In yesterday’s Wall Street session, Chevron Corp. (NYSE:CVX) shares traded at $142.50, down -1.28% from the previous session.
As of this writing, 25 analysts cover Chevron Corp. (NYSE:CVX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $200.00 and a low of $148.00, we find $180.00. Given the previous closing price of $144.35, this indicates a potential upside of 24.7 percent. CVX stock price is now -6.07% away from the 50-day moving average and -10.07% away from the 200-day moving average. The market capitalization of the company currently stands at $268.19B.
There are 5 analysts who have given it a hold rating, whereas 17 have given it a buy rating. Brokers who have rated the stock have averaged $179.68 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 $0.86 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 $0.24 million. Insiders disposed of 141,296 shares of company stock worth roughly $20.13 million over the past 1 year. A total of 0.03% of the company’s stock is owned by insiders.
Tuesday morning saw Chevron Corp. (NYSE: CVX) opened at $143.17. During the past 12 months, Chevron Corp. has had a low of $140.72 and a high of $187.81. 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 $151.71 and a two-hundred day moving average price translates $158.46 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 $3.05, missing analysts’ expectations of $3.75 by -0.7. 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 $56.3B in revenue.
