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Chevron Corporation (CVX)

NYSE - NYSE Delayed Price. Currency in USD
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100.00-2.35 (-2.30%)
At close: 4:04PM EST
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  • W
    I bought 20 shares of CVX stock Monday and Tuesday at 95 and 99 bucks, yah me... I want more but not at these prices, if it dips I'll buy 20 more shares maybe even 30 more.

    When Warren Buffett began buying more Bank of America last summer I bought BAC just because he did, and I'm up about 40% now, BUT there were bad dips in that stock after he bought.

    I'm hoping for same with CVX. Right now it's hot, so I won't chase it, but if it dips, I'll get more.
  • D
    Averaged in @ $ 75.03. Did not expect this to go up this fast. Do I keep forever, or take my profit and move on? It is about 5% of my portfolio. Thanks in advance.
  • t
    Goldman Sachs out today with $75 oil by Q3. Good news
  • g
    My buddy, Warren and I are raking the cash. CVX is going to $150.
  • P
    Prosperous Bohunk
    Investors, keep your shares and ignore the bears. They’re playing with you and you know it.
  • j
    $T conversation
    I think Buffett trimming on Apple and buying dividend stocks $VZ and $CVX might start a new rotation trend. Trim high-flying tech and move them to dividend stocks.
  • J
    I will have CVX assigned at $100 on March 19 having sold calls at that strike and expiration. I wish you all good luck in the coming month. A manipulated market crowded with so many new players who are simply gamblers and not investors almost guarantees a real sell off in the not-to-distant future. Good luck when the selling begins.
  • G
    I believe that Buffett taking a stake in CVX is a positive move for the CVX stockholders. However, before your start buying CVX at these levels, just remember folks, Buffett took a large position in XOM (Exxon) a few years back at a high price ($90ish). If you bought on that, ultimately you were left holding the bag when Buffet exited XOM at a lower price. Just saying.
  • O
    There is a federal 18.4 cent per gallon tax on gasoline and 25 cents on diesel plus state taxes on every gallon sold. Elec vehicles pay nothing. They need to get rid of all the tax incentives for elec cars before the states go broke. But how? Tax the charging stations? Tax the vehicles? We shall see.
  • J
    Should we follow Buffet to energy stocks???
    He's late to the party!!!
  • j
    Ceo announced at earnings dividend likely raised if Brent stays around $55.
    What happens if Brent stays around 65?
  • F
    The long awaited rotation has begun into banks and oil.
  • J
    $OXY conversation
    Yahoo I realized that most of the Authors here also post in other Oil Stock Forums. I bought Occidental after reading Yahoo hosted Occidental web page and thinking that I am fooled by Internet Authors. I have raised a complaint to Financial Conduct Authority UK $BP $APA $MRO $CVX $RDSA
  • B
    90s dot-com bubble is here again...
    1. Shiller P/E multiples are highest in two decades.
    2. The VIX averaged 30 last year vs 25 at the height of dot-com bubble. Peak this year of 37 eclipsed high of 33 in 2000.
    3. S&P market-cap concentration at all-time high makes index-tracking funds vulnerable to swings in just a few companies.
    4. Bullish stampede of IPOS like dotcom era. In 2020 there were 538 IPOs, including 248 SPACs, themselves a frothy indicator
    5. Warren Buffett’s favorite valuation metric: simple ratio of the total U.S. stock market capitalization to annual gross domestic product. "If the ratio approaches 200% as it did in 1999 and a part of 2000 you are playing with fire," said Buffett.
    6. 90% of options buyers lose money. Put/call ratio is seen as a contrarian indicator. Currently the put/call ratio is 0.4 vs 0.39 in March 2000 at the peak of internet stock buying mania.
    7. Margin debt balances are hitting all-time high of $778 billion 37x the $21 billion in March 2000. Also margin debt to cash in customer accounts is now 72% more debt than cash vs 79% in 2000.
  • B
    Big news for. $CVX it sounds like Chevon maybe going to be working with $GEVO. They are. Gevo Inc. is engaged in commercializing jet fuel, gasoline and diesel fuel. The Company's fermentation yeast biocatalyst produces isobutanol through fermentation of renewable plant biomass
  • n
    CVX. Now move the he!! Out of CA.
  • S
    Steve J
    Texas's largest refinery closes due to cold. Drilling stops in several areas. 1 Million barrels a day lost. Cold grips the entire nation.

