Chevron Corp. (NYSE: CVX): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

CVX belongs to the Energy sector of the NYSE while operating in the Oil & Gas Integrated industry. The current market capitalization of Chevron Corp. is $292.69B. A total of 7.12 million shares were traded on the day, compared to an average of 8.58M shares.

In the most recent transaction, Knowles Alana K sold 2,800 shares of CVX for 160.09 per share on Apr 02 ’24. After the transaction, the VP and Controller now owns 276 company shares. In a previous transaction on Aug 11 ’23, Breber Pierre R sold 25,000 shares at 164.00 per share. CVX shares that VP & Chief Financial Officer owns now total 6,021.

Among the insiders who sold shares, GUSTAVSON JEFF B disposed of 3,750 shares on Aug 03 ’23 at a per-share price of $160.88. This resulted in the Vice President holding 1,718 shares of CVX after the transaction.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Chevron Corp. pays an annual dividend of $6.16, resulting in a dividend yield of 3.91%, and it has a price to earnings (P/E) ratio of 13.89. CVX’s most recent ex-dividend date was 2/15/2024 when it declared a $1.63 quarterly dividend that was paid in cash on 3/11/2024. Previously, the company paid the dividend on 12/11/2023 with an ex-dividend date of 11/16/2023. The CVX stock dividend was $1.51 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CVX has a high of $172.88 and a low of $139.62.

As of this writing, CVX has an earnings estimate of $CVS Health Corporation per share for the current quarter. EPS was calculated based on a consensus of Chevron Corporation estimates, with a high estimate of $CSX Corporation per share and a lower estimate of $Cel-Sci Corporation.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $86.27, while its Total Shareholder’s Equity was $139.94B.

Analysts Opinion

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. 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 4.52.

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