Chevron (CVX) Stock Price, News & Analysis

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CVX shares.
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18 analysts have issued 1 year target prices for Chevron's shares. Their CVX share price targets range from $150.00 to $201.00. On average, they expect the company's stock price to reach $180.95 in the next twelve months. This suggests a possible upside of 19.8% from the stock's current price.
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Chevron's stock was trading at $149.16 at the beginning of the year. Since then, CVX shares have increased by 1.3% and is now trading at $151.04.
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Chevron saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 40,140,000 shares, an increase of 8.5% from the December 15th total of 36,980,000 shares. Based on an average trading volume of 10,820,000 shares, the short-interest ratio is currently 3.7 days. Approximately 2.1% of the shares of the company are sold short.
View Chevron's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our CVX earnings forecast.

Chevron Co. (NYSE:CVX) posted its quarterly earnings results on Friday, February, 2nd. The oil and gas company reported $3.45 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.26. The oil and gas company had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a net margin of 10.63% and a trailing twelve-month return on equity of 15.24%. The business's revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.09 earnings per share.
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Chevron declared a quarterly dividend on Friday, February 2nd. Shareholders of record on Friday, February 16th will be paid a dividend of $1.63 per share on Monday, March 11th. This represents a $6.52 annualized dividend and a yield of 4.32%. The ex-dividend date is Thursday, February 15th. This is an increase from the stock's previous quarterly dividend of $1.51.
Read our dividend analysis for CVX.

Chevron (NYSE:CVX) pays an annual dividend of $6.04 per share and currently has a dividend yield of 4.00%. CVX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 40.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVX.

ETFs with the largest weight of Chevron (NYSE:CVX) stock in their portfolio include Energy Select Sector SPDR Fund (XLE), Vanguard Energy ETF (VDE), Strive U.S. Energy ETF (DRLL), Fidelity MSCI Energy Index ETF (FENY), iShares U.S. Energy ETF (IYE), Direxion Daily Energy Bull 2x Shares (ERX), ProShares Ultra Energy (DIG) and iShares MSCI Global Energy Producers ETF (FILL).

Chevron declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 25th 2023, which allows the company to buyback $75,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 21.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

421 employees have rated Chevron Chief Executive Officer Mike Wirth on Glassdoor.com. Mike Wirth has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Chevron investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), Intel (INTC), Pfizer (PFE), Cisco Systems (CSCO), AbbVie (ABBV) and Walt Disney (DIS).

Chevron's stock is owned by many different institutional and retail investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (1.39%), Norges Bank (1.03%), Franklin Resources Inc. (0.83%), Dimensional Fund Advisors LP (0.71%), Fisher Asset Management LLC (0.46%) and Swiss National Bank (0.30%). Insiders that own company stock include Alice P Gast, Colin E Parfitt, David A Inchausti, David A Inchausti, Eimear P Bonner, Eimear P Bonner, Enrique Hernandez Jr, Enrique Hernandez, Jr, James William Johnson, Jeff B Gustavson, Jeff B Gustavson, Joseph C Geagea, Mark A Nelson, Michael K Wirth, Michael K Wirth, Pierre R Breber, R Hewitt Pate, Rhonda J Morris and Wanda M Austin.
View institutional ownership trends.

Shares of CVX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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