Finance

Analyzing the Insider Data for Chevron Corporation (CVX)

Recent insider trends for Chevron Corporation (NYSE:CVX) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. CVX’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 64.39% of Chevron Corporation (CVX)’s shares. The total value of these holdings, in millions, is $160,584. Among active positions in the latest quarter, 847 holders increased their positions by a total of 50.13 million shares, 967 holders decreased the positions by a total of 22.63 million shares, and 245 holders held their positions. This works out to a net increase in ownership of 27.5 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 88 holders initiated new positions by a total of 6.45 million shares and 59 holders exited their positions by a total of 1.71 million shares. This nets out to an increase of 4.74 million shares and is a bullish sign for CVX.

In the last three months, insiders executed a total of 10 trades. 1 of these were buys and 9 were sells. Insider ownership decreased by a total of 295390 shares, which suggests that CVX’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 11 buys and 18 sells, and ownership decreased by a net of 574042 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Chevron Corporation (NYSE:CVX)’s short interest is 21.86 million shares, or 1.15% of the float. This represents a decrease of -8% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CVX is a Strong buy, which implies that CVX is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Chevron Corporation (NYSE:CVX) is undervalued.

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