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 1 sell rating, 9 hold ratings and 9 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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19 equities research analysts have issued 12 month target prices for Chevron's stock. Their CVX share price forecasts range from $165.00 to $212.00. On average, they expect the company's stock price to reach $189.33 in the next year. This suggests a possible upside of 16.2% from the stock's current price.
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Chevron's stock was trading at $179.49 at the beginning of 2023. Since then, CVX stock has decreased by 9.3% and is now trading at $162.88.
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Chevron saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 13,930,000 shares, an increase of 9.8% from the February 13th total of 12,690,000 shares. Based on an average daily trading volume, of 8,320,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.7% of the shares of the stock are short sold.
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 earnings per share (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 analysts' expectations of $53.97 billion. Chevron had a trailing twelve-month return on equity of 23.52% and a net margin of 14.40%. The firm's revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.56 EPS.
Read the conference call transcript.

Chevron announced 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 3.71%. The ex-dividend date of this dividend is Wednesday, February 15th. This is a positive change from the stock's previous quarterly dividend of $1.42.
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), Strive U.S. Energy ETF (DRLL), Vanguard Energy ETF (VDE), Direxion Daily Energy Bull 2x Shares (ERX), ProShares Ultra Energy (DIG) and iShares Global Energy ETF (IXC).

Chevron (NYSE:CVX) pays an annual dividend of $6.04 per share and currently has a dividend yield of 3.79%. 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 33.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 40.27% 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 of Directors has initiated a share repurchase program on Wednesday, January 25th 2023, which allows the company to repurchase $75,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 21.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors 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 institutional and retail investors. Top institutional shareholders include Berkshire Hathaway Inc (8.43%), Morgan Stanley (1.70%), Geode Capital Management LLC (1.69%), Moneta Group Investment Advisors LLC (1.27%), Norges Bank (0.88%) and Franklin Resources Inc. (0.73%). 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 $162.88.

Chevron (NYSE:CVX) has a market capitalization of $310.56 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 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.