Why is Chevron stock low? (2024)

Why is Chevron stock 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.

Is Chevron a good stock to buy now?

Chevron Corp has 15.83% upside potential, based on the analysts' average price target. Chevron Corp has a conensus rating of Moderate Buy which is based on 8 buy ratings, 5 hold ratings and 0 sell ratings. The average price target for Chevron Corp is $176.46.

Will Chevron stock go back up?

We expect the company's stock to likely trade higher with its revenues and earnings coming ahead of expectation in its fourth quarter results. Chevron has a diversified business with exposure to the entire energy value chain but still, oil prices are a big driver of financial performance.

Where will Chevron stock be in 5 years?

Long-Term Chevron Stock Price Predictions
YearPredictionChange
2025$ 159.254.60%
2026$ 166.589.42%
2027$ 174.2514.45%
2028$ 182.2719.72%
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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. and State Street Global Advisors, Inc., with an equal amount of shares to their name at 6.6%.

What is the future for Chevron?

Future Growth

Chevron's revenue is forecast to decline at 2.1% per annum while its annual earnings are expected to grow at 0.5% per year. EPS is expected to grow by 3.9% per annum. Return on equity is forecast to be 15% in 3 years.

What is the best oil stock to buy right now?

Comparison Results
NamePricePrice Change
XOM Exxon Mobil$101.55$0.42 (0.41%) After 0.13%
CVX Chevron$152.33$0.09 (0.06%) After 0.07%
COP Conocophillips$109.97$0.66 (0.6%) After 0.15%
EOG EOG Resources$109.65$1.2 (1.08%) After 0%
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Is Chevron a buy sell or hold?

Is Chevron stock a Buy, Sell or Hold? Chevron stock has received a consensus rating of buy.

Is Chevron a safe investment?

Valuation metrics show that Chevron Corporation may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of CVX, demonstrate its potential to outperform the market. It currently has a Growth Score of C.

What is the highest Chevron stock has ever been?

The all-time high Chevron stock closing price was 180.67 on January 26, 2023. The Chevron 52-week high stock price is 174.39, which is 14.5% above the current share price. The Chevron 52-week low stock price is 139.62, which is 8.3% below the current share price.

What is the 10 year return on Chevron stock?

Price Performance
PeriodPeriod LowPeriod High
2-Year130.52 +16.64% on 02/22/22189.68 -19.74% on 11/14/22
3-Year89.81 +69.51% on 02/08/21189.68 -19.74% on 11/14/22
5-Year51.60 +195.04% on 03/16/20189.68 -19.74% on 11/14/22
10-Year51.60 +195.04% on 03/01/20189.68 -19.74% on 11/01/22
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Is Chevron overvalued?

Intrinsic Value

Compared to the current market price of 152.24 USD, Chevron Corp is Undervalued by 11%.

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.

Who did Chevron merge with?

9 -- Chevron Corp. and Texaco Inc. have announced that their merger has been completed following stockholder approvals of both companies earlier today. Upon completion of the merger, Chevron changed its name to ChevronTexaco Corporation.

Who is Chevron buying?

Chevron announced Monday that it will acquire the independent energy company Hess Corporation for $53 billion.

How many people own Chevron stock?

Institutional Ownership and Shareholders

Chevron Corporation (US:CVX) has 4657 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC).

Will Chevron increase its dividend in 2023?

The company returned a record $26.3 billion of cash to shareholders during 2023, including dividends of $11.3 billion (3 percent higher than 2022) and share repurchases of $14.9 billion (32 percent higher than last year).

What old oil company is now part of Chevron?

One of the largest oil companies in the world, it acquired Gulf Oil Corporation in 1984, Texaco Inc. in 2001, and Unocal Corporation in 2005. Chevron engages in all phases of petroleum operations, from exploration, production, and refining to marketing and research.

Why are Chevron prices so high?

The CEC rounded out its analysis of why California gasoline prices are so high by noting the costs of taxes and fees. Californians pay over $1 per gallon in taxes, fees, and costs associated with environmental programs every time they fill up.

What stocks go up in a recession?

7 Stocks That Outperform in a Recession
StockImplied upside from Nov. 27 Closing Price
Accenture PLC (ACN)2.6%
T-Mobile US Inc. (TMUS)17.6%
Walt Disney Co. (DIS)10.3%
Netflix Inc. (NFLX)10.6%
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What is the best gas company to invest in?

7 Best Oil and Gas Stocks to Buy in 2024
StockForward dividend yield
Chevron Corp. (CVX)4%
Vitesse Energy Inc. (VTS)9.2%
Valero Energy Corp. (VLO)3.1%
EOG Resources Inc. (EOG)3%
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Jan 3, 2024

What stock goes up when oil goes down?

Unsurprisingly, industries like airline and transportation that count oil as a direct cost have seen their stock prices rise. However sectors that benefit indirectly from low oil prices, like consumer discretionary and consumer staples, have done even better.

What will Chevron be worth in 5 years?

Chevron stock price stood at $152.33

According to the latest long-term forecast, Chevron price will hit $200 by the middle of 2027 and then $250 by the middle of 2028. Chevron will rise to $300 within the year of 2031 and $350 in 2034.

What is the fair price for Chevron stock?

As of 2024-01-31, the Fair Value of Chevron Corp (CVX) is 338.23 USD. This value is based on the Peter Lynch's Fair Value formula.

What is the 12 month price target for Chevron stock?

The average twelve-month price prediction for Chevron is $182.05 with a high price target of $201.00 and a low price target of $150.00. Learn more on CVX's analyst rating history.

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