Chevron is a oil & gas integrated company located in California, United States, which is part of the Energy sector, and is traded under the ticker CVX on the NYSE exchange.
Chevron stock last closed at $162.67, up 0.98% from the previous day, and has increased 4.47% in one year. It has underperformed other stocks in the Oil & Gas Integrated industry by 0.14 percentage points. Chevron stock is currently +16.51% from its 52-week low of $139.62, and -5.26% from its 52-week high of $171.70.
At the moment, there are 1.85B CVX shares outstanding. The market value of CVX is $300.45B. In the last 24 hours, 5.44M CVX shares were traded.
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After you have chosen the best place to buy Chevron stock, it's critical to analyze their stock prior to investing, so you actually wrap your head around the risk as well as the upside.
WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CVX's stock page.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge CVX's fair value.
Using relative valuations methods:
You can access more valuation analysis on CVX's stock here.
Out of 13 sell side analysts who give recommendations on CVX, the consensus analyst rating on Chevron is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Ryan Todd, a top 3% analyst from Piper Sandler maintains CVX with a strong buy rating and raises their CVX price target from $180.00 to $204.00, on Apr 18, 2024.
Piper Sandler's Ryan Todd raised their price target on Chevron (NYSE: CVX) by 13.3% from $180 to $204 on 2024/04/18. The analyst maintained their Strong Buy rating on the stock.
Previewing Q1 2024 earnings for names in their Energy (Integrated Oil & Gas), Todd reported that Piper Sandler sees IOCs (integrated oil & gas companies) "as increasingly well positioned within the sector."
Acknowledging that "near-term refining valuations probably got a bit overextended recently," the analyst argued that there is growing investor confidence in "higher for longer margins driven by continued market tightness into and beyond 2025, driving far more attractive and sustainable shareholder returns than appreciated."
Justin Jenkins, a top 1% analyst from Raymond James maintains CVX with a buy rating and raises their CVX price target from $170.00 to $174.00, on Apr 15, 2024.
Paul Cheng, a top 9% analyst from ScotiaBank upgrades CVX to a buy rating and raises their CVX price target from $170.00 to $195.00, on Apr 11, 2024.
Betty Jiang, a bottom 9% analyst from Barclays initiates coverage on CVX with a strong buy rating and announces their CVX price target of $203.00, on Apr 10, 2024.
Josh Silverstein, a top 19% analyst from UBS maintains CVX with a strong buy rating and raises their CVX price target from $185.00 to $197.00, on Apr 9, 2024.
You can dive deeper into what analysts are projecting on the Chevron stock forecast page.
Last year, CVX earnings were $20.30B. In the past five year, CVX's earnings have increased by 8.42% per year. This was slower than the Oil & Gas Integrated industry average of 12.41%.
Last year, CVX revenue was $198.87B. During the past five year, CVX's revenue has increased by 3.96% per year. This was faster than the Oil & Gas Integrated industry average of 3.43%.
Dive into CVX's earnings and revenue performance here.
Over the last year, executives and large shareholders at CVX have sold more shares than they have bought.
Enrique Hernandez Jr., Director of CVX, was the latest CVX insider to sell. They sold $421,206.96 worth of CVX shares on May 10, 2024.
Dig into more about who owns CVX shares here.
Chevron pays a dividend of 3.86%, compared to the Oil & Gas Integrated industry's average dividend yield of 5.57%. If you owned $1,000 of CVX stock, you would have been paid $38.61 last year.
Chevron dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Chevron dividend yield and history here.
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Create a watchlist to keep track of your CVX stock.
To summarize, here are the 6 steps for buying Chevron stock:
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