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 $161.93, down 0.11% from the previous day, and has increased 12.52% in one year. It has overperformed other stocks in the Oil & Gas Integrated industry by 0.04 percentage points. Chevron stock is currently +19.62% from its 52-week low of $135.37, and -3.1% from its 52-week high of $167.11.
At the moment, there are 1.8B CVX shares outstanding. The market value of CVX is $291.00B. In the last 24 hours, 5.08M 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
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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 17.72x, relative to Oil & Gas Integrated industry P/E ratio of 13.6x
- CVX could be overvalued based on its P/B ratio of 1.86x, relative to Oil & Gas Integrated industry P/B ratio of 1.49x
- CVX may be undervalued based on its PEG ratio of 0.98x
You can access more valuation analysis on CVX's stock here.
CVX Financial Health
Signs that CVX is financially healthy:
- CVX earnings of $25.40B is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the CVX balance sheet.
- CVX's operating cash flow of $35.23B allows it to safely service it's debt of $25.84B.
Signs that CVX is not financially healthy:
- There are more long-term liabilities than short-term assets on the CVX balance sheet.
- CVX profit margin has gone down from 12.1% to 8.4% in the past year.
- CVX has a relatively high debt to equity ratio of 0.65.
- Total CVX debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy CVX stock
Out of 10 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
Jean Ann Salisbury, a top 33% analyst from Bank of America reinstates CVX with a strong buy rating and announces their CVX price target of $168.00, on Oct 17, 2024.
Bank of America's Jean Ann Salisbury reinstated their Strong Buy rating on Chevron (NYSE: CVX). The analyst also announced a $168 price target.
Reinstating coverage on the name, Salisbury said Chevron's underlying business is attractive at the current price of the stock, which has been experiencing "a Hess overhang."
Earnings Report
For Q3 2024, Chevron reported:
- EPS of $2.51, which beat the Zacks Consensus Estimate of $2.47 but missed Q3 2023's $3.05.
- Revenue of $4.02B, which beat the Zacks Consensus Estimate of $3.75B and was up 4.9% Y/Y.
For Q4 2024, management guided:
- Production of 811,000 to 830,000 Boe per day, up 13% Y/Y.
- Capex of $915M to $985M.
Chairman & CEO Mike Wirth reported: “We delivered strong financial and operational results, started up key projects in the U.S. Gulf of Mexico and returned record cash to shareholders this quarter.
"Worldwide net oil-equivalent production increased 7 percent from last year as U.S. and Permian Basin production set another quarterly record.
"Chevron started up key projects in Anchor, Jack/St. Malo and Tahiti fields this quarter. These projects, combined with additional project start-ups through 2025, are expected to grow U.S. Gulf of Mexico production to 300,000 barrels of net oil equivalent per day by 2026.
“We are also taking steps to optimize our portfolio and reduce operating costs to deliver superior long-term value to shareholders.
"The company expects to close asset sales in Canada, Congo and Alaska in Q4 2024, as part of its plan to divest $10-$15 billion of assets by 2028.
"Additionally, cost reduction efforts are underway, and the company is targeting $2-$3 billion of structural cost reductions from 2024 by the end of 2026."
Paul Cheng, a top 16% analyst from ScotiaBank maintains CVX with a buy rating and lowers their CVX price target from $180.00 to $163.00, on Oct 10, 2024.
Roger Read, a top 6% analyst from Wells Fargo maintains CVX with a strong buy rating and lowers their CVX price target from $196.00 to $169.00, on Sep 27, 2024.
Nitin Kumar, a top 3% analyst from Mizuho maintains CVX with a buy rating and lowers their CVX price target from $205.00 to $189.00, on Sep 16, 2024.
Bob Brackett, a top 24% analyst from Bernstein downgrades CVX to a hold rating and lowers their CVX price target from $183.00 to $167.00, on Jul 17, 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 $16.68B. In the past five year, CVX's earnings have increased by 5.39% per year. This was slower than the Oil & Gas Integrated industry average of 11.62%.
Last year, CVX revenue was $197.75B. During the past five year, CVX's revenue has increased by 5.33% per year. This was faster than the Oil & Gas Integrated industry average of 4.48%.
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.
Michael K. Wirth, Chairman and CEO of CVX, was the latest CVX insider to sell. They sold $26,356,904.20 worth of CVX shares on Nov 14, 2024.
Dig into more about who owns CVX shares here.
Does CVX stock generate passive income?
Chevron pays a dividend of 4.03%, compared to the Oil & Gas Integrated industry's average dividend yield of 6.2%. If you owned $1,000 of CVX stock, you would have been paid $40.26 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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