In yesterday’s Wall Street session, Chevron Corp. (NYSE:CVX) shares traded at $157.57, down -1.50% from the previous session.
CVX stock price is now -1.49% away from the 50-day moving average and 1.34% away from the 200-day moving average. The market capitalization of the company currently stands at $290.40B.
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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 $0.4 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 stock market information, the enterprise value for the company is $307621199872, which is based on a 14.50 price-to-earnings ratio, a 3.12 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for CVX is $159.9548 and a two-hundred day moving average price translates $155.486 for the stock.
The latest earnings results from Chevron Corp. (NYSE: CVX) was released for 2024-03-31. 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 $52.56B in revenue.
Chevron Corp.(CVX) Company Profile
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.
