Chevron stock: buy or sell?

CVX stock price: $109.01 -0.73% At close on February 21st, 2020

Updated on:
February 21st, 2020

3

Chevron ended on February/21 at $109.01 and declined an ugly -0.73%.

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

Should I buy Chevron stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment 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.

None of our preferred buy setups matches with Chevron stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CVX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Chevron stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't detect any rating for CVX stock for the last 30 days.

Chevron stock analysis

Daily outlook

Chevron shares declined -0.73% to $109.01 on February/21.

Chevron declined an ugly -0.73% and closed at $109.01. Since price and SMA200d lines crossed down on January, CVX fell $-8.67 per share (-7.37%).

CVX stock chart (daily)

Weekly outlook

Shares of Chevron decreased an ugly -0.97% this week.

Chevron is in a clear downtrend, marking consecutive falling peaks and bottoms. Now is trading in between the - range. There is a chance to rebound and reverse this situation if price can hold above the level. Since price and 40-weeks moving average lines crossed down early January, CVX fell $-10.60 per share (-8.86%). Stocks below the 40-weeks moving average line are usually not recommended for average traders. Far behind is the all-time high Chevron hit late July 2019 and since then the price is -11.40% 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

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. 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. For the last month we have not detected any price prediction for Chevron stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on April, Chevron . 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 amazing gain of 17.99% to $158,902.00 M dollars. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) gained a 2.50% to 9.33%.

To have an updated view 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 income was $13,835.00 M USD. When comparing this TTM figures with the last reported annuality, we can review Chevron business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, declined a disappointing -1.12%. Regarding profit margin, Chevron remained 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 million in revenues 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 slightly fell 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 decrease and depreciated a -4.95%. Looking back to recent quarterly results, Chevron posted 2 negative 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 company, it's 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, 68.15% 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 next table shows ownership data compared to other related companies:

CVX
Market cap$206.0 B
Total shares1,890.0 M
Float shares1,890.0 M
  - Institutional holdings (%)68.2%
  - Insider holdings (%)0.1%
Shares in short selling0.0%

Chevron summary

Friday, February 21st, 2020
Open$108.99
Close$109.01
Day range$107.65 - $109.19
Previous close$109.81
Session gain-0.73%
Average true range$1.66
50d mov avg$113.61
100d mov avg$114.44
200d mov avg$116.07
Daily pattern
Weekly pattern lt02a

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 performance to :
Stock3m6m12m
CVXChevron-7.04%-3.31%-4.83%

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