Chevron Corp. (NYSE: CVX) kicked off on Friday, up 0.24% from the previous trading day, before settling in for the closing price of $150.45. Over the past 52 weeks, CVX has traded in a range of $135.37-$167.11.
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Annual sales at Energy sector company grew by 11.17% over the past five years. While this was happening, its average annual earnings per share was recorded -19.48%. With a float of $1.83 billion, this company’s outstanding shares have now reached $1.87 billion.
Let’s look at the performance matrix of the company that is accounted for 45600 employees. In terms of profitability, gross margin is 18.6%, operating margin of 12.33%, and the pretax margin is 13.91%.
Chevron Corp. (CVX) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Integrated Industry. The insider ownership of Chevron Corp. is 0.03%, while institutional ownership is 76.02%. The most recent insider transaction that took place on May 21 ’24, was worth 600,878. In this transaction Vice President of this company sold 3,750 shares at a rate of $160.23, taking the stock ownership to the 477 shares. Before that another transaction happened on May 10 ’24, when Company’s Director sold 2,549 for $165.24, making the entire transaction worth $421,207. This insider now owns 0 shares in total.
Chevron Corp. (CVX) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 3.05 earnings per share (EPS), lower than consensus estimate (set at 3.75) by -0.7. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -19.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.72% during the next five years compared to 7.97% growth over the previous five years of trading.
Chevron Corp. (NYSE: CVX) Trading Performance Indicators
Take a look at Chevron Corp.’s (CVX) current performance indicators. Last quarter, stock had a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.40. Likewise, its price to free cash flow for the trailing twelve months is 14.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.08, a number that is poised to hit 2.43 in the next quarter and is forecasted to reach 11.52 in one year’s time.
Technical Analysis of Chevron Corp. (CVX)
Chevron Corp. (NYSE: CVX) saw its 5-day average volume 5.41 million, a negative change from its year-to-date volume of 7.65 million. As of the previous 9 days, the stock’s Stochastic %D was 61.38%. Additionally, its Average True Range was 2.39.
During the past 100 days, Chevron Corp.’s (CVX) raw stochastic average was set at 53.41%, which indicates a significant decrease from 67.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.06% in the past 14 days, which was lower than the 19.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $146.57, while its 200-day Moving Average is $152.96. Nevertheless, the first resistance level for the watch stands at $151.80 in the near term. At $152.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $153.46. If the price goes on to break the first support level at $150.14, it is likely to go to the next support level at $149.47. Assuming the price breaks the second support level, the third support level stands at $148.48.
Chevron Corp. (NYSE: CVX) Key Stats
The company with the Market Capitalisation of 275.82 billion has total of 1,842,966K Shares Outstanding. Its annual sales at the moment are 200,949 M in contrast with the sum of 21,369 M annual income. Company’s last quarter sales were recorded 51,181 M and last quarter income was 4,434 M.
