Chevron Corp. [CVX] stock prices are up 0.38% to $143.96 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CVX shares have gain 4.41% over the last week, with a monthly amount drifted -1.95%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Bernstein downgraded its rating to Mkt Perform on July 17, 2024, and dropped its price target to $167. On April 29, 2024, TD Cowen reiterated its Hold rating and revised its price target to $160 on the stock. Scotiabank upgraded its rating to a Sector Outperform but stick to its price target of $195 on April 11, 2024. Barclays initiated its recommendation with a Overweight and recommended $203 as its price target on April 10, 2024. DZ Bank downgraded its rating to Hold for this stock on February 06, 2024, but kept the price target unchanged to $160. In a note dated January 23, 2024, TD Cowen downgraded an Market Perform rating on this stock and revised its target price from $170 to $150.
The stock price of Chevron Corp. [CVX] has been fluctuating between $135.37 and $171.70 over the past year. Currently, Wall Street analysts expect the stock to reach $174.93 within the next 12 months. Chevron Corp. [NYSE: CVX] shares were valued at $143.96 at the most recent close of the market. An investor can expect a potential return of 21.51% based on the average CVX price forecast.
Analyzing the CVX fundamentals
The Chevron Corp. [NYSE:CVX] reported sales of 197.53B for trailing twelve months, representing a surge of 5.34%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 142.90 points at the first support level, and at 141.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 145.31, and for the 2nd resistance point, it is at 146.66.
Ratios To Look Out For
It’s worth pointing out that Chevron Corp. [NYSE:CVX]’s Current Ratio is 1.16. As well, the Quick Ratio is 0.85, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 1.65 and price to earnings (TTM) ratio is 14.28.
Transactions by insiders
Recent insider trading involved GUSTAVSON JEFF B, Vice President, that happened on May 21 ’24 when 3750.0 shares were sold. Director, HERNANDEZ ENRIQUE JR completed a deal on May 10 ’24 to sell 2549.0 shares. Meanwhile, Director HERNANDEZ ENRIQUE JR sold 5098.0 shares on May 06 ’24.
