During the recent session, Chevron Corporation (NYSE:CVX)’s traded shares were 2.24 million, with the beta value of the company hitting 1.11. At the last check today, the stock’s price was $153.61, reflecting an intraday loss of -1.13% or -$1.75. The 52-week high for the CVX share is $182.40, that puts it down -18.74 from that peak though still a striking 39.55% gain since the share price plummeted to a 52-week low of $92.86. The company’s market capitalization is $278.19B, and the average intraday trading volume over the past 10 days was 7.76 million shares, and the average trade volume was 10.53 million shares over the past three months.
Chevron Corporation (CVX) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. CVX has a Sell rating from 1 analyst(s) out of 30 analysts who have looked at this stock. 13 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 14 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $5.19.
Chevron Corporation (NYSE:CVX) trade information
Chevron Corporation (CVX) registered a -1.13% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.13% in intraday trading to $153.61 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 4.09%, and it has moved by 8.90% in 30 days. Based on these gigs, the overall price performance for the year is 51.42%. The short interest in Chevron Corporation (NYSE:CVX) is 19.9 million shares and it means that shorts have 1.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $179.27, which implies an increase of 14.31% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $150.00 and $210.00 respectively. As a result, CVX is trading at a discount of -36.71% off the target high and 2.35% off the low.
Chevron Corporation (CVX) estimates and forecasts
Statistics show that Chevron Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Chevron Corporation (CVX) shares have gone up 15.26% during the last six months, with a year-to-date growth rate more than the industry average at 115.38% against -1.20. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 75.30% this quarter and then jump 80.10% in the quarter after that. In the rating firms’ projections, revenue will increase 45.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $61.31 billion as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $59.18 billion by the end of Dec 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $40.52 billion and $48.13 billion respectively. In this case, analysts expect current quarter sales to grow by 51.30% and then jump by 23.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 100.80%. While earnings are projected to return 374.50% in 2022, the next five years will return 24.14% per annum.
Chevron Corporation is due to release its next quarterly earnings between October 27 and October 31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Chevron Corporation is 5.68, with the dividend yield indicating at 3.66 percent, continuing the trend of increasing dividends in recent years.
Chevron Corporation (NYSE:CVX)’s Major holders
Chevron Corporation insiders own 0.07% of total outstanding shares while institutional holders control 71.82%, with the float percentage being 71.87%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 3,591 institutions own stock in it. As of Mar 30, 2022, the company held over 167.77 million shares (or 8.54% of all shares), a total value of $25.67 billion in shares.
The next largest institutional holding, with 159.18 million shares, is of Berkshire Hathaway, Inc’s that is approximately 8.10% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $24.36 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Chevron Corporation (CVX) shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 56.22 million shares. This amounts to just over 2.86 percent of the company’s overall shares, with a $8.6 billion market value. The same data shows that the other fund manager holds slightly less at 49.58 million, or about 2.52% of the stock, which is worth about $7.59 billion.