Chevron Stock Price, News & Analysis (NYSE:CVX)

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVX shares.
View CVX analyst ratings or view top-rated stocks.

17 Wall Street analysts have issued 12 month price targets for Chevron's shares. Their CVX share price targets range from $169.00 to $212.00. On average, they predict the company's stock price to reach $187.89 in the next twelve months. This suggests a possible upside of 29.7% 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 19.3% and is now trading at $144.84.
View the best growth stocks for 2023 here.

Chevron saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 25,460,000 shares, an increase of 7.3% from the October 31st total of 23,720,000 shares. Based on an average daily volume of 9,060,000 shares, the short-interest ratio is currently 2.8 days. Currently, 1.4% of the shares of the company are short sold.
View Chevron's Short Interest.

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

Chevron Co. (NYSE:CVX) issued its quarterly earnings results on Friday, October, 27th. The oil and gas company reported $3.05 earnings per share for the quarter, missing the consensus estimate of $3.70 by $0.65. The oil and gas company had revenue of $54.08 billion for the quarter, compared to analyst estimates of $51.41 billion. Chevron had a net margin of 12.11% and a trailing twelve-month return on equity of 16.15%. The business's quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the company earned $5.56 earnings per share.
Read the conference call transcript.

Chevron announced a quarterly dividend on Friday, October 27th. Investors of record on Friday, November 17th will be paid a dividend of $1.51 per share on Monday, December 11th. This represents a $6.04 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, November 16th.
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 4.17%. 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 44.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 40.29% 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 repurchase 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 purchase up to 21.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management 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 Berkshire Hathaway Inc (5.84%), Morgan Stanley (1.81%), Charles Schwab Investment Management Inc. (1.30%), Northern Trust Corp (1.20%), Bank of New York Mellon Corp (0.87%) and Ameriprise Financial Inc. (0.78%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.