Chevron Corp. (NYSE:CVX)’s traded shares stood at 6.81 million during the last session, with the company’s beta value hitting 1.08. At the close of trading, the stock’s price was $150.81, to imply an increase of 0.24% or $0.36 in intraday trading. The CVX share’s 52-week high remains $167.11, putting it -10.81% down since that peak but still an impressive 10.24% since price per share fell to its 52-week low of $135.37. The company has a valuation of $275.82B, with an average of 5.23 million shares in intraday trading volume over the past 10 days and average of 7.25 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Chevron Corp. (CVX), translating to a mean rating of 1.78. Of 24 analyst(s) looking at the stock, 1 analyst(s) give CVX a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 20 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.43.
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Chevron Corp. (NYSE:CVX) trade information
After registering a 0.24% upside in the last session, Chevron Corp. (CVX) has traded red over the past five days. The 5-day price performance for the stock is 0.04%, and 6.21% over 30 days. With these gigs, the year-to-date price performance is 1.11%. Short interest in Chevron Corp. (NYSE:CVX) saw shorts transact 53.86 million shares and set a 6.4 days time to cover.
The extremes give us $120 and $212 for target low and target high price respectively. As such, CVX has been trading -40.57% off suggested target high and 20.43% from its likely low.
Chevron Corp. (CVX) estimates and forecasts
Looking at statistics comparing Chevron Corp. share performance against respective industry, we note that the company has underperformed competitors. Chevron Corp. (CVX) shares are -9.09% down over the last 6 months, with its year-to-date growth rate lower than industry average at -17.29% against -7.10%. Revenue is forecast to shrink -20.30% this quarter before falling -20.80% for the next one. The rating firms project that company’s revenue will grow 4.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 48.99B. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 47.8B.Earnings reports from the last fiscal year show that sales brought in 46.92B and 44.08B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 4.40% before jumping 8.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 7.97% for the past 5-year period. While 2024 is set for a -19.48% return in earnings, projections for the next 5 years are at 3.72% annually.
CVX Dividends
Chevron Corp. has its next earnings report out on 2024-Nov-01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Chevron Corp. has a forward dividend ratio of 6.40, with the share yield ticking at 4.24% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.44%.
Chevron Corp. (NYSE:CVX)’s Major holders
Chevron Corp. insiders hold 6.54% of total outstanding shares, with institutional holders owning 69.48% of the shares at 74.35% float percentage. In total, 69.48% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 158.7 million shares (or 8.6138% of shares), all amounting to roughly $24.82 billion.
The next major institution holding the largest number of shares is STATE STREET CORP with 158.23 million shares, or about 8.5884% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $24.75 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Chevron Corp. (CVX) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 55.44 shares. This is just over 3.03% of the total shares, with a market valuation of $8.36 billion. Data from the same date shows that the other fund manager holds a little less at 43.99, or 2.41% of the shares, all valued at about 6.63 billion.
