A secret that hides Chevron Corp.’s strength (NYSE:CVX)

Stocks of Chevron Corp. (NYSE:CVX) traded higher last session on Wall Street, down -0.41% to $147.00.

According to the data, Chevron Corp. (NYSE:CVX) has 25 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $215.00 and a low of $166.00, we find $180.00. Given the previous closing price of $147.61, this indicates a potential upside of 21.94 percent. CVX stock price is now -9.55% away from the 50-day moving average and -9.20% away from the 200-day moving average. The market capitalization of the company currently stands at $276.66B.

A total of 8 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $182.51 as their price target over the next twelve months.

With the price target reduced from $184 to $182, Bernstein Upgraded its rating from Mkt Perform to Outperform for Chevron Corp. (NYSE: CVX).

In other news, Breber Pierre R, VP & Chief Financial Officer sold 25,000 shares of the company’s stock on Aug 11. The stock was sold for $4,100,000 at an average price of $164.00. Upon completion of the transaction, the VP & Chief Financial Officer now directly owns 6,021 shares in the company, valued at $0.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 03, Vice President GUSTAVSON JEFF B sold 3,750 shares of the business’s stock. A total of $603,300 was realized by selling the stock at an average price of $160.88. This leaves the insider owning 1,718 shares of the company worth $0.25 million. Insiders disposed of 392,353 shares of company stock worth roughly $57.68 million over the past 1 year. A total of 0.03% of the company’s stock is owned by insiders.

Monday’s opening bell rang with an opening price of $148.73 for Chevron Corp. (NYSE: CVX). During the past 12 months, Chevron Corp. has had a low of $143.82 and a high of $189.68. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 1.25, and a quick ratio of 0.97. The fifty day moving average price for CVX is $162.52 and a two-hundred day moving average price translates $161.90 for the stock.

The latest earnings results from Chevron Corp. (NYSE: CVX) was released for Sep, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $3.08, beating analysts’ expectations of $2.97 by 0.11. This compares to $5.79 EPS in the same period last year. The net profit margin was 12.56% and return on equity was 15.72% for CVX. The company reported revenue of $54.08 billion for the quarter, compared to $66.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.85 percent. For the current quarter, analysts expect CVX to generate $47.79B in revenue.

Chevron Corp.(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.

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