Chevron stock: buy or sell?
October 18th, 2019
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide.
Should I buy Chevron stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Chevron stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Chevron stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we detected 15 ratings published for CVX stock in the last month. The general sentiment of these ratings is bullish for CVX stock, with 12 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-5-15||Goldman Sachs Group||Buy||Conviction-Buy|
|2019-4-12||Bank of America||Neutral||Buy|
|2019-3-6||Royal Bank of Canada||n/a||Sector Perform|
Chevron stock analysis
Chevron shares slightly fell -0.53% to $114.74 on October/18.
Shares of Chevron closed on Oct 18th at $114.74 and slightly fell a disappointing -0.53%. Since Oct/1 when CVX stock price broke down the SMA200d line, it slid $-3.86 per share (-3.25%). On July, CVX hit a new all time high, pushing higher than on July tops. Check different trading setups that use ATHs as triggers.
Shares of Chevron decreased a lame -1.21% this week.
Not so far away is the last price record Chevron marked late July. Since late September, when CVX stock price broke down the 40-weeks moving avarage line, it slid $-3.86 per share (-3.25%). Stocks below the 200d moving average line are usually not recommended for average traders. Since SMA20w and SMA40w crossed up by mid April, CVX price slid a -2.26%.
Chevron stock price history
Chevron stock historical price chart
CVX stock reached all-time highs on July with a price of $125.71.
Chevron stock price target is $144.30Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' CVX stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 10 price targets for Chevron stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-29||Independent Research||Set Price Target||n/a||$127.00||-|
|2019-7-12||Morgan Stanley||Lowers Target||$146.00||$144.00||-1.4%|
|2019-6-24||Morgan Stanley||Set Price Target||n/a||$146.00||-|
|2019-5-16||Morgan Stanley||Lowers Target||$150.00||$149.00||-0.7%|
|2019-3-6||Royal Bank of Canada||Upgrades||n/a||$145.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, Chevron . As soon as we get its posted EPS from the earnings report, we will update this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Chevron annual revenues skyrocketed a dazzling 17.99% to $158,902.00 million dollars from $134,674.00 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) stepped up a 2.50% to 9.33%. To have an up to date picture of the financial situation of Chevron, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Chevron TTM sales up to March 2019 were $157,123.00 and income was $13,835.00 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Chevron business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, declined an ugly -1.12%. Regarding profit margin, Chevron stayed stable -0.52% to 9.33%
|2013||$220,260 M||-||$21,420 M9.7%||-|
|2014||$200,494 M||-8.97%||$19,241 M9.6%||-10.17%|
|2015||$129,925 M||-35.20%||$4,587 M3.5%||-76.16%|
|2016||$110,215 M||-15.17%||$-497.00 M-0.5%||-110.83%|
|2017||$134,674 M||22.19%||$9,195 M6.8%||-1,950.10%|
|2018||$158,902 M||17.99%||$14,824 M9.3%||61.22%|
|TTM||$157,123 M||-1.12%||$13,835 M8.8%||-6.67%|
Quarterly financial resultsChevron posted $34,189.00 million in sales for 2019-Q1, a -15.24% decline compared to previous quarter. Reported quarter earnings marked $2,649.00 million with a profit margin of 7.75%. Profit margin declined a -1.50% compared to previous quarter when profit margin was 9.25%. When comparing turnover to same quarter last year, Chevron sales marked a fatal slide and decreased a -4.95%. Looking back to recent quarterly results, Chevron posted 2 positive quarters in a row.
|2017-Q2||$32,760 M||-||$1,450 M4.4%||-|
|2017-Q3||$33,892 M||3.46%||$1,952 M5.8%||34.62%|
|2017-Q4||$36,381 M||7.34%||$3,111 M8.6%||59.38%|
|2018-Q1||$35,968 M||-1.14%||$3,638 M10.1%||16.94%|
|2018-Q2||$40,491 M||12.58%||$3,409 M8.4%||-6.29%|
|2018-Q3||$42,105 M||3.99%||$4,047 M9.6%||18.72%|
|2018-Q4||$40,338 M||-4.20%||$3,730 M9.2%||-7.83%|
|2019-Q1||$34,189 M||-15.24%||$2,649 M7.7%||-28.98%|
Chevron ownershipWhen you are planning to invest in shares of a stock, it's worth to check its ownership structure.
Chevron shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.05% of all shares.
In case of Chevron stock, 67.48% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CVX stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$218.0 B||$127.4 B||$59.9 B||$19.8 B||$48.1 B|
|Total shares||1,900.0 M||3,400.0 M||1,110.0 M||304.5 M||448.5 M|
|Float shares||1,900.0 M||3,320.0 M||1,090.0 M||260.1 M||441.9 M|
|- Institutional holdings (%)||67.5%||11.3%||75.1%||92.4%||72.5%|
|- Insider holdings (%)||0.1%||0.0%||0.1%||11.8%||0.2%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$114.74 - $115.58|
|Average true range||$2.04|
|50d mov avg||$118.10|
|100d mov avg||$119.70|
|200d mov avg||$118.32|
Chevron performanceTo better understand Chevron performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Chevron to BP p.l.c, , Hess, , Suncor Energy, Total and Exxon Mobil:
Chevron competitorsWe chose a few stocks to conform a list of Chevron competitors to watch if you are interested in investing in CVX:
Latest Chevron stock news
- InvestorPlaceChevron Earnings Preview: What CVX Stock Experts ExpectAugust 1, 2019
- InvestorPlaceWith Cash for M&A or Buybacks, Chevron Stock Is Only Going to Get BetterJuly 24, 2019
- Seeking AlphaChevron Continues As High-Profile Permian PlayerJuly 19, 2019
- InvestorPlaceExxonMobil or Chevron? An Easy Buy DecisionJuly 10, 2019
- InvestorPlaceShould You Buy Chevron Stock? Only If You Wait for This …June 5, 2019