Is Chevron a dividend paying stock?
Chevron Corporation ( CVX ) pays dividends on a quarterly basis. The next dividend payment is planned on March 11, 2024 . Chevron Corporation ( CVX ) has increased its dividends for 37 consecutive years.
| Ex-Date | Amount | Frequency |
|---|---|---|
| Aug 18, 2022 | $1.42 | Quarterly |
| May 18, 2022 | $1.42 | Quarterly |
| Feb 15, 2022 | $1.42 | Quarterly |
| Nov 17, 2021 | $1.34 | Quarterly |
- The all-time high Chevron stock closing price was 180.67 on January 26, 2023.
- The Chevron 52-week high stock price is 172.88, which is 13.7% above the current share price.
- The Chevron 52-week low stock price is 139.62, which is 8.2% below the current share price.
Chevron stock (symbol: CVX) underwent a total of 4 stock splits. The most recent stock split occured on September 13th, 2004.
On average, Wall Street analysts predict that Chevron's share price could reach $180.08 by Feb 6, 2025. The average Chevron stock price prediction forecasts a potential upside of 16.59% from the current CVX share price of $154.46. What is CVX's Earnings Per Share (EPS) forecast for 2024-2026?
This increase puts Chevron on track to make 2023 the 36th consecutive year with an increase in annual dividend payout per share. The Board also authorized the repurchase of the company's shares of common stock in an aggregate amount of $75 billion.
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 55 buy ratings, 32 hold ratings, and 2 sell ratings.
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%.
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 159.07 | 4.60% |
| 2026 | $ 166.39 | 9.42% |
| 2027 | $ 174.05 | 14.45% |
| 2028 | $ 182.06 | 19.72% |
| Period | Period Low | |
|---|---|---|
| 2-Year | 130.52 +16.23% on 02/22/22 | Period Open: 136.67 |
| 3-Year | 92.86 +62.18% on 08/16/21 | Period Open: 95.80 |
| 5-Year | 51.60 +191.86% on 03/16/20 | Period Open: 119.39 |
| 10-Year | 51.60 +191.86% on 03/01/20 | Period Open: 115.33 |
What stock is expected to split in 2023?
Monster Beverage (MNST -1.03%): 2-for-1 split in 2023. Novo Nordisk (NVO 2.00%): 2-for-1 split in 2023.
CVX Stock 12 Months Forecast
Based on 16 Wall Street analysts offering 12 month price targets for Chevron in the last 3 months. The average price target is $176.13 with a high forecast of $196.00 and a low forecast of $148.00. The average price target represents a 16.61% change from the last price of $151.04.
The CVX stock shareholders received the last dividend payment of $1.51 per share on December 11, 2023 . Chevron Corporation's next dividend payment has not been announced at this time.
Despite the uncertainty in the oil and gas market, analysts were mostly bullish on the Chevron share price forecast for the next one to five years. According to StockAnalysis.com data compiled as of 5 January, the average 12-month CVX stock forecast from 34 analysts was projected at $196.65 in 2023.
The intrinsic value of one CVX stock under the Base Case scenario is 168.36 USD. Compared to the current market price of 150.6 USD, Chevron Corp is Undervalued by 11%.
Chevron stock price stood at $150.60
According to the latest long-term forecast, Chevron price will hit $200 by the middle of 2027 and then $250 by the end of 2028. Chevron will rise to $300 within the year of 2031 and $350 in 2034.
Valuation metrics show that Chevron Corporation may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of CVX, demonstrate its potential to perform inline with the market. It currently has a Growth Score of B.
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Chevron stock have an average target of 181.7, with a low estimate of 150 and a high estimate of 201. The average target predicts an increase of 20.65% from the current stock price of 150.60.
Coca-Cola's next quarterly payment date is on Dec 15, 2023, when Coca-Cola shareholders who owned KO shares before Nov 30, 2023 received a dividend payment of $0.46 per share.
Chevron went shopping as oil prices slumped
Brent, the primary global oil price benchmark, fell 10.3% for the year, closing at $77.04 per barrel. That was the first down year for oil since 2020. Falling oil prices cut into Chevron's earnings and cash flow.
Who is Chevron buying?
Chevron announced Monday that it will acquire the independent energy company Hess Corporation for $53 billion.
As of 2024-02-12, the Fair Value of Chevron Corp (CVX) is 338.23 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 151.04 USD, the upside of Chevron Corp is 123.9%.
Warren Buffett Chevron Corp.
The investor owns 5.72% of the outstanding Chevron stock. The first Chevron trade was made in Q4 2020. Since then Warren Buffett bought shares five more times and sold shares on six occasions. The stake costed the investor $13.8 Billion, netting the investor a gain of 21% so far.
Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway has made a significant addition to its holdings in Chevron Corp (NYSE:CVX), underscoring the firm's confidence in the energy sector. On December 31, 2023, the firm increased its stake by 15,845,037 shares, resulting in a trade impact of 0.75% on the portfolio.
Chevron Corp.'s Chief Executive Officer Mike Wirth just got a raise of about 10%, taking his 2023 base salary to $1.85 million as the company reaped bigger profits and cash flow in the past year thanks to higher energy prices.
