NYSE:CVX

Chevron - CVX Stock Forecast, Price & News

$182.49

-0.82 (-0.45%)

(As of 12/1/2022 12:00 AM ET)

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Today's Range: $181.44
▼
$184.55
50-Day Range: $140.96
▼
$188.05
52-Week Range: $110.73
▼
$189.68

Volume: 5.18 million shs
Average Volume: 11.80 million shs
Market Capitalization: $352.87 billion

P/E Ratio: 10.38
Dividend Yield: 3.10%
Price Target: $179.85

Chevron MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 0.5% Upside
$183.32 Price Target
Short Interest: Healthy
0.98% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -7.96
Upright™ Environmental Score
News Sentiment: 0.23
Based on 37 Articles This Week
Insider Trading: Selling Shares
$53.19 M Sold Last Quarter
Proj. Earnings Growth: -10.55%
From $19.24 to $17.21 Per Share

Overall MarketRank^™

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

2.64 out of 5 stars

Oils/Energy Sector

30th out of 247 stocks

Petroleum Refining Industry

2nd out of 20 stocks

2.3

Analyst's Opinion

Consensus Rating
Chevron has received a consensus rating of Buy. The company's average rating score is 2.53, and is based on 11 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $183.32, Chevron has a forecasted upside of 0.5% from its current price of $182.49.
Amount of Analyst Coverage
Chevron has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.98% of the outstanding shares of Chevron have been sold short.
Short Interest Ratio / Days to Cover
Chevron has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Chevron has recently decreased by 8.97%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Yield
Chevron pays a meaningful dividend of 3.10%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Chevron has been increasing its dividend for 35 years.
Dividend Coverage
The dividend payout ratio of Chevron is 32.31%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Chevron will have a dividend payout ratio of 33.00% next year. This indicates that Chevron will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Chevron has received a -114.09% net impact score from Upright. The largest negative impact of Chevron in category "GHG emissions" seems to be driven mostly by its "Electricity produced with crude oil", "Refined oil", "Crude oil", "Retail of diesel at a gas station", and "Refined natural gas" products. See details.
Environmental Sustainability
The Environmental Impact score for Chevron is -7.96.

2.9

News and Social Media Coverage

News Sentiment
Chevron has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 37 news articles for Chevron this week, compared to 18 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 7 reddit mentions for Chevron this week, compared to 6 mentions on an average week.
Search Interest
Only 194 people have searched for CVX on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
MarketBeat Follows
118 people have added Chevron to their MarketBeat watchlist in the last 30 days. This is an increase of 44% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chevron insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $53,186,421.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Chevron is held by insiders.
Percentage Held by Institutions
69.30% of the stock of Chevron is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Chevron are expected to decrease by -10.55% in the coming year, from $19.24 to $17.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chevron is 10.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chevron is 10.38, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 47.69.
Price to Earnings Growth Ratio
Chevron has a PEG Ratio of 0.64. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Chevron has a P/B Ratio of 2.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Chevron (NYSE:CVX) Stock

Chevron Corporation, through a network of subsidiaries, engages in integrated energy and chemicals operations worldwide. The company is the 7th largest integrated oil company worldwide, the 2nd largest in the US, and has been in operation since 1879. Chevron was part of the original Standard Oil Company and is one of the 34 successor companies that were formed when it was broken up. Today, the company brings in roughly $160 billion in annual revenues and is the last remaining oil and gas component of the Dow Jones Industrial Average.

Originally called Standard Oil Of California the company grew quickly via mergers and acquisitions. It was hailed as one of the Seven Sisters to dominate the US and global production throughout the mid-20th century and became even bigger in 1985 when it merged with Gulf Oil. The merger with Gulf Oil resulted in the rebranding from Standard Oil Of California to Chevron (a brand used by the company outside its California jurisdiction) and then ChevronTexaco Corporation in 2005 when that merger took place. The company rebranded again in 2005 to what we know today as Chevron Corporation.

Chevron Corporation is now based in San Ramone, California, and has operations in 180 countries. The company employs more than 42,500 people who operate 5 refineries and 8,000+ Texaco, Chevron, and Standard Oil service stations in the US alone. The company's Exploration and Drilling operations produced a record 3.1 million barrels per day and its US refineries process more than 1 million barrels per day. At the end of 2021, the company has more than 11.3 billion barrels of proven oil and liquid-equivalent reserves and boasted a 112% reserve replacement rate.

The company operates in two segments, Upstream and Downstream. The Upstream segment explores new reserves, develops known reserves, produces petroleum and gas products as needed, transports, processes, pipes, stores, and markets petroleum worldwide. The Downstream segment refines and markets the full line of petroleum-based products including but not limited to fuels such as gas, diesel, and aviation fuel, as well as lubricants, petrochemicals, and plastics. The company transports products via pipeline, rail, marine vessels, and truck.

Chevron recognizes the need to lower the world’s carbon output and is working toward that end. The company’s strategy is two-pronged and includes reducing its own carbon output while investing in green and lower-carbon technologies. The company’s goal is to invest $10 billion or more into lower carbon energy sources and technologies by 2028.

Chevron is a Dividend Aristocrat. The company has been paying a dividend since 1989 and it has raised it every year since its inception.

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November 17, 2022 | marketbeat.com

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November 14, 2022 | marketbeat.com

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November 4, 2022 | marketbeat.com

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