Chevron Corp. (NYSE: CVX) Is Getting Increasingly Hard To Ignore

Currently, there are 1.87B common shares owned by the public and among those 1.86B shares have been available to trade.

However, the script later moved the day high at 163.87, down -1.81%. The company’s stock has a 5-day price change of -1.63% and 9.42% over the past three months. CVX shares are trading 6.57% year to date (YTD), with the 12-month market performance down to -6.40% lower. It has a 12-month low price of $139.62 and touched a high of $172.88 over the same period. CVX has an average intraday trading volume of 8.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.52%, 2.93%, and 2.62% respectively.

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Institutional ownership of Chevron Corp. (NYSE: CVX) shares accounts for 73.31% of the company’s 1.87B shares outstanding.

It has a market capitalization of $295.23B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 14.01, while the earnings-per-share (ttm) stands at $11.35. The company has a PEG of 7.37 and a Quick Ratio of 1.01 with the debt-to-equity ratio at 0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.96% over the week and 1.44% over the month.

Earnings per share for the fiscal year are expected to decrease by -1.92%, and 11.86% over the next financial year. EPS should shrink at an annualized rate of 1.90% over the next five years, compared to 7.97% over the past 5-year period.

Looking at the support for the CVX, a number of firms have released research notes about the stock. Scotiabank stated their Sector Outperform rating for the stock in a research note on April 11, 2024, with the firm’s price target at $195. Barclays coverage for the Chevron Corp. (CVX) stock in a research note released on April 10, 2024 offered a Overweight rating with a price target of $203. DZ Bank was of a view on February 06, 2024 that the stock is Hold, while TD Cowen gave the stock Market Perform rating on January 23, 2024, issuing a price target of $170- $150. Scotiabank on their part issued Sector Perform rating on January 16, 2024.

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