Is There More Upside Ahead For Chevron Corp (NYSE: CVX)

Chevron Corp (CVX) concluded trading on Thursday at a closing price of $158.79, with 6.25 million shares of worth about $992.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.15% during that period and on February 20, 2025 the price saw a gain of about 0.99%. Currently the company’s common shares owned by public are about 1.80B shares, out of which, 1.80B shares are available for trading.

Stock saw a price change of 2.51% in past 5 days and over the past one month there was a price change of 0.35%. Year-to-date (YTD), CVX shares are showing a performance of 9.63% which increased to 2.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $135.37 but also hit the highest price of $167.11 during that period. The average intraday trading volume for Chevron Corp shares is 8.14 million. The stock is currently trading 2.52% above its 20-day simple moving average (SMA20), while that difference is up 4.18% for SMA50 and it goes to 3.77% higher than SMA200.

Chevron Corp (NYSE: CVX) currently have 1.80B outstanding shares and institutions hold larger chunk of about 75.26% of that.

The stock has a current market capitalization of $285.36B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 16.37, while it has posted earnings per share of $9.70 in the same period. Its PEG reads 1.41 and has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CVX, volatility over the week remained 1.61% while standing at 1.78% over the month.

Stock’s fiscal year EPS is expected to rise by 3.12% while it is estimated to increase by 17.55% in next year. EPS is likely to shrink at an annualized rate of 11.61% for next 5-years, compared to annual growth of 44.50% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on November 26, 2024 offering a Buy rating for the stock and assigned a target price range of between $145 and $185 to it. Coverage by DZ Bank stated Chevron Corp (CVX) stock as a Buy in their note to investors on November 05, 2024, suggesting a price target of $170 for the stock. Stock get a Mkt perform rating from Bernstein on July 17, 2024.

Most Popular

Related Posts