How Does Chevron Corporation (CVX) Stack Up Right Now?

Chevron Corporation (CVX) is an interesting player in the Basic Materials space, with a focus on Major Integrated Oil & Gas. The stock has been active on the tape, currently trading at $116.46, down from yesterday’s close by -0.28%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Chevron Corporation (CVX) currently trades with a market capitalization of $215.12 Billion. That value represents a market adjusting for revenues that have been growing by 21.02 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.7 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.49 on a per share basis this quarter. Perhaps, that suggests something about why 0.05% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Chevron Corporation recorded a 52-week high of $133.88. It is now trading 17.42% off that level. The stock is trading $120.86 its 50-day moving average by 4.4%. The stock carved out a 52-week low down at $102.55.

In recent action, Chevron Corporation (CVX) has made a move of +2.18% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.16% with $1.85 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CVX.

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