In today’s recent session, 1.64 million shares of the Chevron Corp. (NYSE:CVX) have been traded, and its beta is 1.12. Most recently the company’s share price was $164.61, and it changed around -$1.21 or -0.73% from the last close, which brings the market valuation of the company to $303.37B. CVX at last check was trading at a discount to its 52-week high of $171.70, offering almost -4.31% off that amount. The share price’s 52-week low was $139.62, which indicates that the recent value has risen by an impressive 15.18% since then. We note from Chevron Corp.’s average daily trading volume that its 3-month average coming to 8.05 million.
Chevron Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 1.85. If we narrow it down even further, the data shows that 1 out of 24 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 7 recommended CVX as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Chevron Corp. is expected to report earnings per share of $3.27 for the current quarter.
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Chevron Corp. (NYSE:CVX) trade information
Instantly CVX has been showing red trend so far today with a performance of -0.73% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 10.36% year-to-date, but still up 1.42% over the last five days. On the other hand, Chevron Corp. (NYSE:CVX) is 3.55% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $177, which translates to bulls needing to increase their stock price by 7.0% from its current value. Analyst projections state that CVX is forecast to be at a low of $120 and a high of $212.
Chevron Corp. (CVX) estimates and forecasts
Chevron Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.97 percent over the past six months and at a 3.35% annual growth rate that is well above the industry average of -2.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.20% in revenue this quarter, and will report an increase of 9.20% in the next quarter. The year-over-year growth rate is expected to be 6.00%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $51.75 billion in revenue for the current quarter. 6 analysts expect Chevron Corp. to make $49.51 billion in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $48.9 billion and $46.92 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.80%. Forecasts for the next quarter put sales growth at 5.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.97%. Chevron Corp. earnings are expected to increase by -1.43% in 2024, but the outlook is positive 4.75% per year for the next five years.
CVX Dividends
Chevron Corp.’s next quarterly earnings report is expected to be released in June. The annual dividend yield of the stock is 3.74 percent and its annual dividend per share was 6.16. It is important to note, however, that the 3.74% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
