How to Buy Chevron Stock
Chevron Corp
Chevron is a oil & gas integrated company located in California, United States, which is part of the Energy sector, and is traded under the ticker CVX on the NYSE exchange.
Chevron stock last closed at $165.82, up 0.22% from the previous day, and has increased 5.56% in one year. It has underperformed other stocks in the Oil & Gas Integrated industry by 0.12 percentage points. Chevron stock is currently +18.77% from its 52-week low of $139.62, and -3.42% from its 52-week high of $171.70.
At the moment, there are 1.85B CVX shares outstanding. The market value of CVX is $306.27B. In the last 24 hours, 5.43M CVX shares were traded.
How to Buy Chevron Stock
Wondering how to invest in Chevron stock? Here's how.
- Choose where to buy Chevron stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you figure out where to buy Chevron stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Choose your payment method and add your info.
- Research Chevron stock: The Chevron ticker symbol is CVX. Is Chevron stock a good investment? Should you buy shares of CVX? How do CVX's underlying business fundamentals look? Do top analysts think Chevron is a good buy? Why has CVX's stock price moved recently? (Hint: Our stock market research tools can help you understand if CVX is a good stock to buy).
- Execute your CVX trade: Decide if you will purchase CVX shares at the current market price or use a limit order to buy CVX stock at a particular price.
- Get notifications regarding your CVX position: Create a watchlist to key updates about your investment in Chevron shares.
Step 1: Choose where to buy Chevron stock
You need a brokerage account to access the NYSE market and buy CVX shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best online stock brokerage. Here's why:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal info so you can invest in CVX stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new trading account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've opened your account on our top ranked stock trading app, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing money into your new brokerage account.
Step 4: Research Chevron stock
After you have chosen the best place to buy Chevron stock, it's critical to analyze their stock prior to investing, so you actually wrap your head around the risk as well as the upside.
Chevron Metrics
Chevron Overview
WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CVX's stock page.
What is the fair value of CVX stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge CVX's fair value.
Using relative valuations methods:
- CVX may be overvalued based on its P/E ratio of 15.18x, relative to Oil & Gas Integrated industry P/E ratio of 12.02x
- CVX could be overvalued based on its P/B ratio of 1.91x, relative to Oil & Gas Integrated industry P/B ratio of 1.66x
- CVX may be undervalued based on its PEG ratio of 0.97x
You can access more valuation analysis on CVX's stock here.
CVX Financial Health
Signs that CVX is financially healthy:
- CVX's operating cash flow of $35.23B allows it to safely service it's debt of $21.84B.
- CVX earnings of $28.40B is not enough to cover its interest payments.
- Total CVX debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the CVX balance sheet.
Signs that CVX is not financially healthy:
- CVX profit margin has gone down from 14.7% to 10.2% in the past year.
- CVX has a relatively high debt to equity ratio of 0.62.
- There are more long-term liabilities than short-term assets on the CVX balance sheet.
Do Wall Street analysts think it's a good time to buy CVX stock
Out of 13 sell side analysts who give recommendations on CVX, the consensus analyst rating on Chevron is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent CVX Analyst Forecasts
Justin Jenkins, a top 1% analyst from Raymond James maintains CVX with a buy rating and raises their CVX price target from $170.00 to $174.00, on Apr 15, 2024.
Paul Cheng, a top 9% analyst from ScotiaBank upgrades CVX to a buy rating and raises their CVX price target from $170.00 to $195.00, on Apr 11, 2024.
Betty Jiang, a bottom 9% analyst from Barclays initiates coverage on CVX with a strong buy rating and announces their CVX price target of $203.00, on Apr 10, 2024.
Josh Silverstein, a top 17% analyst from UBS maintains CVX with a strong buy rating and raises their CVX price target from $185.00 to $197.00, on Apr 9, 2024.
Nitin Kumar, a top 1% analyst from Mizuho maintains CVX with a strong buy rating and raises their CVX price target from $195.00 to $200.00, on Mar 20, 2024.
You can dive deeper into what analysts are projecting on the Chevron stock forecast page.
Metrics for Advanced CVX Traders
CVX Revenue
Last year, CVX earnings were $20.30B. In the past five year, CVX's earnings have increased by 8.42% per year. This was slower than the Oil & Gas Integrated industry average of 12.5%.
Last year, CVX revenue was $198.87B. During the past five year, CVX's revenue has increased by 3.96% per year. This was faster than the Oil & Gas Integrated industry average of 3.39%.
Dive into CVX's earnings and revenue performance here.
Who is buying/selling CVX?
Over the last year, executives and large shareholders at CVX have sold more shares than they have bought.
Enrique Hernandez Jr., Director of CVX, was the latest CVX insider to sell. They sold $415,487.00 worth of CVX shares on May 6, 2024.
Dig into more about who owns CVX shares here.
Does CVX stock generate passive income?
Chevron pays a dividend of 3.71%, compared to the Oil & Gas Integrated industry's average dividend yield of 5.37%. If you owned $1,000 of CVX stock, you would have been paid $37.15 last year.
Chevron dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Chevron dividend yield and history here.
What others are saying about CVX
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your CVX trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, use a limit order.
Press the Open Trade button and your broker will place your order.
If you require more help with investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your CVX position
Now that you own some shares in CVX, you'll want to stay up-to-date on your new investment.
Create a watchlist to keep track of your CVX stock.
CVX Feed
How to Buy Stock in Chevron
To summarize, here are the 6 steps for buying Chevron stock:
- Choose where to buy Chevron stock
- Sign up for a brokerage account
- Deposit money your investment account
- Research Chevron stock
- Execute your CVX trade
- Get notifications regarding your CVX position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Chevron, get started below.
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