Chevron Corp. (NYSE:CVX) shares, rose in value, with the stock price up by 1.05% to the previous day’s close as strong demand from buyers drove the stock to $165.28.
Actively observing the price movement in the last trading, the stock closed the session at $163.57. The PE ratio was 14.56 over 12-month period. Referring to stock’s 52-week performance, its high was $171.70, and the low was $139.62. On the whole, CVX has fluctuated by 6.45% over the past month.
The company’s Forward Dividend Ratio is 6.16, with its dividend yield at 3.73%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 182.88B, with a low estimate of 44.6B and a high estimate of 50.47B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 47.33B.
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 100% Buy 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 7.67, with the price of CVX currently trading nearly 3.34% and 6.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.06, while the 7-day volatility ratio is showing 1.80% which for the 30-day chart, stands at 1.60%. Furthermore, Chevron Corp. (CVX)’s beta value is 1.11, and its average true range (ATR) is 2.63.
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 1.05% in last session, and over the past year, it shrunk by -2.20%%.
Data on historical trading for Chevron Corp. (NYSE:CVX) indicates that the trading volumes over the past 3 months, they’ve averaged 8.26 million. According to company’s latest data on outstanding shares, there are 1.87 billion shares outstanding.
Nearly 0.03% of Chevron Corp.’s shares belong to company insiders and institutional investors own 73.32% of the company’s shares. The stock has risen by 10.81% 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.
