Schaeffer's Top Stock Picks for '25

Chevron's Refining Business Marks 1st Loss in 4 Years

Options traders were already bearish ahead of today's event

Deputy Editor
Jan 31, 2025 at 9:20 AM
facebook X logo linkedin


The shares of blue-chip energy concern Chevron Corp (NYSE:CVX) are down 1.3% in premarket trading after the company missed fourth-quarter earnings estimates. Weakness in its refining business drove the decline, with its first loss in four years. However, revenue surpassed expectations with ease.

Coming into today, CVX boasts modest leads on a year-to-date and year-over-year basis, up 7.9% and 6%, respectively. The equity is on track for a monthly win, but is now poised to turn in a loss for the week. Set to open near $154.25, Chevron stock could slip below key support at $155, though support at its 80-day moving average may limit further downside.

Analysts could feel compelled to adjust their outlooks. Of the 22 brokerages covering CVX, 17 rate it a "buy" or better. The stock’s average 12-month price target of $176.43 represents a 12.9% premium to yesterday's close, leaving plenty of room for downgrades and/or price-target cuts.

Meanwhile, options traders are showing heightened bearish sentiment. Chevron stock’s 50-day put/call volume ratio over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks in the 100th percentile of the past year.

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

FREE Opening View

 
 

Featured Articles from Trusted Partners:

The $23,000,000,000,000 Ace Up Elon’s Sleeve
Elon & Trump are working on something up to 1,000x BIGGER than Tesla. It’s a $23 Trillion opportunity, and you can tap in right now for just $1.

Easy 92% Crypto Dividends (No Coins Req)
There's actually a new way to collect a massive dividend that's indirectly based on $COIN stock and offers a terrific monthly income 

Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter