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Chevron Corp. (CVX) Stock Could Soon Reward Patient Investors

Chevron Corp. (NYSE: CVX) is 9.69% higher on its value in year-to-date trading and has touched a low of $139.62 and a high of $171.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CVX stock was last observed hovering at around $164.53 in the last trading session, with the day’s loss setting it -0.92%.

Currently trading at $163.61, the stock is 0.95% and 3.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.88 million and changing -0.56% at the moment leaves the stock 5.25% off its SMA200. CVX registered 4.46% gain for a year compared to 6-month gain of 14.45%.

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The stock witnessed a 3.82% loss in the last 1 month and extending the period to 3 months gives it a 8.64%, and is 0.58% 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 1.45% over the week and 1.67% over the month.

Chevron Corp. (CVX) has around 45600 employees, a market worth around $301.53B and $195.02B in sales. Current P/E ratio is 15.06 and Fwd P/E is 11.49. Profit margin for the company is 10.41%. Distance from 52-week low is 17.18% and -4.71% from its 52-week high. The company has generated returns on investments over the last 12 months (11.14%).

The EPS is expected to shrink by -1.63% this year.

Chevron Corp. (CVX) Top Institutional Holders

The shares outstanding are 1.87B, and float is at 1.84B with Short Float at 2.89%.

Chevron Corp. (CVX) Insider Activity

The most recent transaction is an insider sale by HERNANDEZ ENRIQUE JR,the company’sDirector. SEC filings show that HERNANDEZ ENRIQUE JR sold 2,549 shares of the company’s common stock on May 10 ’24 at a price of $165.24 per share for a total of $0.42 million. Following the sale, the insider now owns 0.0 shares.

Chevron Corp. disclosed in a document filed with the SEC on May 06 ’24 that HERNANDEZ ENRIQUE JR (Director) sold a total of 5,098 shares of the company’s common stock. The trade occurred on May 06 ’24 and was made at $163.50 per share for $0.83 million. Following the transaction, the insider now directly holds 2549.0 shares of the CVX stock.

Still, SEC filings show that on May 02 ’24, HERNANDEZ ENRIQUE JR (Director) disposed off 2,549 shares at an average price of $161.00 for $0.41 million. The insider now directly holds 7,647 shares of Chevron Corp. (CVX).

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