The stock of Chevron Corporation (NYSE:CVX) last traded at $154.69, up 0.61% from the previous session.
Data from the available sources indicates that Chevron Corporation (NYSE:CVX) is covered by 26 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $207.00 and a low of $166.00, we find $180.50. Given the previous closing price of $153.75, this indicates a potential upside of 17.4 percent. CVX stock price is now -0.71% away from the 50-day moving average and -7.17% away from the 200-day moving average. The market capitalization of the company currently stands at $296.59B.
In total, 13 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $184.13 as their price target over the next twelve months.
With the price target enhanced from $165 to $180, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for Chevron Corporation (NYSE: CVX).
In other news, MORRIS RHONDA J, Vice President sold 19,666 shares of the company’s stock on Feb 07. The stock was sold for $3,343,281 at an average price of $170.00. Upon completion of the transaction, the Vice President now directly owns 3,967 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30, Executive Vice President JOHNSON JAMES WILLIAM sold 37,300 shares of the business’s stock. A total of $6,800,230 was realized by selling the stock at an average price of $182.31. Insiders disposed of 646,606 shares of company stock worth roughly $100.02 million over the past 1 year. A total of 0.04% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CVX stock. A new stake in Chevron Corporation shares was purchased by ALTSHULER SHAHAM LTD during the first quarter worth $369,317,000. EMPOWER ADVISORY GROUP, LLC invested $86,028,000 in shares of CVX during the first quarter. In the first quarter, SUMMIT WEALTH GROUP, LLC acquired a new stake in Chevron Corporation valued at approximately $57,444,000. EMPOWERED FUNDS, LLC acquired a new stake in CVX for approximately $55,370,000. CAMBIAR INVESTORS LLC purchased a new stake in CVX valued at around $37,753,000 in the second quarter. In total, there are 3,890 active investors with 72.00% ownership of the company’s stock.
With an opening price of $153.83 on Wednesday morning, Chevron Corporation (NYSE: CVX) set off the trading day. During the past 12 months, Chevron Corporation has had a low of $139.42 and a high of $189.68. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 1.40, and a quick ratio of 1.20. The fifty day moving average price for CVX is $155.69 and a two-hundred day moving average price translates $166.69 for the stock.
The latest earnings results from Chevron Corporation (NYSE: CVX) was released for Mar, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $3.55, beating analysts’ expectations of $3.41 by 0.14. This compares to $3.23 EPS in the same period last year. The net profit margin was 15.40% and return on equity was 22.70% for CVX. The company reported revenue of $50.79 billion for the quarter, compared to $54.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.58 percent. For the current quarter, analysts expect CVX to generate $48.75B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/12/2023. Investors who held shares on 05/19/2023 were paid a $1.51 dividend. On an annualized basis, this represents a $6.04 dividend and a 3.90% percent yield. There was an ex-dividend date of 05/18/2023 for this dividend. In terms of dividend payout ratio, CVX is presently at 31.00%.
Chevron Corporation(CVX) Company Profile
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.
