Chevron Corp [CVX] stock is trading at $153.97, up 0.59%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CVX shares have gain 2.28% over the last week, with a monthly amount glided 2.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On July 17, 2024, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $167 on the stock. TD Cowen reiterated its Hold rating and increased its price target to $160 on April 29, 2024. Scotiabank upgraded its rating to a Sector Outperform but $195 remained the price target by the analyst firm on April 11, 2024. Barclays started tracking with a Overweight rating for this stock on April 10, 2024, and assigned it a price target of $203. In a note dated February 06, 2024, DZ Bank downgraded an Hold rating on this stock but restated the target price of $160.
Chevron Corp [CVX] stock has fluctuated between $135.37 and $167.11 over the past year. Currently, Wall Street analysts expect the stock to reach $173 within the next 12 months. Chevron Corp [NYSE: CVX] shares were valued at $153.97 at the most recent close of the market. An investor can expect a potential return of 12.36% based on the average CVX price forecast.
Analyzing the CVX fundamentals
Chevron Corp [NYSE:CVX] reported sales of 194.12B for the trailing twelve months, which represents a drop of -6.53%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
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 152.92 points at the first support level, and at 151.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 154.72, and for the 2nd resistance point, it is at 155.47.
Ratios To Look Out For
For context, Chevron Corp’s Current Ratio is 1.16. In addition, the Quick Ratio stands at 0.85. Considering the valuation of this stock, the price to sales ratio is 1.49, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 16.95.
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.
