Chevron (CVX) Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. 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 brokers have issued 12 month target prices for Chevron's shares. Their CVX share price forecasts range from $165.00 to $215.00. On average, they predict the company's share price to reach $190.61 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
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Chevron's stock was trading at $179.49 at the beginning of the year. Since then, CVX stock has decreased by 8.0% and is now trading at $165.21.
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Chevron saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 15,440,000 shares, an increase of 10.1% from the August 15th total of 14,020,000 shares. Based on an average trading volume of 7,500,000 shares, the short-interest ratio is presently 2.1 days. Currently, 0.8% of the shares of the stock are sold short.
View Chevron's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our CVX earnings forecast.

Chevron Co. (NYSE:CVX) issued its earnings results on Friday, July, 28th. The oil and gas company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.13. The oil and gas company earned $48.90 billion during the quarter, compared to analysts' expectations of $48 billion. Chevron had a trailing twelve-month return on equity of 19.48% and a net margin of 13.54%. The business's revenue for the quarter was down 28.9% compared to the same quarter last year. During the same quarter last year, the company earned $5.82 EPS.
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Chevron declared a quarterly dividend on Friday, July 28th. Stockholders of record on Friday, August 18th will be given a dividend of $1.51 per share on Monday, September 11th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Thursday, August 17th.
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 (NYSE:CVX) pays an annual dividend of $6.04 per share and currently has a dividend yield of 3.61%. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 41.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVX.

Chevron announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 25th 2023, which authorizes the company to buyback $75,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 21.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Chevron issued an update on its second quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $3.08-$3.08 for the period, compared to the consensus EPS estimate of $3.12. The company issued revenue guidance of -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVX."

Chevron's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (22.53%), BlackRock Inc. (6.68%), Berkshire Hathaway Inc (6.59%), State Street Corp (6.47%), Geode Capital Management LLC (1.74%) and Charles Schwab Investment Management Inc. (1.28%). 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.
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Shares of CVX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CVX stock can currently be purchased for approximately $165.21.

Chevron (NYSE:CVX) has a market capitalization of $308.49 billion and generates $246.25 billion in revenue each year. The oil and gas company earns $35.47 billion in net income (profit) each year or $15.77 on an earnings per share basis.

The company employs 43,846 workers across the globe.

Chevron's mailing address is 6001 BOLLINGER CANYON ROAD, SAN RAMON CA, 94583. The official website for the company is www.chevron.com. The oil and gas company can be reached via phone at (925) 842-1000, via email at invest@chevron.com, or via fax at 415-894-6817.