Chevron Corp. (NYSE:CVX) price on Friday, May 10, rose 0.17% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $165.73.
A look at the stock’s price movement, the level at last check in today’s session was $165.45. The PE ratio in trailing twelve months stood at 15.25. Turning to its 52-week performance, $171.70 and $139.62 were the 52-week high and 52-week low respectively. Overall, CVX moved 2.37% over the past month.
Chevron Corp.’s market cap currently stands at around $305.44 billion. The company has a Forward Dividend ratio of 6.16, with its dividend yield at 3.72%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 48.15B for the company’s revenue for the quarter, with a low and high estimate of 41.84B and 54.73B respectively. The average forecast suggests down to a -1.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 185.2B, representing a -1.30% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CVX is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 3.21, with CVX’s current price about 2.70% and 4.91% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.51, while 7-day volatility ratio is 1.54% and 1.83% in the 30-day chart. Further, Chevron Corp. (CVX) has a beta value of 1.12, and an average true range (ATR) of 2.62.
If we refocus on Chevron Corp. (NYSE:CVX), historical trading data shows that trading volumes averaged 8.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.87 billion shares.
The 0.03% of Chevron Corp.’s shares are in the hands of company insiders while institutional holders own 73.89% of the company’s shares. Current price change has pushed the stock 11.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CVX stock continues to rise going into the next quarter.