Chevron Texaco

CVX-N

NYSE:CVX

82.74
3.61 (4.18%)
Chevron Corporation is an American multinational energy corporation. One of the successor companies of Standard Oil, it is headquartered in San Ramon, California, and active in more than 180 countries.
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Analysis and Opinions about CVX-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 23, 2020
Oil Companies. The war between Saudi Arabia and Russia may be a concerted effort to put marginal producers out of business. It is an unpredictable battle.
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Chevron Texaco (CVX-N)
March 23, 2020
Oil Companies. The war between Saudi Arabia and Russia may be a concerted effort to put marginal producers out of business. It is an unpredictable battle.
COMMENT
COMMENT
October 16, 2019
Well-run. Disciplined in capital allocation, like stepping out of the bidding for a company when a certain price was reached. They had the discipline to pull out. But the energy space is challenged.
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Chevron Texaco (CVX-N)
October 16, 2019
Well-run. Disciplined in capital allocation, like stepping out of the bidding for a company when a certain price was reached. They had the discipline to pull out. But the energy space is challenged.
DON'T BUY
DON'T BUY
May 7, 2019
Energy is benefitting from the current bump in oil prices. But he prefers the integrateds like BP and Royal Dutch Shell than Chevron.
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Energy is benefitting from the current bump in oil prices. But he prefers the integrateds like BP and Royal Dutch Shell than Chevron.
SELL
SELL
April 26, 2019
Time to get out? You should get out. If they lose and acquire further Permian acreage, he would prefer to own a mid-cap producer in the space.
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Chevron Texaco (CVX-N)
April 26, 2019
Time to get out? You should get out. If they lose and acquire further Permian acreage, he would prefer to own a mid-cap producer in the space.
BUY
BUY
April 22, 2019
He likes the oil space; it's cheap. He prefers Exxon Mobil, but CVX is cheaper and a good stock. $127.80 is his target price, a modest upside. Good 4% dividend.
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Chevron Texaco (CVX-N)
April 22, 2019
He likes the oil space; it's cheap. He prefers Exxon Mobil, but CVX is cheaper and a good stock. $127.80 is his target price, a modest upside. Good 4% dividend.
DON'T BUY
DON'T BUY
July 17, 2018

He likes this stock. His model price is $140, 14% higher than the current price. The dividend is covered by the earnings. He expects it to rise with the market through year-end, if the market rises. However, he thinks there is better value elsewhere.

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He likes this stock. His model price is $140, 14% higher than the current price. The dividend is covered by the earnings. He expects it to rise with the market through year-end, if the market rises. However, he thinks there is better value elsewhere.

PAST TOP PICK
PAST TOP PICK
April 27, 2018

(A Top Pick September 5/17 Up 17%) Investors are probably liking this better than Exxon (XOM-N), due to its cost cutting measures and development of LNG in Australia.

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Chevron Texaco (CVX-N)
April 27, 2018

(A Top Pick September 5/17 Up 17%) Investors are probably liking this better than Exxon (XOM-N), due to its cost cutting measures and development of LNG in Australia.

DON'T BUY
DON'T BUY
January 11, 2018

COP-N vs. CVX-N. He prefers COP-N. It has underperformed. It is more in the E&P space and did some divestitures recently. They are in a great spot. There is nothing wrong with CVX-N but it will underperform.

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Chevron Texaco (CVX-N)
January 11, 2018

COP-N vs. CVX-N. He prefers COP-N. It has underperformed. It is more in the E&P space and did some divestitures recently. They are in a great spot. There is nothing wrong with CVX-N but it will underperform.

