Chevron Corp (NYSE:CVX) shares, rose in value on Thursday, February 13, with the stock price up by 0.63% to the previous day’s close as strong demand from buyers drove the stock to $155.88.
Actively observing the price movement in the last trading, the stock closed the session at $154.90. The PE ratio was 16.07 over 12-month period. Referring to stock’s 52-week performance, its high was $167.11, and the low was $135.37. On the whole, CVX has fluctuated by -0.65% over the past month.
With the market capitalization of Chevron Corp currently standing at about $280.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 6.52, with its dividend yield at 4.18%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 194.48B, with a low estimate of 45.81B and a high estimate of 52.35B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 48.96B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CVX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.45, with the price of CVX currently trading nearly 0.38% and 2.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.26, while the 7-day volatility ratio is showing 1.58% which for the 30-day chart, stands at 1.83%. Furthermore, Chevron Corp (CVX)’s beta value is 1.07, and its average true range (ATR) is 3.02.
A comparison of Chevron Corp (CVX) with its peers suggests the former has fared considerably weaker in the market. CVX showed an intraday change of 0.63% in last session, and over the past year, it grew by 2.50%%.
Data on historical trading for Chevron Corp (NYSE:CVX) indicates that the trading volumes over the past 3 months, they’ve averaged 8.23 million. According to company’s latest data on outstanding shares, there are 1.80 billion shares outstanding.
Nearly 0.03% of Chevron Corp’s shares belong to company insiders and institutional investors own 75.49% of the company’s shares. The stock has risen by 7.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CVX stock heading into the next quarter.
