Chevron: The Party Is Over

Apr. 05, 2021 9:55 AM ETChevron Corporation (CVX) StockCVX89 Comments
Josh Arnold
24.85K Followers

Summary

  • Chevron shares have flown higher in recent months.
  • But that move appears to be due to the move in crude oil, which has stalled.
  • Chevron continues to cut capex and sell assets to pay its dividend, so the payout is safe.
  • But the stock is fully valued at best and needs a period of digestion or a pullback.
Chevron Reports $8.3 Billion Loss For Second Quarter
Photo by Justin Sullivan/Getty Images News via Getty Images

Energy stocks as a sector were beaten down for several months following the initial panic of the pandemic. That made sense as air travel all but stopped, and tens of millions of people began working from home or were simply let go

This article was written by

24.85K Followers
Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow. Josh is the leader of the investing group Timely Trader where he focuses on limiting risk and maximizing potential reward. Features of Timely Trader include: real-time alerts, a model portfolio, technical charts, sentiment indicators, and sector analysis to find the best trading opportunities. Learn more.

Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About CVX Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on CVX

Related Stocks

SymbolLast Price% Chg
CVX
--