Chevron Corp. (NYSE:CVX) shares traded -0.56% lower at $163.61 on Wall Street last session.
CVX stock price is now 3.23% away from the 50-day moving average and 5.25% away from the 200-day moving average. The market capitalization of the company currently stands at $301.53B.
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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 2,549 shares of the company’s stock on May 10 ’24. The stock was sold for $421,207 at an average price of $165.24. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Director HERNANDEZ ENRIQUE JR sold 5,098 shares of the business’s stock. A total of $833,523 was realized by selling the stock at an average price of $163.50. This leaves the insider owning 2,549 shares of the company worth $0.42 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.
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.
