The stock of Chevron Corp. (NYSE:CVX) last traded at $159.15, down -1.74% from the previous session.
CVX stock price is now 0.78% away from the 50-day moving average and 3.29% away from the 200-day moving average. The market capitalization of the company currently stands at $293.31B.
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On July 17, 2024, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $183 to quote $167, while ‘TD Cowen’ rates the stock as ‘Hold’
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 $75914.55. 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 $310539485184, which is based on a 14.65 price-to-earnings ratio, a 3.49 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for CVX is $157.8542 and a two-hundred day moving average price translates $154.04166 for the stock.
The latest earnings results from Chevron Corp. (NYSE: CVX) was released for 2024-03-31. 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.
