The price of Chevron Corp. (NYSE: CVX) closed at $154.86 in the last session, up 0.20% from day before closing price of $154.55. In other words, the price has increased by $+0.31 from its previous closing price. On the day, 7876723 shares were traded. CVX stock price reached its highest trading level at $155.69 during the session, while it also had its lowest trading level at $154.41.
Ratios:
We take a closer look at CVX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.03. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 287.62B and an Enterprise Value of 300.23B. As of this moment, Chevron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.65, and their Forward P/E ratio for the next fiscal year is 10.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 1.79. Its current Enterprise Value per Revenue stands at 1.52 whereas that against EBITDA is 6.28.
Stock Price History:
The Beta on a monthly basis for CVX is 1.12, which has changed by -0.77% over the last 52 weeks, in comparison to a change of 32.00% over the same period for the S&P500. 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 150.53, while the 200-Day Moving Average is calculated to be 154.70.
Shares Statistics:
According to the various share statistics, CVX traded on average about 8.74M shares per day over the past 3-months and 9.04M shares per day over the past 10 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 73.37% stake in the company. Shares short for CVX as of Feb 29, 2024 were 51.74M with a Short Ratio of 5.92, compared to 48.88M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.79% and a Short% of Float of 2.79%.
Dividends & Splits
The forward annual dividend rate for CVX is 6.16, which was 6.04 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.91%, it implies a Forward Annual Dividend Yield of 4.21%. 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
The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of $2.95 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 $3.02, with high estimates of $3.45 and low estimates of $2.14.
Analysts are recommending an EPS of between $14.55 and $9.89 for the fiscal current year, implying an average EPS of $12.61. EPS for the following year is $14.82, with 20 analysts recommending between $19.88 and $11.35.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $50.74B. It ranges from a high estimate of $53.53B to a low estimate of $47.31B. As of the current estimate, Chevron Corp.’s year-ago sales were $50.79B, an estimated decrease of -0.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $51.07B, an increase of 4.40% over than the figure of -$0.10% in the same quarter last year. There is a high estimate of $54.29B for the next quarter, whereas the lowest estimate is $46.58B.
A total of 14 analysts have provided revenue estimates for CVX’s current fiscal year. The highest revenue estimate was $223.14B, while the lowest revenue estimate was $94.74B, resulting in an average revenue estimate of $197.41B. In the same quarter a year ago, actual revenue was $200.95B, down -1.80% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $202.09B in the next fiscal year. The high estimate is $234.96B and the low estimate is $101.22B. The average revenue growth estimate for next year is up 2.40% from the average revenue estimate for this year.
