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Is Chevron (CVX) Stock Outpacing Its Oils-Energy Peers This Year?

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Investors focused on the Oils-Energy space have likely heard of Chevron (CVX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Chevron is one of 311 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CVX is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for CVX's full-year earnings has moved 15.23% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, CVX has returned 14.24% so far this year. In comparison, Oils-Energy companies have returned an average of 10.08%. This shows that Chevron is outperforming its peers so far this year.

Breaking things down more, CVX is a member of the Oil and Gas - Integrated - International industry, which includes 15 individual companies and currently sits at #191 in the Zacks Industry Rank. On average, this group has gained an average of 11.20% so far this year, meaning that CVX is performing better in terms of year-to-date returns.

Investors with an interest in Oils-Energy stocks should continue to track CVX. The stock will be looking to continue its solid performance.


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