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Wednesday, February 1, 2023

Momentum Is Strong For Chevron Corporation (NYSE: CVX)

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. After-hours trades for Chevron Corporation (CVX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.18, or -0.10%, to $175.00. The Chevron Corporation has recorded 187,351 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Raven SR, Chevron and Hyzon Motors Collaborate to Produce Hydrogen from Green Waste in Northern California.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas Integrated industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $175.18 and fluctuated between $178.33 as its day high and $174.38 as its day low. The current market capitalization of Chevron Corporation is $336.20B. A total of 8.38 million shares were traded on the day, compared to an average of 7.75M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CVX has seen 12 BUY and 20 SELL insider trades, representing the acquisition of 384,557 and the disposition of 392,328 shares. Over the last 12 months, there were 127 BUYs and 96 SELLs from insiders. Insiders purchased 2,598,399 shares during that period but sold 2,598,963.

In the most recent transaction, JOHNSON JAMES WILLIAM sold 37,300 shares of CVX for 182.31 per share on Nov 30. After the transaction, the Executive Vice President now owns 0 company shares. In a previous transaction on Nov 29, JOHNSON JAMES WILLIAM sold 2,900 shares at 181.77 per share. CVX shares that Executive Vice President owns now total 0.

Among the insiders who sold shares, JOHNSON JAMES WILLIAM disposed of 143,466 shares on Nov 28 at a per-share price of $179.30. This resulted in the Executive Vice President holding 0 shares of CVX after the transaction. In another insider transaction, Breber Pierre R sold 25,000 shares at $179.64 per share on Nov 28. Company shares held by the VP & Chief Financial Officer now total 8.

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 Corporation pays an annual dividend of $5.68, resulting in a dividend yield of 3.24%, and it has a price to earnings (P/E) ratio of 9.97. CVX’s most recent ex-dividend date was 11/17/2022 when it declared a $1.42 quarterly dividend that was paid in cash on 12/12/2022. Previously, the company paid the dividend on 9/12/2022 with an ex-dividend date of 8/18/2022. The CVX stock dividend was $1.42 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. According to analysts who have offered 12-month price targets for CVX in the last 3 months, the mean price target is $191.20 with high estimates of $215.00 and low estimates of $161.00. In terms of 52-week highs and lows, CVX has a high of $189.68 and a low of $122.84.

As of this writing, CVX has an earnings estimate of $4.81 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $5.28 per share and a lower estimate of $3.43. The company reported an EPS of $3.36 in the last quarter, which was 2.80% higher than expectations of $3.27.

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.

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, 28 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 Sell with a score of 3.56. A total of 12 analysts rated the stock as Buy while 2 rated it as Overweight while 12 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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