Overall market sentiment has been high on Chevron Corporation (CVX) stock lately. CVX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Chevron Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CVX!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CVX Stock Today?
Chevron Corporation (CVX) stock is lower by -1.08% while the S&P 500 has gained 1.02% as of 12:38 PM on Friday, Aug 12. CVX is down -$1.72 from the previous closing price of $159.62 on volume of 3,571,155 shares. Over the past year the S&P 500 is lower by -4.44% while CVX has gained 53.52%. CVX earned $14.97 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.55.
To see InvestorsObserver's Sentiment Score for Chevron Corporation click here.
More About Chevron Corporation
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second- largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2021 stood at 11.3 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.
Click Here to get the full Stock Report for Chevron Corporation stock.
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