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Monday, June 5, 2023

There’s No Need To Panic Or Freeze When It Comes To Chevron Corporation (NYSE: CVX)

After Hours

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. After-hours trades for Chevron Corporation (CVX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.51, or -0.33%, to $154.05. The Chevron Corporation has recorded 447,869 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Raven SR Bioenergy Project Receives Environmental Approval from City of Richmond, Calif..

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Integrated industry segment. At the end of the last regular session, the stock closed at $154.56 and fluctuated between $155.62 as its day high and $153.50 as its day low. The current market capitalization of Chevron Corporation is $290.47B. A total of 7.0 million shares were traded on the day, compared to an average of 7.78M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CVX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 63 BUYs and 62 SELLs from insiders. Insiders purchased 995,033 shares during that period but sold 938,645.

In the most recent transaction, MORRIS RHONDA J sold 19,666 shares of CVX for 170.00 per share on Feb 07. After the transaction, the Vice President now owns 3,967 company shares. In a previous transaction on Nov 30, JOHNSON JAMES WILLIAM sold 37,300 shares at 182.31 per share. CVX shares that Executive Vice President owns now total 0.

Among the insiders who sold shares, JOHNSON JAMES WILLIAM disposed of 2,900 shares on Nov 29 at a per-share price of $181.77. This resulted in the Executive Vice President holding 0 shares of CVX after the transaction. In another insider transaction, JOHNSON JAMES WILLIAM sold 143,466 shares at $179.30 per share on Nov 28. Company shares held by the Executive Vice President now total 0.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Chevron Corporation pays an annual dividend of $6.04, resulting in a dividend yield of 3.91%, and it has a price to earnings (P/E) ratio of 8.36. CVX’s most recent ex-dividend date was 5/18/2023 when it declared a $1.51 quarterly dividend that was paid in cash on 6/12/2023. Previously, the company paid the dividend on 3/10/2023 with an ex-dividend date of 2/15/2023. The CVX stock dividend was $1.51 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CVX in the last 3 months, the mean price target is $188.34 with high estimates of $212.00 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 $132.54.

As of this writing, CVX has an earnings estimate of $3.21 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $4.18 per share and a lower estimate of $2.63. The company reported an EPS of $4.09 in the last quarter, which was -6.60% lower than expectations of $4.38.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $84.29, while its Total Shareholder’s Equity was $139.07B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.83.

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