Chevron Corporation (NYSE: CVX) is 6.83% higher on its value in year-to-date trading and has touched a low of $51.60 and a high of $119.73 in the current 52-week trading range. The CVX stock was last observed hovering at around $89.80 in the last trading session, with the day’s gains setting it 0.42% off its average median price target of $103.50 for the next 12 months. It is also 22.22% off the consensus price target high of $116.00 offered by 25 analysts, but current levels are -0.24% lower than the price target low of $90.00 for the same period.
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Currently trading at $90.22, the stock is 2.92% and 7.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.1 million and changing 0.47% at the moment leaves the stock 6.82% off its SMA200. CVX registered -23.35% loss for a year compared to 6-month gain of 9.04%. The firm has a 50-day simple moving average (SMA 50) of $88.41 and a 200-day simple moving average (SMA200) of $82.96.
The stock witnessed a -0.59% loss in the last 1 month and extending the period to 3 months gives it a 22.28%, and is 5.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.71% over the week and 2.68% over the month.
Chevron Corporation (CVX) has around 48200 employees, a market worth around $175.49B and $104.06B in sales. Fwd P/E is 29.34. Profit margin for the company is -11.00%. Distance from 52-week low is 74.84% and -24.64% from its 52-week high. The company has generated returns on investments over the last 12 months (0.20%).
Chevron Corporation (CVX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Chevron Corporation (CVX) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.30, where 11 rate it as a Hold and 2 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Chevron Corporation is expected to release its quarterly report on 04/23/2021 and quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $26.08B over the same period.The EPS is expected to shrink by -80.00% this year, but quarterly earnings will post -33.40% year-over-year. Quarterly sales are estimated to shrink -28.30% in year-over-year returns.
Chevron Corporation (CVX) Top Institutional Holders
2,823 institutions hold shares in Chevron Corporation (CVX), with 746.93k shares held by insiders accounting for 0.04% while institutional investors hold 62.89% of the company’s shares. The shares outstanding are 1.93B, and float is at 1.87B with Short Float at 0.93%. Institutions hold 62.86% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 158.63 million shares valued at $11.42 billion. The investor’s holdings represent 8.50% of the CVX Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 130.34 million shares valued at $9.38 billion to account for 6.98% of the shares outstanding. The other top investors are State Street Corporation which holds 118.51 million shares representing 6.35% and valued at over $8.53 billion, while Bank of America Corporation holds 1.79% of the shares totaling 33.5 million with a market value of $2.41 billion.
Chevron Corporation (CVX) Insider Activity
A total of 43 insider transactions have happened at Chevron Corporation (CVX) in the last six months, with sales accounting for 21 and purchases happening 22 times. The most recent transaction is an insider sale by INCHAUSTI DAVID A, the company’s Vice Pres. and Controller. SEC filings show that INCHAUSTI DAVID A sold 5,000 shares of the company’s common stock on Nov 24 at a price of $95.25 per share for a total of $0.48 million. Following the sale, the insider now owns 0.0 shares.
Chevron Corporation disclosed in a document filed with the SEC on Nov 06 that Frank John (Director) bought a total of 500 shares of the company’s common stock. The trade occurred on Nov 06 and was made at $71.30 per share for $35651.0. Following the transaction, the insider now directly holds 2650.0 shares of the CVX stock.
Still, SEC filings show that on Aug 11, INCHAUSTI DAVID A (Vice Pres. and Comptroller) disposed off 5,750 shares at an average price of $92.00 for $0.53 million. The insider now directly holds 0 shares of Chevron Corporation (CVX).
Chevron Corporation (CVX): Who are the competitors?
The company’s main competitors (and peers) include TOTAL SE (TOT) that is trading -17.30% down over the past 12 months. Exxon Mobil Corporation (XOM) is -35.06% down on the 1-year trading charts. Short interest in the company’s stock has risen 14.89% from the last report on Nov 12, 2020 to stand at a total of 14.81 million short shares sold with a short interest ratio of 1.56.