Chevron Corp (NYSE: CVX) has reported earnings for its second fiscal quarter (ending June 30) of $2.43 versus $3.22 for the same period a year ago. E.P.S. were $10.13 for the latest four quarters through June 30 versus $15.85 for the same period a year ago.
Recent Price Action
Chevron Corp (NYSE: CVX) stock declined by -2.7% on 8/2/24. The shares closed at $148.55. Moreover, unusually high trading volume at 183% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.7% during the last week.
Current PriceTarget Research Rating
CVX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Chevron has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Chevron has a slightly positive Power Rating of 64 and a good Appreciation Score of 79, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment