Stocks of Chevron Corp. (NYSE:CVX) traded higher last session on Wall Street, down -1.35% to $156.90.
CVX stock price is now -2.08% away from the 50-day moving average and 0.94% away from the 200-day moving average. The market capitalization of the company currently stands at $289.16B.
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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, GUSTAVSON JEFF B, Vice President sold 3,750 shares of the company’s stock on May 21 ’24. The stock was sold for $600,878 at an average price of $160.23. Upon completion of the transaction, the Vice President now directly owns 477 shares in the company, valued at $74841.3. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10 ’24, Director HERNANDEZ ENRIQUE JR sold 2,549 shares of the business’s stock. A total of $421,207 was realized by selling the stock at an average price of $165.24. 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 $310336323584, which is based on a 14.44 price-to-earnings ratio, a 3.11 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for CVX is $160.2402 and a two-hundred day moving average price translates $155.44135 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.
