Chevron Corp. (NYSE: CVX) is -3.00% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CVX stock was last observed hovering at around $146.83 in the last trading session, with the day’s loss setting it -2.14%.
Currently trading at $144.69, the stock is -3.44% and -5.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.49 million and changing -1.46% at the moment leaves the stock -5.38% off its SMA200. CVX registered -10.07% loss for a year compared to 6-month gain of -6.05%.
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The stock witnessed a -7.83% loss in the last 1 month and extending the period to 3 months gives it a -10.21%, and is 0.37% 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 1.33% over the week and 2.02% over the month.
Chevron Corp. (CVX) has around 45600 employees, a market worth around $264.63B and $197.53B in sales. Current P/E ratio is 14.36 and Fwd P/E is 10.63. Profit margin for the company is 9.48%. Distance from 52-week low is 3.63% and -15.73% from its 52-week high. The company has generated returns on investments over the last 12 months (10.36%).
with sales reaching $50.19B over the same period.The EPS is expected to shrink by -10.90% this year, but quarterly earnings will post 6.60% year-over-year. Quarterly sales are estimated to grow 7.00% in year-over-year returns.
Chevron Corp. (CVX) Top Institutional Holders
4160.0 institutions hold shares in Chevron Corp. (CVX), with institutional investors hold 74.21% of the company’s shares. The shares outstanding are 1.87B, and float is at 1.83B with Short Float at 2.74%. Institutions hold 69.36% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 160.72 million shares valued at $25.35 billion. The investor’s holdings represent 8.7237 of the CVX Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 128.81 million shares valued at $20.32 billion to account for 6.9915 of the shares outstanding. The other top investors are STATE STREET CORP which holds 123.06 million shares representing 6.6793 and valued at over $19.41 billion, while BERKSHIRE HATHAWAY INC holds 6.6751 of the shares totaling 122.98 million with a market value of $19.4 billion.
Chevron Corp. (CVX) Insider Activity
The most recent transaction is an insider sale by GUSTAVSON JEFF B, the company’s Vice President. SEC filings show that GUSTAVSON JEFF B sold 3,750 shares of the company’s common stock on May 21 ’24 at a price of $160.23 per share for a total of $0.6 million. Following the sale, the insider now owns 477.0 shares.
Chevron Corp. disclosed in a document filed with the SEC on May 10 ’24 that HERNANDEZ ENRIQUE JR (Director) sold a total of 2,549 shares of the company’s common stock. The trade occurred on May 10 ’24 and was made at $165.24 per share for $0.42 million. Following the transaction, the insider now directly holds 0.0 shares of the CVX stock.
Still, SEC filings show that on May 06 ’24, HERNANDEZ ENRIQUE JR (Director) disposed off 5,098 shares at an average price of $163.50 for $0.83 million. The insider now directly holds 2,549 shares of Chevron Corp. (CVX).
