#3 - Chevron (NYSE:CVX)
Dividend yield: 4.64%
Market capitalization: $220.55 billion
Chevron (NYSE:CVX) is the last (but not the least) stock to look at in the oil and gas sector. Chevron is the second-largest oil company in the United States and produces up to 3.1 million barrels of oil equivalent a day.
But fans of a company’s balance sheet will point to the company’s free cash flow (FCF) which reached its highest level of $6.7 billion. And that’s on top of the $47 billion of cash and cash equivalents that the company has on its balance sheet combined with total debt of $37 billion.
This is a reason that CVX stock is given a consensus buy by analysts with a $124.38 price target. That 8.7% upside may not excite investors. However, when you add in the company’s dividend which the company has increased for 33 consecutive years, you have a stock that deserves a place in your portfolio.
About Chevron
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
More- Current Price
- $153.20
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $174.13 (13.7% Upside)
