Chevron stock: buy or sell?
April 2nd, 2020
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide.
Should I buy Chevron stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. 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 post stock ratings everyday.Unfortunately, we couldn't find any rating for CVX stock for the last month.
Chevron stock analysis
After sliding a frightening -5.69% yesterday, Chevron closed today at $76.12 and boosted a super good 11.03%.
After sliding a frightening -5.69% yesterday, Chevron closed today at $76.12 and boosted a super good 11.03%. Since price and SMA200d lines crossed down on January, CVX fell $-41.56 per share (-35.32%).
Chevron rocketed a super good 10.67% this week. By mid March CVX plunged a bloodcurdling -40.46% in just one week.
Since early January, when CVX stock price broke down the 40-weeks moving avarage line, it slid $-43.49 per share (-36.36%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high Chevron recorded late July 2019 and since then the price is -38.13% below that top.
Chevron stock price history
Chevron stock historical price chart
CVX stock reached all-time highs on July with a price of $123.04.
Chevron stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not found any price forecast for Chevron stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, Chevron . As soon as we get its actual EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an outstanding gain of 17.99% to $158,902.00 million USD. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) inched a 2.50% to 9.33%. To have an updated 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 earnings were $13,835.00 million USD. When comparing this TTM figures with the last reported annuality, we can esteem Chevron business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, decreased a disappointing -1.12%. In the same way, profit margin (net income/revenues) stayed steady at 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 M in sales for 2019-Q1, a -15.24% decline compared to previous quarter. Reported quarter income marked $2,649.00 M with a profit margin of 7.75%. Profit margin depreciated a -1.50% compared to previous quarter when profit margin was 9.25%. When comparing revenues to same quarter last year, Chevron sales marked an awful correction and declined 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 always worth to have a look 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, 68.53% 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 companies:
|Market cap||$143.9 B|
|Total shares||1,890.0 M|
|Float shares||1,880.0 M|
|- Institutional holdings (%)||68.5%|
|- Insider holdings (%)||0.1%|
|Shares in short selling||0.0%|
|Thursday, April 2nd, 2020|
|Day range||$69.57 - $78.70|
|Average true range||$8.37|
|50d mov avg||$92.19|
|100d mov avg||$104.54|
|200d mov avg||$110.87|
Chevron performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Chevron, the comparison is made against .
Chevron competitorsUnfortunately, we could not find any public company that could be defined as Chevron competitor. This doesn't mean Chevron does not have any competitor in the market, it's just we could not detected it.
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