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Chevron Corp. (NYSE: CVX) closed the day trading at $157.54 up 1.59% from the previous closing price of $155.07. In other words, the price has increased by $1.59 from its previous closing price. On the day, 5.43 million shares were traded. CVX stock price reached its highest trading level at $158.26 during the session, while it also had its lowest trading level at $154.62.
Ratios:
For a better understanding of CVX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 45.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.16. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.13.
On July 17, 2024, Bernstein Downgraded its rating to Mkt Perform which previously was Outperform and also lowered its target price recommendation from $183 to $167.
TD Cowen reiterated its Hold rating for the stock on April 29, 2024, while the target price for the stock was revised from $155 to $160.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 21 ’24 when GUSTAVSON JEFF B sold 3,750 shares for $160.23 per share. The transaction valued at 600,878 led to the insider holds 477 shares of the business.
HERNANDEZ ENRIQUE JR sold 2,549 shares of CVX for $421,207 on May 10 ’24. The Director now owns 0 shares after completing the transaction at $165.24 per share. On May 06 ’24, another insider, HERNANDEZ ENRIQUE JR, who serves as the Director of the company, sold 5,098 shares for $163.50 each. As a result, the insider received 833,523 and left with 2,549 shares of the company.
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 288109133824 and an Enterprise Value of 307565789184. As of this moment, Chevron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.50, and their Forward P/E ratio for the next fiscal year is 11.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 1.595 whereas that against EBITDA is 7.46.
Stock Price History:
Over the past 52 weeks, CVX has reached a high of $171.70, while it has fallen to a 52-week low of $139.62. The 50-Day Moving Average of the stock is 0.15%, while the 200-Day Moving Average is calculated to be 2.36%.
Shares Statistics:
Over the past 3-months, CVX traded about 7.07M shares per day on average, while over the past 10 days, CVX traded about 6255160 shares per day. A total of 1.87B shares are outstanding, with a floating share count of 1.84B. Insiders hold about 0.03% of the company’s shares, while institutions hold 74.51% stake in the company. Shares short for CVX as of 1721001600 were 49188935 with a Short Ratio of 6.96, compared to 1718323200 on 52546299. Therefore, it implies a Short% of Shares Outstanding of 49188935 and a Short% of Float of 2.69.
Dividends & Splits
CVX’s forward annual dividend rate is 6.28, up from 6.16 a year ago. Against a Trailing Annual Dividend Yield of 0.039723992The stock’s 5-year Average Dividend Yield is 4.42.
