At the time of writing, Chevron Corp [CVX] stock is trading at $160.76, down -0.41%. 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 2.72% over the last week, with a monthly amount glided 6.64%, 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.
For the past year, the stock price of Chevron Corp fluctuated between $135.37 and $167.11. Currently, Wall Street analysts expect the stock to reach $173.19 within the next 12 months. Chevron Corp [NYSE: CVX] shares were valued at $160.76 at the most recent close of the market. An investor can expect a potential return of 7.73% based on the average CVX price forecast.
Analyzing the CVX fundamentals
According to Chevron Corp [NYSE:CVX], the company’s sales were 193.86B for trailing twelve months, which represents an -7.02% plunge. Gross Profit Margin for this corporation currently stands at 0.3% 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 159.38 points at the first support level, and at 158.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 161.83, and for the 2nd resistance point, it is at 162.90.
Ratios To Look Out For
It is important to note that Chevron Corp [NYSE:CVX] has a current ratio of 1.07. In addition, the Quick Ratio stands at 0.80 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 1.49, the price to book ratio is 1.85 and price to earnings (TTM) ratio is 17.69.
Transactions by insiders
Recent insider trading involved Wirth Michael K, Chairman and CEO, that happened on Nov 14 ’24 when 0.16 million shares were sold. Director, MICHAEL K WIRTH completed a deal on Nov 14 ’24 to buy 0.16 million shares. Meanwhile, Vice President GUSTAVSON JEFF B sold 3750.0 shares on May 21 ’24.
