Chevron Corp [CVX] stock is trading at $161.80, up 1.94%. An important factor to consider is whether the stock is rising or falling in short-term value. The CVX shares have gain 3.21% over the last week, with a monthly amount glided 8.79%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Chevron Corp [NYSE: CVX] stock has seen the most recent analyst activity on November 05, 2024, when DZ Bank upgraded its rating to a Buy but kept the price target unchanged to $170 for it. Bernstein downgraded its rating to a Mkt Perform and decreased its price target to $167 on July 17, 2024. TD Cowen reiterated its recommendation of a Hold and raised its price target to $160 on April 29, 2024. Scotiabank upgraded its rating to Sector Outperform for this stock on April 11, 2024, but kept the price target unchanged to $195. In a note dated April 10, 2024, Barclays initiated an Overweight rating and provided a target price of $203 on this stock.
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 $173.19 within the next 12 months. Chevron Corp [NYSE: CVX] shares were valued at $161.80 at the most recent close of the market. An investor can expect a potential return of 7.04% based on the average CVX price forecast.
Analyzing the CVX fundamentals
Chevron Corp [NYSE:CVX] reported sales of 193.86B for the trailing twelve months, which represents a drop of -7.02%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.1. 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 160.38 points at the first support level, and at 158.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 162.53, and for the 2nd resistance point, it is at 163.25.
Ratios To Look Out For
For context, Chevron Corp’s Current Ratio is 1.07. On the other hand, the Quick Ratio is 0.80, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 1.86 and price to earnings (TTM) ratio is 17.81.
Transactions by insiders
Recent insider trading involved MICHAEL K WIRTH, Director, that happened on Nov 14 ’24 when 0.16 million shares were purchased. Vice President, GUSTAVSON JEFF B completed a deal on May 21 ’24 to sell 3750.0 shares. Meanwhile, Director HERNANDEZ ENRIQUE JR sold 2549.0 shares on May 10 ’24.
