Chevron stock: buy or sell?

CVX stock price: $114.74 -0.53% At close on October 18th, 2019

Updated on:
October 18th, 2019

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Shares of Chevron closed on October 18th at $114.74 and slightly fell a disappointing -0.53%.

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. 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 publish stock ratings everyday. At Stocks2.com, we detected 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
2019-8-29Independent Researchn/aNeutral
2019-8-19Barclaysn/aOverweight
2019-7-12Morgan Stanleyn/aOverweight
2019-6-24Morgan Stanleyn/aBuy
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

Chevron stock analysis

Daily outlook

Chevron shares slightly fell -0.53% to $114.74 on October/18.

Shares of Chevron closed on Oct 18th at $114.74 and slightly fell a disappointing -0.53%. Since Oct/1 when CVX stock price broke down the SMA200d line, it slid $-3.86 per share (-3.25%). On July, CVX hit a new all time high, pushing higher than on July tops. Check different trading setups that use ATHs as triggers.

CVX stock chart (daily)

Weekly outlook

Shares of Chevron decreased a lame -1.21% this week.

Not so far away is the last price record Chevron marked late July. Since late September, when CVX stock price broke down the 40-weeks moving avarage line, it slid $-3.86 per share (-3.25%). Stocks below the 200d moving average line are usually not recommended for average traders. Since SMA20w and SMA40w crossed up by mid April, CVX price slid a -2.26%.

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 $125.71.

Chevron stock price target is $144.30

Nobody 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. For the last 30 days we found 10 price targets for Chevron stock:
CVX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-29Independent ResearchSet Price Targetn/a$127.00-
2019-7-12Morgan StanleyLowers Target$146.00$144.00-1.4%
2019-6-24Morgan StanleySet Price Targetn/a$146.00-
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-
(in average)$143.70$144.300.0%
The price target for Chevron stock is $144.30, moving in a range between $150.00 and $127.00. In average, analysts' outlook on CVX price target is stable from previous estimations.

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 posted EPS from the earnings report, we will update this report.
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

In 2018, Chevron annual revenues skyrocketed a dazzling 17.99% to $158,902.00 million dollars from $134,674.00 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) stepped up a 2.50% to 9.33%.

To have an up to date 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 income was $13,835.00 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Chevron business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, declined an ugly -1.12%. Regarding profit margin, Chevron stayed 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 sales for 2019-Q1, a -15.24% decline 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 turnover to same quarter last year, Chevron sales marked a fatal slide 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 worth to check 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.

For a better context understanding, the following table shows ownership data compared to other related stocks:

CVXBPCOPHESPSX
Market cap$218.0 B$127.4 B$59.9 B$19.8 B$48.1 B
Total shares1,900.0 M3,400.0 M1,110.0 M304.5 M448.5 M
Float shares1,900.0 M3,320.0 M1,090.0 M260.1 M441.9 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 selling0.0%0.0%0.0%0.0%0.0%

Chevron summary

Friday, October 18th, 2019
Open$115.14
Close$114.74
Day range$114.74 - $115.58
Previous close$115.35
Session gain-0.53%
Average true range$2.04
50d mov avg$118.10
100d mov avg$119.70
200d mov avg$118.32
Daily patternlt02a
Weekly pattern

Chevron performance

To better understand Chevron performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Chevron to BP p.l.c, , Hess, , Suncor Energy, Total and Exxon Mobil:
Stock3m6m12m
CVXChevron-7.30%-2.33%1.06%
BPBP p.l.c-2.88%-12.90%-9.56%
COP-9.90%-16.68%-23.92%
HESHess7.59%-0.57%3.97%
PSX6.11%14.54%8.15%
SUSuncor Energy-2.14%-7.23%-12.28%
TOTTotal-4.22%-6.74%-10.75%
XOMExxon Mobil-8.72%-14.67%-13.73%

Chevron competitors

We chose a few stocks to conform a list of Chevron competitors to watch if you are interested in investing in CVX:

Latest Chevron stock news