Chevron - CVX Stock Forecast, Price & News

21 Wall Street 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 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 brokers have issued twelve-month price targets for Chevron's stock. Their CVX share price forecasts range from $165.00 to $212.00. On average, they expect the company's share price to reach $187.10 in the next year. This suggests a possible upside of 10.4% 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 5.6% and is now trading at $169.45.
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Chevron saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 16,140,000 shares, a decrease of 12.9% from the December 15th total of 18,540,000 shares. Based on an average daily volume of 7,770,000 shares, the days-to-cover ratio is presently 2.1 days.
View Chevron's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our CVX earnings forecast.

Chevron Co. (NYSE:CVX) issued its earnings results on Friday, January, 27th. The oil and gas company reported $4.09 EPS for the quarter, missing the consensus estimate of $4.16 by $0.07. The oil and gas company had revenue of $56.47 billion for the quarter, compared to analyst estimates of $53.97 billion. Chevron had a net margin of 14.40% and a trailing twelve-month return on equity of 23.77%. Chevron's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.56 earnings per share.
Read the conference call transcript.

Chevron announced a quarterly dividend on Wednesday, January 25th. Stockholders of record on Thursday, February 16th will be given a dividend of $1.51 per share on Friday, March 10th. This represents a $6.04 dividend on an annualized basis and a yield of 3.56%. 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 3.35%. 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 31.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 37.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVX.

Chevron declared that its board has initiated a share repurchase plan on Wednesday, January 25th 2023, which permits the company to repurchase $75,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 21.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board 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 a number of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.19%), Edmp Inc. (0.15%), Capital Wealth Planning LLC (0.12%) and New York State Teachers Retirement System (0.11%). 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 $169.45.

Chevron (NYSE:CVX) has a market capitalization of $327.66 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 $18.28 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.