As of close of business last night, Chevron Corp.’s stock clocked out at $149.37, up 0.70% from its previous closing price of $148.33. In other words, the price has increased by $+1.04 from its previous closing price. On the day, 8534167 shares were traded.
Ratios:
To gain a deeper understanding of CVX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.15.
On January 23, 2024, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $170 to $150.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 11 ’23 when Breber Pierre R sold 25,000 shares for $164.00 per share. The transaction valued at 4,100,000 led to the insider holds 6,021 shares of the business.
GUSTAVSON JEFF B sold 3,750 shares of CVX for $603,300 on Aug 03 ’23. The Vice President now owns 1,718 shares after completing the transaction at $160.88 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CVX now has a Market Capitalization of 277.42B and an Enterprise Value of 290.03B. As of this moment, Chevron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.16, and their Forward P/E ratio for the next fiscal year is 10.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 1.73. Its current Enterprise Value per Revenue stands at 1.47 whereas that against EBITDA is 6.07.
Stock Price History:
Over the past 52 weeks, CVX has reached a high of $172.88, while it has fallen to a 52-week low of $139.62. The 50-Day Moving Average of the stock is 149.78, while the 200-Day Moving Average is calculated to be 154.74.
Shares Statistics:
It appears that CVX traded 9.40M shares on average per day over the past three months and 9.51M shares per day over the past ten days. A total of 1.87B shares are outstanding, with a floating share count of 1.86B. Insiders hold about 0.03% of the company’s shares, while institutions hold 73.35% stake in the company. Shares short for CVX as of Feb 15, 2024 were 53.05M with a Short Ratio of 5.64, compared to 43.75M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.86% and a Short% of Float of 2.86%.
Dividends & Splits
With its trailing 12-month dividend rate of 6.04, CVX has a forward annual dividend rate of 6.16. Against a Trailing Annual Dividend Yield of 4.07%, it implies a Forward Annual Dividend Yield of 4.36%. The stock’s 5-year Average Dividend Yield is 4.42. The current Payout Ratio is 53.14% for CVX, which recently paid a dividend on Mar 11, 2024 with an ex-dividend date of Feb 15, 2024. Stock splits for the company last occurred on Sep 13, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 14 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.94 for the current quarter, with a high estimate of $3.53 and a low estimate of $2.54, while EPS last year was $3.55. The consensus estimate for the next quarter is $2.98, with high estimates of $3.42 and low estimates of $2.3.
Analysts are recommending an EPS of between $14.55 and $10.9 for the fiscal current year, implying an average EPS of $12.61. EPS for the following year is $14.62, with 19 analysts recommending between $19.88 and $11.95.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $50.52B. It ranges from a high estimate of $53.53B to a low estimate of $44.59B. As of the current estimate, Chevron Corp.’s year-ago sales were $50.79B, an estimated decrease of -0.50% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $51.83B, an increase of 6.00% over than the figure of -$0.50% in the same quarter last year. There is a high estimate of $58.14B for the next quarter, whereas the lowest estimate is $44.84B.
A total of 14 analysts have provided revenue estimates for CVX’s current fiscal year. The highest revenue estimate was $246.34B, while the lowest revenue estimate was $94.74B, resulting in an average revenue estimate of $200.79B. In the same quarter a year ago, actual revenue was $200.95B, down -0.10% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $208.87B in the next fiscal year. The high estimate is $270.09B and the low estimate is $101.22B. The average revenue growth estimate for next year is up 4.00% from the average revenue estimate for this year.
