Chevron stock: buy or sell?

CVX stock price: $117.31 1.30% At close on August 19th, 2019

Updated on:
August 19th, 2019

4

Shares of Chevron closed today at $117.31 and stepped up a decent 1.30%.

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide.

Should I buy Chevron stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Just 1 of our buy setups matches with Chevron stock now:

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MAYes
100d MA crossing up 200d MANo

Is Chevron stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 15 ratings published for CVX stock in the last 30 days.

The general sentiment of these ratings is bullish for CVX stock, with 13 positive ratings.
Is CVX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-19Barclaysn/aOverweight
2019-7-12Morgan Stanleyn/aOverweight
2019-6-24Morgan Stanleyn/aBuy
2019-5-16Morgan Stanleyn/aOverweight
2019-5-15Goldman Sachs GroupBuyConviction-Buy
2019-5-13Citigroupn/aBuy
2019-4-15Citigroupn/aBuy
2019-4-12Morgan Stanleyn/aOverweight
2019-4-12Morgan Stanleyn/aOverweight
2019-4-12Bank of AmericaNeutralBuy
2019-4-1Morgan Stanleyn/aOverweight
2019-3-6Royal Bank of Canadan/aSector Perform
2019-3-6Mizuhon/aBuy
2019-3-6Barclaysn/aOverweight
2019-3-1Tudor Pickeringn/aBuy

Chevron stock analysis

Daily outlook

Chevron shares stepped up 1.30% to $117.31 today.

Shares of Chevron closed today at $117.31 and stepped up a decent 1.30%. Today CVX price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. CVX marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $122.63 would break this short term down trend and open possibilities for reversing this situation. Since last April when SMA100d and SMA200d crossed up, CVX price slipped $-2.17 per share (-1.82%). On Jul/25, CVX hit new all time highs, pushing higher previous ATH of $125.65 recorded on Jul/24. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

CVX stock chart (daily)

Weekly outlook

Chevron broke up the SMA line of 200d, closing at $117.31.

Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $125.71 resistance. Not so far away is the last all-time high Chevron marked late July. Since SMA20w and SMA40w crossed up by mid April, CVX price slid a -0.07%.

CVX stock chart (weekly)

Chevron stock price history

Chevron stock historical price chart

CVX stock reached all-time highs on July 25th with a price of $125.71.

Chevron stock price target is $144.90

Nobody 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. We found 10 price forecasts for Chevron stock published in the last month:
CVX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-12Morgan StanleyLowers Target$146.00$144.00-1.4%
2019-6-24Morgan StanleySet Price Targetn/a$146.00-
2019-5-16Morgan StanleyLowers Target$150.00$149.00-0.7%
2019-4-15CitigroupRaises Target$135.00$142.005.2%
2019-4-12Morgan StanleyReiteratesn/a$150.00-
2019-4-12Morgan StanleyInitiatesn/a$150.00-
2019-3-6Royal Bank of CanadaUpgradesn/a$145.00-
2019-3-6MizuhoReiteratesn/a$140.00-
2019-3-6BarclaysReiteratesn/a$150.00-
2019-3-1Tudor PickeringInitiatesn/a$133.00-
(in average)$143.70$144.901.0%
Moving in a range from $150.00 and $133.00, the price prediction for Chevron stock is $144.90. In average, analysts' outlook on CVX price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, Chevron stayed stable a slightly good 1.18%. As soon as we get its actual EPS from the earnings report, we will extend this report.
CVX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.77n/a
2017-Q32017-10-270.980.85-13.3%
2017-Q42018-02-021.220.72-41.0%
2018-Q12018-04-271.451.931.0%
2018-Q22018-07-272.061.78-13.6%
2018-Q32018-11-022.062.112.4%
2018-Q42019-02-011.872.0610.2%
2019-Q12019-04-251.44n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Chevron annual turnover rocketed an outstanding 17.99% to $158,902.00 million USD from $134,674.00 marked in 2017. In contrast, its earnings margin (compared to revenues) gained to 9.33%, that is $14,824.00 million.

Chevron fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Chevron TTM sales up to March 2019 were $157,123.00 and income $13,835.00 million dollars. When comparing this TTM figures with the last reported annuality, we can esteem Chevron business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, decreased an unpleasant -1.12%. Regarding profit margin, Chevron stayed stable -0.52% to 9.33%

CVX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
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 M22.19%$9,195 M6.8%-1,950.10%
2018$158,902 M17.99%$14,824 M9.3%61.22%
TTM $157,123 M-1.12%$13,835 M8.8%-6.67%

Quarterly financial results

Chevron posted $34,189.00 M in sales for 2019-Q1, a -15.24% less compared to previous quarter. Reported quarter income marked $2,649.00 M with a profit margin of 7.75%. Profit margin decreased 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 tragic loss and declined a -4.95%. Looking back to recent quarterly results, Chevron posted 2 positive quarters in a row.
CVX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$32,760 M-$1,450 M4.4%-
2017-Q3$33,892 M3.46%$1,952 M5.8%34.62%
2017-Q4$36,381 M7.34%$3,111 M8.6%59.38%
2018-Q1$35,968 M-1.14%$3,638 M10.1%16.94%
2018-Q2$40,491 M12.58%$3,409 M8.4%-6.29%
2018-Q3$42,105 M3.99%$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 ownership

When you are planning to buy a stock, it's always worth to overview 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.

The following table compares ownership indicators for other stocks related to Chevron:

CVXBPCOPHESPSX
Market cap$222.9 B$125.3 B$61.0 B$18.2 B$44.8 B
Total shares1,900.0 M3,400.0 M1,130.0 M303.4 M453.6 M
Float shares1,900.0 M3,320.0 M1,110.0 M253.2 M441.9 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 selling0.0%0.0%0.0%0.0%0.0%

Chevron summary

Monday, August 19th, 2019
Open$117.13
Close$117.31
Day range$116.96 - $117.82
Previous close$115.81
Session gain1.30%
Average true range$2.80
50d mov avg$121.59
100d mov avg$120.00
200d mov avg$116.70
Daily patternlb06a
Weekly pattern lb02a

Chevron performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Chevron to BP p.l.c, , Hess, , Suncor Energy, Total and Exxon Mobil:
Stock3m6m12m
CVXChevron-0.16%0.25%2.57%
BPBP p.l.c-10.27%-10.45%-9.86%
COP-9.47%-22.13%-24.31%
HESHess-8.55%4.78%-2.38%
PSX20.11%3.37%-14.18%
SUSuncor Energy-7.01%-14.38%-27.72%
TOTTotal-7.17%-11.65%-19.65%
XOMExxon Mobil-8.91%-10.00%-8.73%

Chevron competitors

We chose a few stocks to conform a list of Chevron competitors to review if you are interested in investing in CVX:

Latest Chevron stock news