Chevron (CVX) Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 7 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CVX shares.
View CVX analyst ratings or view top-rated stocks.

19 equities research analysts have issued twelve-month target prices for Chevron's shares. Their CVX share price forecasts range from $170.00 to $212.00. On average, they predict the company's stock price to reach $194.12 in the next twelve months. This suggests a possible upside of 26.0% from the stock's current price.
View analysts price targets for CVX or view top-rated stocks among Wall Street analysts.

Chevron's stock was trading at $179.49 at the start of the year. Since then, CVX stock has decreased by 14.2% and is now trading at $154.08.
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Chevron saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 15,390,000 shares, an increase of 8.3% from the April 30th total of 14,210,000 shares. Based on an average daily volume of 7,700,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.8% 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, August 4th 2023.
View our CVX earnings forecast.

Chevron Co. (NYSE:CVX) posted its earnings results on Friday, April, 28th. The oil and gas company reported $3.55 EPS for the quarter, topping analysts' consensus estimates of $3.41 by $0.14. The oil and gas company earned $50.79 billion during the quarter, compared to analyst estimates of $49.49 billion. Chevron had a net margin of 14.74% and a trailing twelve-month return on equity of 23.15%. Chevron's revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.36 earnings per share.
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Chevron announced a quarterly dividend on Friday, April 28th. Stockholders of record on Friday, May 19th will be paid a dividend of $1.51 per share on Monday, June 12th. This represents a $6.04 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Thursday, May 18th.
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), Fidelity MSCI Energy Index ETF (FENY), iShares U.S. Energy ETF (IYE), Vanguard Energy ETF (VDE), Strive U.S. Energy ETF (DRLL), ProShares Ultra Energy (DIG), Direxion Daily Energy Bull 2x Shares (ERX) 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 3.92%. 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 32.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 39.20% 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 has authorized a stock buyback plan on Wednesday, January 25th 2023, which authorizes the company to buyback $75,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 21.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVX."

Chevron's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.06%), Berkshire Hathaway Inc (6.99%), State Street Corp (6.64%), Geode Capital Management LLC (1.72%), Charles Schwab Investment Management Inc. (1.25%) and Bank of New York Mellon Corp (0.93%). 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, 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 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 $154.08.

Chevron (NYSE:CVX) has a market capitalization of $291.93 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 $18.52 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.