If investors are looking for a solid dividend stock with upside potential, Chevron Corporation (NYSE:CVX) could be one that ticks all the boxes. The stock currently provides a dividend yield of 3.96% for the Basic Materials company. Research analysts covering the stock are projecting that it will reach $137.73 within the next year.As we move into the second half of the year, investors will be keeping a close watch on their portfolios. There are plenty of financial gurus who are predicting the end of the bull market run, and there are plenty on the other side who believe that stocks are bound for greater heights. Whichever way the markets go, investors will need to watch which companies are hitting their marks on the earnings front. Investors may closely follow sell-side analyst estimates. It is important to remember that analyst projections are just that, projections. Following analyst expectations can provide a good glimpse into company actions, but strictly following what the analysts are saying may lead to difficulty in the future. Doing careful and extensive individual stock research may provide the investor with a more robust scope with which to successfully trade the market.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Chevron Corporation (NYSE:CVX)’s stock was 10.43%. Over the last week of the month, it was -5.16%, 7.54% over the last quarter, and 1.44% for the past six months.
Over the past 50 days, Chevron Corporation stock’s -5.65% off of the high and 3.64% removed from the low. Their 52-Week High and Low are noted here. -8.35% (High), 19.88%, (Low).
Fundamental analysis examines the financial elements of a company, for example; sales, cash flow, profit and balance sheet. These numbers are then crunched to create theoretical valuations of companies.
Earnings Per Share (EPS) is the earnings made by a company divided by their number of shares. EPS enables the earnings of a company to easily be compared to their competitors. The higher the number, the more profit per dollar is being made on investor capital. Chevron Corporation’s EPS for the trailing 12 months is 7.73. Their EPS should be compared to other companies in the Basic Materials sector.
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Price-to-Earnings Ratio is the current share price divided by annual earnings per share. P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. Easy to calculate and understand, P/E is an extremely common ratio that is used to compare valuations of stocks against each other relatively. Chevron Corporation’s P/E ratio is 15.54.
Projected Earnings Growth (PEG) is a forward looking ratio based on anticipated earnings growth. PEG is created by dividing P/E by the projected rate of earnings growth. Chevron Corporation’s PEG is 0.29.
Technical analysts have little regard for the value of a company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Analysts use common formulas and ratios to accomplish this.
Chevron Corporation (NYSE:CVX)’s RSI (Relative Strength Index) is 39.07. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.
Investors often have a large selection of stocks to research when looking to add to the portfolio. Investors have the ability to employ many different strategies to help beat the stock market. In the end, the main goal is typically to maximize profits while minimizing risk. Investors commonly strive to diversify the portfolio in order to minimize risk. Most serious investors are well aware of the risks when entering the equity market. Investors may choose to own stocks across multiple industries to keep from having all the eggs in one basket. Others may choose companies of different size, and even delve into foreign markets. Finding those hidden gems in the stock market may not be the easiest of chores. Investors may have to spend many hours doing the research and crunching the numbers.
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