Chevron Corp. (NYSE:CVX) price is hovering lower on Tuesday, April 16, dropping -0.56% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $157.59. The company’s P/E ratio in the trailing 12-month period read 13.81. Taking into account the 52-week price action we note that the stock hit a 52-week high of $172.54 and 52-week low of $139.62. The stock added 0.75% on its value in the past month.
Chevron Corp., which has a market valuation of $291.06 billion. The company stock has a Forward Dividend ratio of 6.16, while the dividend yield is 3.93%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CVX a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 7.27. The overview shows that CVX’s price is at present -1.06% off the SMA20 and 1.20% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 47.22, with weekly volatility standing at 2.09%. The indicator jumps to 1.44% when calculated based on the past 30 days. Chevron Corp. (NYSE:CVX)’s beta value is holding at 1.12, while the average true range (ATR) indicator is currently reading 2.56.
An analysis of the Chevron Corp. (NYSE:CVX) stock in terms of its daily trading volume indicates that the 3-month average is 8.56 million.
Current records show that the company has 1.87B in outstanding shares. The insiders’ percentage holdings are 0.03% of outstanding shares while the percentage share held by institutions stands at 73.31%. But the 5.07% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
