Chevron Corp (NYSE: CVX) is -0.70% lower 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 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 $149.36 in the last trading session, with the day’s loss setting it -1.25%.
Currently trading at $148.11, the stock is -6.41% and -4.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.5 million and changing -0.84% at the moment leaves the stock -3.97% off its SMA200. CVX registered -0.83% loss for a year compared to 6-month gain of -3.40%. The firm has a 50-day simple moving average (SMA 50) of $155.0936 and a 200-day simple moving average (SMA200) of $154.2314.
The stock witnessed a -8.25% loss in the last 1 month and extending the period to 3 months gives it a 2.88%, and is -5.66% 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 1.57% over the week and 1.54% over the month.
Chevron Corp (CVX) has around 45600 employees, a market worth around $266.17B and $193.86B in sales. Current P/E ratio is 16.30 and Fwd P/E is 13.23. Profit margin for the company is 8.60%. Distance from 52-week low is 9.41% and -11.37% from its 52-week high. The company has generated returns on investments over the last 12 months (9.43%).
with sales reaching $48.68B over the same period.The EPS is expected to shrink by -21.01% this year, but quarterly earnings will post -1.49% year-over-year. Quarterly sales are estimated to grow 3.17% in year-over-year returns.
Chevron Corp (CVX) Top Institutional Holders
4147.0 institutions hold shares in Chevron Corp (CVX), with institutional investors hold 74.46% of the company’s shares. The shares outstanding are 1.80B, and float is at 1.80B with Short Float at 3.55%. Institutions hold 69.50% 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).
