Chevron stock: buy or sell?
August 19th, 2019
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:
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||Yes|
|100d MA crossing up 200d MA||No|
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.
|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 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.
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%.
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 $144.90Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|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 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%
|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% 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.
|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 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:
|Market cap||$222.9 B||$125.3 B||$61.0 B||$18.2 B||$44.8 B|
|Total shares||1,900.0 M||3,400.0 M||1,130.0 M||303.4 M||453.6 M|
|Float shares||1,900.0 M||3,320.0 M||1,110.0 M||253.2 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%|
|Monday, August 19th, 2019|
|Day range||$116.96 - $117.82|
|Average true range||$2.80|
|50d mov avg||$121.59|
|100d mov avg||$120.00|
|200d mov avg||$116.70|
Chevron performancePerformance 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:
Chevron competitorsWe 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
- 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