Chevron Corp (CVX): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NYSE-listed company operates within the Oil & Gas Integrated industry segment, falling under the Energy sector. The current market capitalization of Chevron Corp is $275.21B. A total of 11.06 million shares were traded on the day, compared to an average of 7.69M shares.

In the most recent transaction, Wirth Michael K sold 164,600 shares of CVX for 160.13 per share on Nov 14 ’24. After the transaction, the Chairman and CEO now owns 4,280 company shares. In a previous transaction on Nov 14 ’24, MICHAEL K WIRTH bought 164,600 shares at 158.72 per share.

Among the insiders who sold shares, GUSTAVSON JEFF B disposed of 3,750 shares on May 21 ’24 at a per-share price of $160.23. This resulted in the Vice President holding 477 shares of CVX after the transaction. In another insider transaction, HERNANDEZ ENRIQUE JR sold 2,549 shares at $165.24 per share on May 10 ’24. Company shares held by the Director now total 0.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Chevron Corp pays an annual dividend of $6.52, resulting in a dividend yield of 4.26%, and it has a price to earnings (P/E) ratio of 16.86. CVX’s most recent ex-dividend date was 4.2% when it declared a $1.63 quarterly dividend that was paid in cash on 11/18/2024. Previously, the company paid the dividend on 8/19/2024 with an ex-dividend date of 4.39%. The CVX stock dividend was $1.63 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CVX has a high of $167.11 and a low of $135.37.

As of this writing, CVX has an earnings estimate of $2.36 per share for the current quarter. EPS was calculated based on a consensus of 16.0 estimates, with a high estimate of $3.54 per share and a lower estimate of $2.05.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CVX’s latest balance sheet shows that the firm has $5.67B in Cash & Short Term Investments as of fiscal 2021. There were $31.37B in debt and $26.79B in liabilities at the time. Its Book Value Per Share was $86.92, while its Total Shareholder’s Equity was $139.94B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CVX is Buy with a score of 4.45.

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