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According to the experts, Chevron Texaco (CVX-N) has a pristine balance sheet with very little debt and a great dividend. While the recent M&A activity of the company has been disappointing to some, others believe that M&A will be accretive to major energy names. Despite a choppy oil market, experts see potential opportunities in the energy space with increasing demand and supply cuts. The company continues to generate impressive free cash flow and is considered relatively cheap in terms of valuation.
It reports Friday. Will they take advantage of higher oil prices due to the war premium (Middle East conflicts)? They should.
Oil prices are higher mostly on fundamentals, but also on geopolitical tensions and some manipulation of supply by the usual suspects. Fortress balance sheet. Payout ratio only 43-44%. Great income stock. Ignore short-term noise on Hess acquisition. BRK has a very large holding in CVX, and they don't do anything lightly. Yield is 4.1%.
(Analysts’ price target is $179.92)Oil has been choppy. Turmoil with purchase of Hess, though he likes the opportunity longer term. Tussle with XOM. Pristine balance sheet, very little debt, great dividend. Will do well with oil, profitable, just be patient.
Recent M&A not good for investors. Does not own shares in company. Disappointment on capital allocation in company. Would look elsewhere for energy sector investors.
Earnings haven't been great and the PE has declined. Tough comps face energy stocks going into 2024. But M&A will be accretive to the major energy names. Don't buy an energy ETF, but choose energy names.
She sold Chevron to buy more SLB, which is the #1 player in oil field services. Traeds at 17x forward PE. They raised guidance three times this year, yet shares haven't moved. Their technology is not appreciation.
Took profits to rotate into sectors with higher beta. Oil stocks have come off with price of oil. Chart's been sideways, earnings disappointment. Longer term, likes the energy space with demand moving higher and supply cuts. 7.5% free cashflow yield, 4.2% dividend yield. He'd consider adding back into the portfolio.
Is skeptical that them buying Hess will double their free cash flow by 2027, but not without risk. Earnings were okay, 8.5% better than last quarter but lower than a year ago. Had owned this 11 years, but would buy on a pullback. The dividend is secure and growing.
Oil has been rallying due to geopolitics, rather than demand. That may be why oil stocks have lagged crude. CVX was up 7% in Q3.
There's been underinvestment in oil while the world demands more oil. Chevron had a solid quarter despite lower oil prices last quarter, but he expects higher prices ahead. One of his top holdings.
You need some exposure to energy, so she's sticking with this.
He added more recently. Permian production hit a record. Saudi Arabia wants to cut more oil and raise prices. Also, he's bullish China, because there's little downside going forward.
Energy is out of favour. Very strong financial position, 11% debt to total capital. Capital investments of years ago are paying off. Great free cashflow. Trades at 7x enterprise value to EBITDA, relatively cheap. Wonderful promise on growth, and shareholder-friendly paybacks. Yield is 3.77%.
(Analysts’ price target is $185.18)Chevron Texaco is a American stock, trading under the symbol CVX-N on the New York Stock Exchange (CVX). It is usually referred to as NYSE:CVX or CVX-N
In the last year, 10 stock analysts published opinions about CVX-N. 8 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Chevron Texaco.
Chevron Texaco was recommended as a Top Pick by on . Read the latest stock experts ratings for Chevron Texaco.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
10 stock analysts on Stockchase covered Chevron Texaco In the last year. It is a trending stock that is worth watching.
On 2024-04-23, Chevron Texaco (CVX-N) stock closed at a price of $161.51.