Chevron stock: buy or sell?
May 21st, 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. That's why is so important to choose your own trading strategy that matches with your character as inversor. 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 gathered 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|
|2019-1-7||Royal Bank of Canada||n/a||Hold|
Chevron stock analysis
Shares of Chevron closed today at $121.34 and appreciated a tiny 0.41%.
Chevron closed today at $121.34 and appreciated a tiny 0.41%. For the last 18 days when CVX stock price broke up the SMA200d line, it gained $6.09 (5.28%). On April 23rd, SMA100d and SMA200d crossed up triggering a rise of 0.52%.
Shares of Chevron stepped up a slightly fine 0.68% this week. Early April CVX collapsed a spooky -5.57% in just one week.
Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $126.10 resistance. By mid April, SMA20w and SMA40w crossed up triggering a rise of 2.32%. By mid February CVX price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
Chevron stock price history
Chevron stock historical price chart
CVX stock reached 52-week highs on April 8th at $126.10, and all-time highs 2018-01-16 with a price of 126.38.
Chevron stock price target is $142.90How 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. We detected 10 price predictions for Chevron stock published in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|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||-|
|2019-1-7||Royal Bank of Canada||Reiterates||n/a||$130.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on April/25, Chevron inched a slightly fine 3.59%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an outstanding increase of 17.99% to $158,902.00 million USD. In contrary, its earnings margin (compared to revenues) stepped up 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 earnings $13,835.00 M dollars. If we compare this TTM figures with the last reported annuality, we can review Chevron business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, slightly fell a lame -1.12%. Similarly, profit margin (net income/sales) stayed stable 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 reported $34,189.00 M in sales for 2019-Q1, a -15.24% less 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 sales to same quarter last year, Chevron sales marked an awful drop down 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 always worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Chevron, 0.05% of all outstanding shares are owned by its staff.
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 understanding, the following table shows ownership data compared to other related companies:
|Market cap||$230.5 B||$855.6 B||$71.9 B||$19.8 B||$39.1 B|
|Total shares||1,900.0 M||20,010.0 M||1,130.0 M||303.4 M||453.6 M|
|Float shares||1,900.0 M||3,330.0 M||1,130.0 M||252.9 M||440.8 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%|
|Tuesday, May 21st, 2019|
|Day range||$120.90 - $121.94|
|Average true range||$1.91|
|50d mov avg||$120.92|
|100d mov avg||$117.57|
|200d mov avg||$115.96|
Chevron performanceTo better understand Chevron performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Chevron against BP p.l.c, , Hess, , Suncor Energy, Total and Exxon Mobil in the following table:
Chevron competitorsOne check before trading any stock is to review a list of its competitors, in this case for Chevron. We picked 7 companies as Chevron competitors as they are in the same industry or have similar market objectives.
Latest Chevron stock news
- Seeking AlphaChevron: For The Winner, Chicken DinnerMay 20, 2019
- InvestorPlaceChevron News: CVX Stock Jumps After Dropping Anadarko BidMay 9, 2019
- Investors.comStocks Slide On China Tariffs Threat; Intel, Chevron Divide Dow JonesMay 9, 2019
- Seeking AlphaChevron: Failed Anadarko Acquisition, But Strong Continued StrengthMay 8, 2019
- InvestorPlaceChevron Earnings: CVX Stock Dips as Q1 Profit DeclinesApril 26, 2019