Chevron - CVX Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There are currently 2 sell ratings, 9 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CVX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVX, but not buy additional shares or sell existing shares.
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21 Wall Street research analysts have issued 1-year price objectives for Chevron's stock. Their CVX share price forecasts range from $165.00 to $215.00. On average, they expect the company's stock price to reach $186.71 in the next twelve months. This suggests a possible upside of 4.0% 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 shares have decreased by 0.0% and is now trading at $179.45.
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Chevron saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 16,140,000 shares, a drop of 12.9% from the December 15th total of 18,540,000 shares. Based on an average daily trading volume, of 7,770,000 shares, the days-to-cover ratio is presently 2.1 days.
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Chevron Co. (NYSE:CVX) announced its earnings results on Friday, January, 27th. The oil and gas company reported $4.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.16 by $0.07. The oil and gas company earned $56.47 billion during the quarter, compared to analysts' expectations of $53.97 billion. Chevron had a trailing twelve-month return on equity of 22.36% and a net margin of 14.36%. Chevron's revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.56 earnings per share.

Chevron declared a quarterly dividend on Wednesday, January 25th. Stockholders of record on Thursday, February 16th will be paid a dividend of $1.51 per share on Friday, March 10th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Wednesday, February 15th. This is a boost from the stock's previous quarterly dividend of $1.42.
Read our dividend analysis for CVX.

Chevron (NYSE:CVX) pays an annual dividend of $5.68 per share and currently has a dividend yield of 3.02%. 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 32.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 36.36% 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 buyback plan 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 plans are usually a sign that the company's leadership believes its stock is 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 a variety of institutional and retail investors. Top institutional shareholders include New York State Teachers Retirement System (0.11%), Assenagon Asset Management S.A. (0.08%), Fifth Third Bancorp (0.06%), Coho Partners Ltd. (0.06%), Natixis Advisors L.P. (0.05%) and Strs Ohio (0.05%). 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, John Frank, 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 $179.45.

Chevron (NYSE:CVX) has a market capitalization of $346.99 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 $17.58 on an earnings per share basis.

The company employs 42,595 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.