Chevron Corp (CVX)
$80.92 0.53 (0.66%)
19:59 EDT CVX Stock Quote Delayed 20 Minutes
Previous Close $80.92
Market Cap 154.63B
PE Ratio 15.15
Volume (Avg. Vol.) 16.39M
Day's Range 80.85 - 85.69
52-Week Range 51.60 - 127.34
Dividend & Yield 4.48 (5.54%)
CVX Stock Predictions, Articles, and Chevron Corp News
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By Thomas Niel
In short, Chevron stock may offer a compelling risk/return proposition. With continued dividends minimizing downside, and big upside if oil prices rebound, consider this an opportunity.
March jobs data was bad, indicating the April and May reports could be worse, putting pressure on stocks to close the week.
Though it may be temporary and hopefully it will be, some economists are forecasting a spike in the unemployment rate to 20% or higher. Mere speculation of that happening could be enough for the White House to push another round of stimulus.
Because management will protect its dividend as a top priority, Chevron stock is worth significantly more as a result. It trades at the highest yield in four years.
Friday was a down day, but four of the past five have been up days for the Dow and it's worth pointing out that after one of the most rapid corrections/bear markets on record, plenty of bad news is already being consumed, but plenty of uncertainty lingers, too.
An impending bailout has sparked talk of restrictions on stock buybacks. Here are seven companies that should have cut back years ago.
Halting a three-day winning streak, stocks tumbled Friday as investors appeared to sell the news on the House of Representatives passing the $2 trillion stimulus and as coronavirus case data grew increasingly ominous.
Amid the oil price war, Chevron stock has taken a beating. At the same time, the volatility is rational as it reflects a new paradigm in the global markets.
It wasn't a precise replay of Tuesday, but the Dow notched a decent Wednesday gain with large contributions from Boeing and Nike.
Comments from President Trump that he would like to see the U.S. economy reopened by Easter, which is April 12, contributed to the ebullience on Wall Street, though that forecast for business as usual may prove to be optimistic.
By David Moadel
You don't have to love everything about Chevron stock to believe it has turnaround potential. Here are some important facts to consider.
If you’re thinking about betting on Chevron’s market weakness, just wait a bit. Wall Street is probably in denial and not fully recognizing the turmoil facing Chevron stock and the oil industry.
Chevron is capable of returning billions to shareholders over the next five years. But if Chevron stock were to have viability beyond that, execs should avoid the buyback route.
Dow stocks wilted again Friday as GDP estimates grow increasingly dour and politicians offer up feeble stimulus ideas.
In better news, U.S. Treasury Secretary Steven Mnuchin said he backs the idea of cash payments of $1,000 to adults and $500 to kids over the next several weeks if Congress supports the effort. It's possible that another round of payments could be delivered at a later date if the economy continues to languish.
Chevron stock is down more than 35% year to date and there’s little indication that it will go north anytime soon. The coronavirus and an oil price war are too much for the stock to overcome.
Oil prices could rebound in the second-half of 2019, and if they do, it's off to the races for dirt-cheap Chevron stock.
Equities continued trending lower even after the White House it will step up with $50 billion in loans to the imperiled airline industry and that a $60 billion (at least) is being considered for Boeing. President Trump, now fighting for his electoral life, called the ailing airline industry the number one priority for federal aid stemming from the coronavirus pandemic.
As the supply-demand fundamentals of oil improve and worries about the coronavirus fade, Chevron stock is likely to rise.
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