In yesterday’s Wall Street session, Chevron Corp. (NYSE:CVX) shares traded at $160.00, up 1.54% from the previous session.
CVX stock price is now 3.14% away from the 50-day moving average and 3.27% away from the 200-day moving average. The market capitalization of the company currently stands at $297.16B.
With the price target maintained at $195, Scotiabank recently Upgraded its rating from Sector Perform to Sector Outperform for Chevron Corp. (NYSE: CVX). On April 10, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $203, while ‘DZ Bank’ rates the stock as ‘Hold’
In other news, Knowles Alana K, VP and Controller sold 2,800 shares of the company’s stock on Apr 02 ’24. The stock was sold for $448,252 at an average price of $160.09. Upon completion of the transaction, the VP and Controller now directly owns 276 shares in the company, valued at $44160.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11 ’23, VP & Chief Financial Officer Breber Pierre R sold 25,000 shares of the business’s stock. A total of $4,100,000 was realized by selling the stock at an average price of $164.00. This leaves the insider owning 6,021 shares of the company worth $0.96 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 $172.38. 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 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.
