Chevron - CVX Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CVX shares.
View CVX analyst ratings or view top-rated stocks.

21 brokerages have issued 12 month target prices for Chevron's shares. Their CVX share price forecasts range from $114.00 to $215.00. On average, they expect the company's share price to reach $179.85 in the next year. This suggests that the stock has a possible downside of 2.1%.
View analysts price targets for CVX or view top-rated stocks among Wall Street analysts.

Chevron's stock was trading at $117.35 at the beginning of 2022. Since then, CVX stock has increased by 56.5% and is now trading at $183.70.
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Chevron saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 20,730,000 shares, an increase of 17.7% from the October 15th total of 17,620,000 shares. Based on an average trading volume of 9,020,000 shares, the days-to-cover ratio is presently 2.3 days.
View Chevron's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, January 27th 2023.
View our CVX earnings forecast.

Chevron Co. (NYSE:CVX) released its quarterly earnings data on Friday, October, 28th. The oil and gas company reported $5.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.22 by $0.34. The oil and gas company had revenue of $66.64 billion for the quarter, compared to the consensus estimate of $61.44 billion. Chevron had a trailing twelve-month return on equity of 22.36% and a net margin of 14.36%. The company's quarterly revenue was up 49.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.96 earnings per share.
Read the conference call transcript.

Chevron announced a quarterly dividend on Wednesday, October 26th. Stockholders of record on Friday, November 18th will be given a dividend of $1.42 per share on Monday, December 12th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Thursday, November 17th.
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 3.08%. The company 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 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 33.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVX.

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.24%), BlackRock Inc. (6.72%), State Street Corp (6.70%), Bank of New York Mellon Corp (0.98%), Dimensional Fund Advisors LP (0.62%) and Nuveen Asset Management LLC (0.51%). 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, 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 $183.70.

Chevron (NYSE:CVX) has a market capitalization of $355.21 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.