Chevron's 38-Year Dividend Growth and Future Prospects
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Chevron Dividend Growth: Chevron boasts a forward dividend yield of 4.22% and has increased its dividend for 38 consecutive years, just 12 years away from becoming a Dividend King, indicating strong cash flow stability and market position.
- Sonoco Products Outlook: Sonoco Products has a forward dividend yield of 4.46%, and despite a modest 1.9% increase last year, its low P/E ratio under 8 suggests strong potential for price appreciation, highlighting its investment appeal.
- Getty Realty REIT: Getty Realty offers a forward dividend yield of 6.7% and has raised its dividend annually for over a decade, with expectations for continued growth, especially as REITs typically benefit from Federal Reserve rate cuts.
- Target Retail Recovery: Target's stock has rebounded to around $105 from lows in the $80s, with a forward dividend yield of 4.3% and 57 years of consecutive increases, while projected earnings growth of 15% could further enhance stock appreciation.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVX is 176.95 USD with a low forecast of 158.00 USD and a high forecast of 206.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 171.190
Low
158.00
Averages
176.95
High
206.00
Current: 171.190
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Chevron's Q4 Earnings Preview Highlights Venezuela Opportunity
- Revenue Expectations Decline: Analysts forecast Chevron's Q4 revenue at $48.57 billion, down from $52.23 billion last year, indicating challenges amid market volatility that could affect investor confidence.
- Earnings Per Share Forecast: Expected EPS is $1.45, lower than last year's $2.06, and while the company has beaten estimates in five of the last ten quarters, this decline may raise market concerns.
- Divergent Analyst Ratings: Morgan Stanley maintains an Overweight rating but lowers the price target to $174, while Jefferies keeps a Buy rating and raises the target to $189, reflecting mixed market sentiment on Chevron's future performance.
- Venezuela Opportunity: Chevron could be one of the biggest beneficiaries of U.S. military actions in Venezuela, with investors keenly watching how the company assesses this market opportunity and its implications for short- and long-term financials.
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Chevron Q4 Earnings Exceed Expectations Despite Year-over-Year Decline
- Earnings Performance: Chevron's Q4 net profit fell to $2.77 billion, or $1.39 per share, down from $3.24 billion, or $1.84 per share a year ago, yet the adjusted profit of $3 billion exceeded Wall Street expectations, demonstrating resilience in a low oil price environment.
- Revenue Decline: Q4 revenues decreased by 10% year-over-year to $46.79 billion, primarily due to lower crude oil prices and severance costs related to the Hess acquisition, reflecting the challenges in the market environment.
- Production Growth: Total production rose over 20% year-over-year to 4.05 million boe/day, with the Hess acquisition contributing 261,000 boe/day, indicating the success of the acquisition strategy and robust growth in the Permian Basin.
- Future Outlook: Chevron expects production to grow by 7%-10% by 2026, excluding asset sales, boosted in part by projects in Guyana and the U.S. Gulf, showcasing the company's confidence in future growth.
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