ratio is 1.01, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.47, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 13.77.
Transactions by insiders
Recent insider trading involved Knowles Alana K, VP and Controller, that happened on Apr 02 ’24 when 2800.0 shares were sold. VP & Chief Financial Officer, Breber Pierre R completed a deal on Aug 11 ’23 to sell 25000.0 shares. Meanwhile, Vice President GUSTAVSON JEFF B sold 3750.0 shares on Aug 03 ’23.
