Is Chevron Stock Overvalued? (2024)

Is Chevron Stock Overvalued?

Chevron Corporation - Sell

Is Chevron a good stock to buy right now?

For conservative dividend investors who want exposure to the energy sector, Chevron is probably one of the best options around. And with an attractive 4.1% dividend yield today -- noting that the S&P 500 index's yield is a scant 1.4% -- it might be worth a very close look right now.

Is Chevron overvalued or undervalued?

Summary. CVX' has a strong valuation at its current share price on account of a undervalued PEG ratio despite strong growth. CVX's PE and PEG are better than the market average leading to a above average valuation score. Click Here to get the full Report on Chevron Corporation (CVX) stock.

What is the fair value of Chevron stock?

As of 2024-01-24, 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 142.09 USD, the upside of Chevron Corp is 138%.

What are analysts saying about Chevron stock?

The average price target for Chevron Corp is $176.53. This is based on 17 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $200.00 ,the lowest forecast is $148.00. The average price target represents 24.24% Increase from the current price of $142.09.

How high is Chevron stock expected to go?

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Chevron stock have an average target of 182.32, with a low estimate of 150 and a high estimate of 201. The average target predicts an increase of 22.30% from the current stock price of 149.08.

Is Chevron a safe investment?

Chevron currently has an average brokerage recommendation (ABR) of 1.78, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 18 brokerage firms. An ABR of 1.78 approximates between Strong Buy and Buy.

Why did Buffett sell Chevron?

Ultimately, Buffett's decision to sell a large part of his Chevron stake was likely influenced by several factors. Selling an undervalued asset as prices normalize is a classic move for value investors.

Does Warren Buffett own Chevron stock?

Berkshire Hathaway's Chevron Stake

Warren Buffett's position in Chevron is currently worth $16.4 Billion. That's 4.63% of their equity portfolio (5th largest holding). The investor owns 6.12% of the outstanding Chevron stock. The first Chevron trade was made in Q4 2020.

Why is Chevron stock so low?

However, Chevron stock dropped 17% in 2023, and has continued to decline in 2024 as sagging oil and natural gas prices have whittled away at energy company profits and revenue.

Who owns the most Chevron stock?

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.

What is the 10 year return on Chevron stock?

Price Performance
PeriodPeriod LowPeriod High
2-Year128.07 +16.45% on 01/28/22189.68 -21.37% on 11/14/22
3-Year84.57 +76.35% on 02/01/21189.68 -21.37% on 11/14/22
5-Year51.60 +189.03% on 03/16/20189.68 -21.37% on 11/14/22
10-Year51.60 +189.03% on 03/01/20189.68 -21.37% on 11/01/22
7 more rows

What is the highest Chevron stock has ever been?

Chevron - 54 Year Stock Price History | CVX
  • The all-time high Chevron stock closing price was 180.67 on January 26, 2023.
  • The Chevron 52-week high stock price is 178.34, which is 19.6% above the current share price.
  • The Chevron 52-week low stock price is 139.62, which is 6.4% below the current share price.

Where will Chevron stock be in 5 years?

Chevron stock price stood at $149.14
YearMid-YearTod/End,%
2024$155+11%
2025$172+19%
2026$190+31%
2027$210+45%
8 more rows

What will Chevron stock be worth in 2030?

According to our Chevron stock prediction for 2030, CVX stock will be priced at $ 193.30 in 2030. This forecast is based on the stock's average growth over the past 10 years.

Has Chevron stock ever split?

Chevron stock (symbol: CVX) underwent a total of 4 stock splits. The most recent stock split occured on September 13th, 2004.

Should I sell Chevron stock?

Chevron has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 12 buy ratings, 4 hold ratings, and no sell ratings.

What will Chevron stock price be in 2025?

capital held the most bullish Chevron stock forecast. The algorithm-based website predicted the stock to hit a new record high at $266.095 in the next 12 months. Its Chevron stock forecast for 2025 saw the stock exceed $500.

Is Exxon a buy sell or hold?

Exxon Mobil has a conensus rating of Moderate Buy which is based on 14 buy ratings, 6 hold ratings and 0 sell ratings. The average price target for Exxon Mobil is $127.00. This is based on 20 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is Chevron's dividend safe?

Chevron's stock hit new 52-week lows after the Hess deal; this increased the dividend yield to 4.17%. CVX stock price drop is likely a correction of the prior overvaluation; the dividend appears quite safe. The dividend discount model implies the Company is now fairly valued.

What are the best oil stocks to buy right now?

12 Best Oil Stocks to Buy for 2024
  • Hess Corp (NYSE:HES)
  • Devon Energy Corp (NYSE:DVN) ...
  • Shell PLC (NYSE:SHEL) ...
  • Marathon Petroleum Corp (NYSE:MPC) ...
  • Valaris Ltd (NYSE:VAL) ...
  • Noble Corporation PLC (NYSE:NE) Number of Hedge Fund Investors: 48. ...
  • Transocean LTD (NYSE:RIG) Number of Hedge Fund Investors: 47. ...
2 days ago

Does Chevron pay good dividends?

Chevron Corporation's ( CVX ) dividend yield is 4.2%, which means that for every $100 invested in the company's stock, investors would receive $4.20 in dividends per year. Chevron Corporation's payout ratio is 44.14% which means that 44.14% of the company's earnings are paid out as dividends.

Is Chevron a buy 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.

Will Chevron stock go back up?

Stock Price Forecast

The 24 analysts offering 12-month price forecasts for Chevron Corp have a median target of 180.00, with a high estimate of 194.00 and a low estimate of 148.00. The median estimate represents a +20.68% increase from the last price of 149.15.

Who invests in Chevron?

institutional investors

These groups include: investment and asset management firms, mutual funds, brokerages, insurance companies, banks, pension funds, sovereign wealth funds and endowment funds.

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