    Oil is going to explode higher over the next few months. Shorts ate toast! The covering will drive CVX / XOM / XLE and most others much, much higher.
  • j
    $TSLA conversation
    JP Morgan Quant Expert predicts Secular Bull Market in oil companies driven by algorithm initiated short squeeze in March 2021

    JPM quant trading and valuation experts Marko Kolanovic predicts the next 12 years will be the most profitable era for oil investors in the past 100 years due to inflation, the weakening US Dollar (caused by stimulus), a booming stimulus-driven recovery, and under-investment in oil production caused by environmental concerns.

    The fundamentals will be compounded by automatic trading by algorithm driven super-fast traders called Quants.

    The market will begin automatically rebalancing out of short positions in mid-March due to the recent rise in energy company stocks, oil prices and excess liquidity.

    The best picks to cash in on this cycle are $OXY, $XOM, $CVX, $ET, $ERX & $XLE.

    The following is an excerpt from his article.

    Quants and Momentum Investing

    In a market where algos and trend-followers have emerged as one of the dominant price-setting forces, it is hardly a surprise that the JPM quant focuses on their influence as the driver behind a commodity supercycle. Indeed, he writes that after "CTAs played significant role in the 2014 oil price downturn" more recently, "CTA funds have been adding Energy exposure. The reason is that 12-month momentum turned positive on Oil, and going forward signals will remain solidly positive."

    And since vol-control funds are some of the dumbest money around and their actions can be anticipated well in advance, JPM notes that "a further decline in volatility will likely result in larger and more stable cross-asset quant allocations. A larger momentum impact may affect Energy equities, which is the only sector that still has a strongly negative momentum signal and is hence heavily shorted in the context of factor investing."

    That, JPMorgan believes, will "change in mid-March, when the momentum signal for energy equities turns positive" which may be a hint to the redditors out there: if you want to squeeze the systematic shorts, do it where it hurts and buy some energy stocks to crush the CTAs. You have about a month to do so because JPM's model momentum factor "will need to rebalance in March by closing ~20% of its allocation to Energy equity shorts, and adding ~2% to energy longs, for a ~22% net buying in Energy."

    What is the quantitative significance of these flows? Kolanovic calculates that if one roughly assumes that there is about ~$1Tr in equity long-short quant funds and that half of these funds are not sector neutralized, "the flows could be quite significant, roughly $20-$30bn." As shown in the chart below, the ratio of energy shares shorted vs all other S&P 500 shares shorted, closely followed the commodity supercycle.

    Remarkably, most recently the number of shares shorted for energy was 4 times the S&P 500 average (note that given the decline of the sector’s weight, energy share prices declined, and the effective $ amount shorted was only 2 times larger). In other words, one doesn't even need to squeeze the shorts: come March - absent some major new crisis - as a result of broader market technicals the prevailing shorts will close them out on their own and go long.

    Another "flow factor" behind the "supercycle" is rotation by discretionary funds and retail: In the period from 2010 to 2015, the Energy sector had a 10.6% allocation in conventional equity portfolios. Since then, this has declined to a 3.1% weight currently (Figure 4). The largest decline was in active allocations, which declined from 7% to 1.5% (while passive allocations decreased from 3.6% to 1.8%), which is understandable - investors dumped "dead stocks" to chase growth and momentum, but the tide is now turning, and "any retracement of this decline, on a US equity fund asset base of ~$14T would result in significant inflows and re-pricing."

    According to Kolanovic, as economies reopen, inflation moves higher, and yield curves steepen, active funds are expected to first close cyclical shorts, and then rotate from long secular growth towards value and cyclicals. His next point is critical: given that equity assets significantly increased over the last 10 years, and the energy sector significantly decreased, even a small rotation could produce an outsized move.
    JPM has a hot tip for investors: the biggest systematic shorts are in the energy sector.
    JPM has a hot tip for investors: the biggest systematic shorts are in the energy sector.
  • S
    Steve J
    Serious problems for short holders. Spot market prices skyrocketing with the shutting of 5 refineries in Texas. Pipelines shutdown due to freezing in pipes and demand skyrocketing. It isn't expected to end anytime soon with more storms expected this week.

    Oil headed to $70+ shory term and $80+ by end of Q2. Coronavirus recovery and the economy reopening will push oil much, much higher.
  • J
    Warren Buffet purchased this stock through Berkshire Hathaway