Chevron Corp (NYSE:CVX) shares traded -0.84% lower at $148.11 on Wall Street last session.
CVX stock price is now -4.47% away from the 50-day moving average and -3.97% away from the 200-day moving average. The market capitalization of the company currently stands at $266.17B.
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With the price target enhanced from $145 to $185, Citigroup Upgraded its rating from Neutral to Buy for Chevron Corp (NYSE: CVX). On November 05, 2024, DZ Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $170, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Wirth Michael K, Chairman and CEO sold 164,600 shares of the company’s stock on Nov 14 ’24. The stock was sold for $26,356,838 at an average price of $160.13. Upon completion of the transaction, the Chairman and CEO now directly owns 4,280 shares in the company, valued at $0.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Director MICHAEL K WIRTH bought 164,600 shares of the business’s stock. A total of $26,125,312 was incurred on buying the stock at an average price of $158.72. 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 $135.37 and a high of $167.11. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 1.07, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $288133185536, which is based on a 16.30 price-to-earnings ratio, a 5.74 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for CVX is $155.0936 and a two-hundred day moving average price translates $154.2314 for the stock.
The latest earnings results from Chevron Corp (NYSE: CVX) was released for 2024-09-30. The net profit margin was 8.60% and return on equity was 10.38% for CVX. The company reported revenue of $50.67 billion for the quarter, compared to $54.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.31 percent.
