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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
