Chevron Corp (NYSE: CVX) is 5.26% higher on its value in year-to-date trading and has touched a low of $135.37 and a high of $167.11 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 $157.08 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $157.00, the stock is -1.90% and 1.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.11 million and changing -0.05% at the moment leaves the stock 1.81% off its SMA200. CVX registered 8.79% gain for a year compared to 6-month gain of 0.33%. The firm has a 50-day simple moving average (SMA 50) of $154.6688 and a 200-day simple moving average (SMA200) of $154.1945.
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The stock witnessed a 0.04% loss in the last 1 month and extending the period to 3 months gives it a 13.87%, and is -3.04% down 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 2.00% over the week and 1.55% over the month.
Chevron Corp (CVX) has around 45600 employees, a market worth around $282.14B and $193.86B in sales. Current P/E ratio is 17.28 and Fwd P/E is 13.92. Profit margin for the company is 8.60%. Distance from 52-week low is 15.98% and -6.05% from its 52-week high. The company has generated returns on investments over the last 12 months (9.43%).
The EPS is expected to shrink by -20.92% this year.
Chevron Corp (CVX) Top Institutional Holders
4142.0 institutions hold shares in Chevron Corp (CVX), with institutional investors hold 74.49% of the company’s shares. The shares outstanding are 1.80B, and float is at 1.80B with Short Float at 3.52%. Institutions hold 69.53% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 158.7 million shares valued at $24.82 billion. The investor’s holdings represent 8.6138% of the CVX Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 158.23 million shares valued at $24.75 billion to account for 8.5884 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 127.83 million shares representing 6.9385% and valued at over $20.0 billion, while BERKSHIRE HATHAWAY INC holds 6.4379 of the shares totaling 118.61 million with a market value of $18.55 billion.
Chevron Corp (CVX) Insider Activity
The most recent transaction is an insider sale by Wirth Michael K, the company’s Chairman and CEO. SEC filings show that Wirth Michael K sold 164,600 shares of the company’s common stock on Nov 14 ’24 at a price of $160.13 per share for a total of $26.36 million. Following the sale, the insider now owns 4280.0 shares.
Still, SEC filings show that on May 21 ’24, GUSTAVSON JEFF B (Vice President) disposed off 3,750 shares at an average price of $160.23 for $0.6 million. The insider now directly holds 477 shares of Chevron Corp (CVX).
