Last Updated: 16 Sep 2024
Executive Summary
Chevron Corp (CVX) is a leading global energy company with a strong financial position and a commitment to sustainable operations. The company's shares are currently trading at $140.61, offering a dividend yield of 0.0464%. Analysts are generally bullish on CVX, with a consensus target price of $157.7 and a majority rating of "Buy."
Company Overview
Chevron is engaged in all aspects of the oil and natural gas industry, including exploration, production, refining, marketing, transportation, chemicals manufacturing, and power generation. The company operates in over 180 countries and has a market capitalization of $255 billion.
Fundamental Analysis
CVX has strong fundamentals, with a trailing P/E ratio of 13.92, a forward P/E ratio of 10.31, and a dividend yield of 0.0464%. The company's revenue and earnings have grown steadily in recent years, and it has a strong balance sheet with low debt levels.
Technical Analysis
Technically, CVX is in a bullish trend. The stock price has been trading above its 50-day and 200-day moving averages, and it has recently broken out of a consolidation pattern. The relative strength index (RSI) is above 50, indicating that the stock is not overbought.
Short Term Outlook
In the short term, CVX is likely to continue its bullish trend. The company's strong fundamentals and technical indicators suggest that the stock price could reach the analyst target price of $157.7.
Long Term Outlook
In the long term, CVX is well-positioned to benefit from the growing global demand for energy. The company's diversified operations and commitment to sustainability make it a good investment for long-term investors.
Analyst Recommendations
Analysts are generally bullish on CVX. The consensus target price is $157.7, and the majority of analysts have a "Buy" rating on the stock.
