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Chevron - CVX Stock Forecast, Price & News

$153.40
-0.24 (-0.16%)
(As of 08/8/2022 09:40 AM ET)
Add
Compare
Today's Range
$153.20
$154.96
50-Day Range
$135.94
$181.13
52-Week Range
$92.86
$182.40
Volume
7,915 shs
Average Volume
13.42 million shs
Market Capitalization
$301.40 billion
P/E Ratio
10.23
Dividend Yield
3.70%
Price Target
$173.00

Chevron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
12.8% Upside
$173.00 Price Target
Short Interest
Healthy
1.01% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.20mentions of Chevron in the last 14 days
Based on 39 Articles This Week
Insider Trading
Selling Shares
$67.01 M Sold Last Quarter
Proj. Earnings Growth
-2.34%
From $17.51 to $17.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Oils/Energy Sector

41st out of 344 stocks

Petroleum Refining Industry

7th out of 21 stocks

CVX stock logo

About Chevron (NYSE:CVX) Stock

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.

Analysts Set New Price Targets

A number of research firms have issued reports on CVX. Morgan Stanley upped their price target on shares of Chevron from $185.00 to $190.00 and gave the company an "equal weight" rating in a report on Tuesday, July 19th. Bank of America upped their price target on shares of Chevron from $178.00 to $180.00 and gave the company a "buy" rating in a report on Monday, August 1st. Raymond James upped their price target on shares of Chevron from $173.00 to $191.00 and gave the company an "outperform" rating in a report on Monday, April 18th. Societe Generale upgraded shares of Chevron from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Truist Financial reduced their target price on shares of Chevron from $170.00 to $166.00 and set a "hold" rating for the company in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $173.00.

Chevron Price Performance

Shares of NYSE:CVX traded up $2.50 during mid-day trading on Friday, hitting $153.64. 7,170,150 shares of the stock were exchanged, compared to its average volume of 8,170,638. The company has a market cap of $301.87 billion, a P/E ratio of 10.25, a PEG ratio of 0.62 and a beta of 1.15. The stock's fifty day simple moving average is $154.37 and its two-hundred day simple moving average is $155.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.43. Chevron has a twelve month low of $92.86 and a twelve month high of $182.40.

Chevron (NYSE:CVX - Get Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, topping the consensus estimate of $4.66 by $1.16. The company had revenue of $68.76 billion during the quarter, compared to analyst estimates of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 20.19%. The company's revenue was up 82.9% on a year-over-year basis. During the same quarter last year, the business posted $1.71 earnings per share. As a group, analysts forecast that Chevron will post 17.51 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 19th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Thursday, August 18th. Chevron's payout ratio is 37.89%.

Insider Activity

In other news, Director Wanda M. Austin sold 12,039 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $177.29, for a total transaction of $2,134,394.31. Following the sale, the director now directly owns 3,543 shares of the company's stock, valued at $628,138.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mark A. Nelson sold 117,400 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the sale, the executive vice president now directly owns 788 shares of the company's stock, valued at $125,662.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wanda M. Austin sold 12,039 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $177.29, for a total transaction of $2,134,394.31. Following the sale, the director now directly owns 3,543 shares in the company, valued at $628,138.47. The disclosure for this sale can be found here. Insiders have sold 399,043 shares of company stock valued at $67,010,843 over the last three months. 0.32% of the stock is owned by insiders.

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CVX Stock News Headlines

ConocoPhillips Shares Advance On Strong Q2 Revenue (CVX)
After reporting strong Q2 results, ConocoPhillips rallied more than 3%, outpacing the S&P 500, which declined Friday. Other oil-and-gas companies also gained.
Devon Energy Looks Attractive if You Look Past the Headlines (CVX)
There are some very sound reasons to invest in DVN stock. However, it’s important to separate the long-term outlook from some short-term headwinds
MarketBeat: Week in Review 7/25 – 7/29 (CVX)
The markets are rallying as big tech earnings are lifting investors' spirits. Here are some of the stocks our analysts were looking at this week.
Windfall Profits Have Exxon Mobil On Track For New Highs (CVX)
Results from Exxon Mobil and its competitors proved the thesis of windfall profits correct, now its time for dividend increases and share repurchases.
Occidental Petroleum Leads Exxon Mobil, Chevron Ahead Of Earnings (CVX)
Like Exxon Mobil , Chevron, and other oil-and-gas producers, Occidental Petroleum (NYSE: OXY) has been forming a potentially constructive consolidation,
Exxon Mobil Leads The Oil Sector: Have Both Peaked? (CVX)
In recent sessions, Exxon Mobil has rallied along with the broader market, with the stock advancing 4.2% so far in July. Is Exxon Mobil representative of the broader energy sector, or an outlier? And did the sector’s mid-June peak mark the apex for the foreseeable future?
The Top-Rated Consumer Defensive Stocks With Yield Above 3.5%  (CVX)
We like using stock screens to look for investing ideas, not so much to find new investments but to remind us (after all these years) of good investments and, more specifically, the right investments for the right times.
Chevron (NYSE:CVX) Raised to Buy at Societe Generale
No, I'm Not Selling Exxon and Chevron Here - RealMoney
See More Headlines
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CVX Company Calendar

Ex-Dividend for 6/10 Dividend
5/18/2022
Dividend Payable
6/10/2022
Last Earnings
7/29/2022
Today
8/08/2022
Ex-Dividend for 9/12 Dividend
8/18/2022
Dividend Payable
9/12/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
16676410
Employees
42,595
Year Founded
1879

Price Target and Rating

Average Stock Price Forecast
$173.00
High Stock Price Forecast
$202.00
Low Stock Price Forecast
$114.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
21 Analysts

Profitability

Net Income
$15.63 billion
Pretax Margin
18.57%

Debt

Sales & Book Value

Annual Sales
$162.47 billion
Cash Flow
$17.37 per share
Book Value
$72.60 per share

Miscellaneous

Outstanding Shares
1,964,813,000
Free Float
1,958,526,000
Market Cap
$301.40 billion
Optionable
Optionable
Beta
1.15

Social Links















CVX Stock - Frequently Asked Questions

Should I buy or sell Chevron stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Chevron stock.
View analyst ratings for Chevron
or view top-rated stocks.

