Stocks of Chevron Corp. (NYSE:CVX) traded higher last session on Wall Street, up 0.89% to $157.74.
CVX stock price is now 4.21% away from the 50-day moving average and 2.00% away from the 200-day moving average. The market capitalization of the company currently stands at $292.97B.
With the price target maintained at $160, DZ Bank recently Downgraded its rating from Buy to Hold for Chevron Corp. (NYSE: CVX). On January 23, 2024, TD Cowen Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $170 to quote $150, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, Breber Pierre R, VP & Chief Financial Officer sold 25,000 shares of the company’s stock on Aug 11 ’23. 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 $0.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 03 ’23, 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 $0.27 million. A total of 0.03% of the company’s stock is owned by insiders.
During the past 12 months, Chevron Corp. has had a low of $139.62 and a high of $172.88. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.27, and a quick ratio of 1.01. The fifty day moving average price for CVX is $151.66 and a two-hundred day moving average price translates $154.64 for the stock.
The latest earnings results from Chevron Corp. (NYSE: CVX) was released for Dec, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $3.19, beating analysts’ expectations of $2.96 by 0.23. This compares to $3.35 EPS in the same period last year. The net profit margin was 10.84% and return on equity was 13.35% for CVX. The company reported revenue of $47.18 billion for the quarter, compared to $56.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.46 percent. For the current quarter, analysts expect CVX to generate $50.8B in revenue.
