Chevron stock: buy or sell?

CVX stock price: $76.12 11.03% At close on April 2nd, 2020

Updated on:
April 2nd, 2020

2

After sliding a frightening -5.69% yesterday, Chevron closed today at $76.12 and boosted a super good 11.03%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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

Daily outlook

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%).

CVX stock chart (daily)

Weekly outlook

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.

CVX stock chart (weekly)

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 target

How 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 Share

After 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.
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

Compared 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%.

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% 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.
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 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:

CVX
Market cap$143.9 B
Total shares1,890.0 M
Float shares1,880.0 M
  - Institutional holdings (%)68.5%
  - Insider holdings (%)0.1%
Shares in short selling0.0%

Chevron summary

Thursday, April 2nd, 2020
Open$71.75
Close$76.12
Day range$69.57 - $78.70
Previous close$68.56
Session gain11.03%
Average true range$8.37
50d mov avg$92.19
100d mov avg$104.54
200d mov avg$110.87
Daily patternlt03a
Weekly pattern lb06a

Chevron performance

Performance 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 .
Stock3m6m12m
CVXChevron-36.36%-31.69%-37.24%

Chevron competitors

Unfortunately, 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