What is Chevron's stock price forecast for 2022?

21 analysts have issued 12-month price objectives for Chevron's stock. Their CVX stock forecasts range from $114.00 to $202.00. On average, they predict Chevron's share price to reach $173.00 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price.
View analysts' price targets for Chevron
or view top-rated stocks among Wall Street analysts.

How has Chevron's stock price performed in 2022?

Chevron's stock was trading at $117.35 at the beginning of 2022. Since then, CVX shares have increased by 30.9% and is now trading at $153.64.
View the best growth stocks for 2022 here
.

When is Chevron's next earnings date?

Chevron is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our earnings forecast for Chevron
.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) issued its quarterly earnings results on Friday, July, 29th. The oil and gas company reported $5.82 EPS for the quarter, beating the consensus estimate of $4.66 by $1.16. The oil and gas company earned $68.76 billion during the quarter, compared to analyst estimates of $57.69 billion. Chevron had a trailing twelve-month return on equity of 19.73% and a net margin of 13.45%. Chevron's revenue was up 82.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share.
Read Chevron's conference call transcript
.

How often does Chevron pay dividends? What is the dividend yield for Chevron?

Chevron declared a quarterly dividend on Wednesday, July 27th. Investors of record on Friday, August 19th will be given a dividend of $1.42 per share on Monday, September 12th. This represents a $5.68 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, August 18th.
View Chevron's dividend history
.

Is Chevron a good dividend stock?

Chevron(NYSE:CVX) pays an annual dividend of $5.68 per share and currently has a dividend yield of 3.70%. Chevron has been increasing its dividend for 35 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Chevron is 37.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Chevron will have a dividend payout ratio of 33.22% next year. This indicates that Chevron will be able to sustain or increase its dividend.
View Chevron's dividend history.

What is Mike Wirth's approval rating as Chevron's CEO?

421 employees have rated Chevron CEO Mike Wirth on Glassdoor.com. Mike Wirth has an approval rating of 88% among Chevron's employees.

What other stocks do shareholders of Chevron own?

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).

What is Chevron's stock symbol?

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

Who are Chevron's major shareholders?

Chevron's stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.31%), TD Asset Management Inc. (0.19%), Envestnet Asset Management Inc. (0.15%), Truist Financial Corp (0.12%), New York State Teachers Retirement System (0.12%) and State Board of Administration of Florida Retirement System (0.11%). Company insiders that own Chevron stock include Colin E Parfitt, David A Inchausti, David A Inchausti, Eimear P Bonner, Eimear P Bonner, Enrique Hernandez Jr, Enrique Hernandez, Jr, James William Johnson, John Frank, Joseph C Geagea, Mark A Nelson, Michael K Wirth, Pierre R Breber, Pierre R Breber, R Hewitt Pate, Rhonda J Morris, Rhonda J Morris and Wanda M Austin.
View institutional ownership trends for Chevron
.

How do I buy shares of Chevron?

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.

What is Chevron's stock price today?

One share of CVX stock can currently be purchased for approximately $153.64.

How much money does Chevron make?

Chevron (NYSE:CVX) has a market capitalization of $301.87 billion and generates $162.47 billion in revenue each year. The oil and gas company earns $15.63 billion in net income (profit) each year or $14.99 on an earnings per share basis.

How many employees does Chevron have?

Chevron employs 42,595 workers across the globe.

Does Chevron have any subsidiaries?

The following companies are subsidiares of Chevron: Atlas Energy Inc, Cabinda Gulf Oil Company Limited, Chevron (Overseas) Holdings Limited, Chevron (Thailand) Limited, Chevron Argentina S.R.L., Chevron Australia Holdings Pty Ltd., Chevron Australia Pty Ltd., Chevron Canada Limited, Chevron Global Energy Inc., Chevron Global Technology Services Company, Chevron Investments Inc., Chevron LNG Shipping Company Limited, Chevron Nigeria Limited, Chevron Overseas Company, Chevron Overseas Petroleum Limited, Chevron Petroleum Company, Chevron Petroleum Limited, Chevron Petroleum Nigeria Limited, Chevron Thailand Exploration and Production Ltd., Chevron Thailand LLC, Chevron U.S.A. Holdings Inc., Chevron U.S.A. Inc., Chevron Venezuela Holdings LLC, Noble Energy, PT Chevron Pacific Indonesia, Puma Energy Asia Pacific B.V., Saudi Arabian Chevron Inc., Star Petroleum Refining Public Company Limited, Texaco Inc., Texaco Overseas Holdings Inc., Texaco Venezuela Holdings (I) Company, Union Oil Company of California, Unocal Corporation, and Unocal International Corporation.
Read More

When was Chevron founded?

Chevron was founded in 1879.

How can I contact Chevron?

Chevron's mailing address is 6001 BOLLINGER CANYON ROAD, SAN RAMON CA, 94583. The official website for Chevron 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.

This page (NYSE:CVX) was last updated on 8/8/2022 by MarketBeat.com Staff

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