Chevron stock: buy or sell?

CVX stock price: $121.34 0.41% At close on May 21st, 2019

Updated on:
May 21st, 2019

5

Shares of Chevron closed today at $121.34 and appreciated a tiny 0.41%.

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.

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 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.
Is CVX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
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
2019-2-28CowenOutperformOutperform
2019-1-7Royal Bank of Canadan/aHold
2019-1-18UBS GroupNeutralBuy

Chevron stock analysis

Daily outlook

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%.

CVX stock chart (daily)

Weekly outlook

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.

CVX stock chart (weekly)

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 $142.90

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. We detected 10 price predictions for Chevron stock published in the last 30 days:
CVX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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-
2019-2-28CowenReiterates$160.00$140.00-12.5%
2019-1-7Royal Bank of CanadaReiteratesn/a$130.00-
(in average)$148.30$142.90-4.0%
Moving in a range from $150.00 and $130.00, the price target for Chevron stock is $142.90. In average, analysts' outlook on CVX price forecast is negative, downsizing the forecast by a -4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After 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.
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 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%.

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 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.
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 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:

CVXBPCOPHESPSX
Market cap$230.5 B$855.6 B$71.9 B$19.8 B$39.1 B
Total shares1,900.0 M20,010.0 M1,130.0 M303.4 M453.6 M
Float shares1,900.0 M3,330.0 M1,130.0 M252.9 M440.8 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 selling0.0%0.0%0.0%0.0%0.0%

Chevron summary

Tuesday, May 21st, 2019
Open$121.03
Close$121.34
Day range$120.90 - $121.94
Previous close$120.84
Session gain0.41%
Average true range$1.91
50d mov avg$120.92
100d mov avg$117.57
200d mov avg$115.96
Daily pattern
Weekly pattern lb02a

Chevron performance

To 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:
Stock3m6m12m
CVXChevron2.63%8.95%3.26%
BPBP p.l.c2.20%10.38%2.13%
COP-8.62%0.66%-1.09%
HESHess14.71%22.80%12.24%
PSX-10.60%-1.39%-22.90%
SUSuncor Energy-2.93%2.66%-12.82%
TOTTotal-1.91%4.64%-2.46%
XOMExxon Mobil-2.10%2.82%0.65%

Chevron competitors

One 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