Chevron Corp. (NYSE:CVX) shares traded 0.23% higher at $162.67 on Wall Street last session.
CVX stock price is now 3.39% away from the 50-day moving average and 4.70% away from the 200-day moving average. The market capitalization of the company currently stands at $299.80B.
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With the price target enhanced from $155 to $160, TD Cowen maintained Hold rating for Chevron Corp. (NYSE: CVX). On April 11, 2024, Scotiabank Upgraded its previous ‘Sector Perform’ rating to ‘Sector Outperform’ on the stock keeping its target price maintained at $195, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, HERNANDEZ ENRIQUE JR, Director sold 5,098 shares of the company’s stock on May 06 ’24. The stock was sold for $833,523 at an average price of $163.50. Upon completion of the transaction, the Director now directly owns 2,549 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’24, Director HERNANDEZ ENRIQUE JR sold 2,549 shares of the business’s stock. A total of $410,389 was realized by selling the stock at an average price of $161.00. This leaves the insider owning 7,647 shares of the company worth $1.24 million. A total of 0.03% of the company’s stock is owned by insiders.
During the past 12 months, Chevron Corp. has had a low of $139.62 and a high of $171.70. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 1.23, and a quick ratio of 0.93.
According to the Oil & Gas Integrated Company, earnings per share came in at 3.08, beating analysts’ expectations of 2.97 by 0.11. This compares to $3.47 EPS in the same period last year. The net profit margin was 10.41% and return on equity was 12.68% for CVX. The company reported revenue of $48.72 billion for the quarter, compared to $50.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.09 percent. For the current quarter, analysts expect CVX to generate $48.1B in revenue.
