Is Chevron stock still a buy?
Is Chevron stock a Buy, Sell or Hold? Chevron stock has received a consensus rating of buy. The average rating score is Aa2 and is based on 52 buy ratings, 28 hold ratings, and 1 sell ratings.
The average price target represents 17.54% Increase from the current price of $157.57. What do analysts say about Chevron Corp? Chevron Corp's analyst rating consensus is a Strong Buy.
Chevron Stock Forecast
The 18 analysts with 12-month price forecasts for Chevron stock have an average target of 184.61, with a low estimate of 150 and a high estimate of 204. The average target predicts an increase of 12.86% from the current stock price of 163.57.
| High | $204.00 |
|---|---|
| Median | $180.00 |
| Low | $148.00 |
| Average | $181.29 |
| Current Price | $163.57 |
The bottom line is that CVX stock looks undervalued here based on its average historical metrics.
Chevron stock price stood at $162.85
According to the latest long-term forecast, Chevron price will hit $200 by the end of 2025 and then $250 by the middle of 2028. Chevron will rise to $300 within the year of 2030 and $350 in 2033.
On Jan. 25, 2023, Chevron (CVX 0.57%) announced its 36th consecutive annual dividend raise when it boosted its dividend by 6%. Investors were hoping for another raise in the Feb. 2, 2024, fourth-quarter earnings release -- and they got just that.
Chevron is not owned by hedge funds. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 8.6%. The second and third largest shareholders are BlackRock, Inc. and State Street Global Advisors, Inc., with an equal amount of shares to their name at 6.6%.
- The all-time high Chevron stock closing price was 178.78 on January 26, 2023.
- The Chevron 52-week high stock price is 171.70, which is 5.4% above the current share price.
- The Chevron 52-week low stock price is 139.62, which is 14.3% below the current share price.
For the 2024 year, both companies forecast nearly flat oil production compared to 2023 levels. CVX stock and XOM shares advanced early. Chevron reported Q4 EPS of $3.45 with revenue totaling $47.18 billion Friday morning. Analysts had predicted earnings of $3.19 per share and sales of $50.92 billion.
Is AMD a buy or sell?
Advanced Micro Devices, Inc. - Buy. Zacks' proprietary data indicates that Advanced Micro Devices, Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the AMD shares relative to the market in the next few months.
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 171.17 | 4.60% |
| 2026 | $ 179.05 | 9.42% |
| 2027 | $ 187.29 | 14.45% |
| 2028 | $ 195.92 | 19.72% |
Exxon stock has 11 Buy and six Hold recommendations for a Moderate Buy consensus rating. The average price target on XOM stock is $125.31, implying a limited upside potential of 3.52% from current levels.
Total debt on the balance sheet as of December 2023 : $20.83 B. According to Chevron's latest financial reports the company's total debt is $20.83 B. A company's total debt is the sum of all current and non-current debts.
| Company (ticker) | Analysts' consensus recommendation score | Analysts' consensus recommendation |
|---|---|---|
| UnitedHealth Group (UNH) | 1.48 | Strong Buy |
| Uber Technologies (UBER) | 1.49 | Strong Buy |
| Assurant (AIZ) | 1.50 | Strong Buy |
| Bio-Rad Laboratories (BIO) | 1.50 | Strong Buy |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Cons. Finvest | 256.90 |
| 2. | West Coast Paper | 627.75 |
| 3. | Andhra Paper | 497.30 |
| 4. | Shreyans Inds. | 247.30 |
Chevron Corporation ( CVX ) pays dividends on a quarterly basis. Chevron Corporation ( CVX ) has increased its dividends for 37 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.
| Split date | Split Ratio |
|---|---|
| Dec 11, 1973 | 1/2 Stock Split |
| Mar 11, 1981 | 1/2 Stock Split |
| Jun 13, 1994 | 1/2 Stock Split |
| Sep 13, 2004 | 1/2 Stock Split |
Shell's analyst rating consensus is a Strong Buy. This is based on the ratings of 4 Wall Streets Analysts.
Chevron Corporation CVX is a leading integrated energy player. This Zacks Rank #3 (Hold) company's earnings beat estimates in three of the last four quarters and missed the same in one. The Zacks Consensus Estimate for CVX's 2024 and 2025 earnings per share (EPS) is pegged at $13.13 and $15.58, respectively.
Will Chevron stock recover?
Key Points. Chevron's stock price has recovered significantly since the worst of the COVID-19 pandemic energy market decline. The company looks attractively priced relative to its closest U.S. peer. Chevron is better positioned than most rivals to survive the industry's ups and downs.
Chevron went shopping as oil prices slumped
That was the first down year for oil since 2020. Falling oil prices cut into Chevron's earnings and cash flow. The oil company's adjusted earnings totaled $18.2 billion through the third quarter, a more than $10 billion decline from the year-ago period.
Warren Buffett's company, Berkshire Hathaway (NYSE: BRK. A)(NYSE: BRK. B), recently revealed its latest stock transactions. One of its more notable purchases was shares of oil giant Chevron (NYSE: CVX).
Bought: Chevron Corp.
In the fourth quarter, Berkshire bought back about 15.8 million CVX shares, bringing Buffett's stake back up to 126 million shares worth about $18.8 billion.
Where Warren Buffett is investing. In the last quarter of 2023, Berkshire Hathaway has increased its stake in Chevron by 18% to more than $18 billion, according to Forbes. The holding company also grew its stake in Occidental Petroleum by almost 9% to about $14.5 million.
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