PAST TOP PICK
PAST TOP PICK
December 21, 2017

(A Top Pick Jan 6 /17, Up 11%) It’s a juggernaut in this space, one of the biggest fully integrated company in the world. At the time it really wasn’t that much of a risk. Oil prices went down but because it was fully integrated, it beneficiated from the pump side. He still feels it’s low risk despite the price going up a little bit and you’re getting a nice little dividend

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Chevron Texaco (CVX-N)
December 21, 2017

(A Top Pick Jan 6 /17, Up 11%) It’s a juggernaut in this space, one of the biggest fully integrated company in the world. At the time it really wasn’t that much of a risk. Oil prices went down but because it was fully integrated, it beneficiated from the pump side. He still feels it’s low risk despite the price going up a little bit and you’re getting a nice little dividend

TOP PICK
TOP PICK
September 5, 2017

He would be in a weakened industry group, because if the stock has underperformed along with the whole industry, there is less of a risk that it would be a specific company issue. When the whole industry rebounds, some companies don’t. This is the 4th largest dividend payer and is globally diversified. He particularly likes some new gas operations they have in Asia, some of the prime property they have in the Permian Basin and some great refining assets in California. They are going to have some new management and are firmly committed to their dividend. Dividend yield of 3.9%. (Analysts’ price target is $119.)

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Chevron Texaco (CVX-N)
September 5, 2017

He would be in a weakened industry group, because if the stock has underperformed along with the whole industry, there is less of a risk that it would be a specific company issue. When the whole industry rebounds, some companies don’t. This is the 4th largest dividend payer and is globally diversified. He particularly likes some new gas operations they have in Asia, some of the prime property they have in the Permian Basin and some great refining assets in California. They are going to have some new management and are firmly committed to their dividend. Dividend yield of 3.9%. (Analysts’ price target is $119.)

PAST TOP PICK
PAST TOP PICK
June 9, 2017

(A Top Pick March 21/17. Down 2%.) He still likes this. It wasn’t their fault that oil prices were weak. The beauty of this company is that you get the 4% dividend yield. He would hang in there with this.

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(A Top Pick March 21/17. Down 2%.) He still likes this. It wasn’t their fault that oil prices were weak. The beauty of this company is that you get the 4% dividend yield. He would hang in there with this.

TOP PICK
TOP PICK
March 21, 2017

He is looking for market-leading companies that are in sectors out of favour, and either have very strong dividends or some sort of catalyst that will unlock value. This one meets all that criteria. Oil has dropped over $100 a barrel, down to about $26, and then moved up now to just below $50. As a result, companies are still shutting in production as opposed to expanding, until supply/demand come back into sync. This is a great way to play that. No matter what happens, this company is dedicated to holding up their 4% dividend yield. Also, they have already made a lot of investments such as Indonesia, so CapX is going to be further reduced, and will be able to grow their free cash flow going forward. (Analysts’ price target is $126.50.)

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Chevron Texaco (CVX-N)
March 21, 2017

He is looking for market-leading companies that are in sectors out of favour, and either have very strong dividends or some sort of catalyst that will unlock value. This one meets all that criteria. Oil has dropped over $100 a barrel, down to about $26, and then moved up now to just below $50. As a result, companies are still shutting in production as opposed to expanding, until supply/demand come back into sync. This is a great way to play that. No matter what happens, this company is dedicated to holding up their 4% dividend yield. Also, they have already made a lot of investments such as Indonesia, so CapX is going to be further reduced, and will be able to grow their free cash flow going forward. (Analysts’ price target is $126.50.)

PAST TOP PICK
PAST TOP PICK
March 13, 2017

(A Top Pick Jan 6/17. Down 6%.) The kind of stock you should own for the long-term. It is still undervalued. It has a great, long term track record. Still likes this.

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Chevron Texaco (CVX-N)
March 13, 2017

(A Top Pick Jan 6/17. Down 6%.) The kind of stock you should own for the long-term. It is still undervalued. It has a great, long term track record. Still likes this.

BUY
BUY
February 17, 2017

(Market Call Minute) Large integrated company paying a nice yield.

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Chevron Texaco (CVX-N)
February 17, 2017

(Market Call Minute) Large integrated company paying a nice yield.

TOP PICK
TOP PICK
January 6, 2017

Rates this as a low to medium risk stock. This is a lot like Suncor (SU-T), only a US version. Very consistent return on invested capital, fully integrated. It looks undervalued. 3.7% dividend yield. (Analysts’ price target is $124.13.)

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Chevron Texaco (CVX-N)
January 6, 2017

Rates this as a low to medium risk stock. This is a lot like Suncor (SU-T), only a US version. Very consistent return on invested capital, fully integrated. It looks undervalued. 3.7% dividend yield. (Analysts’ price target is $124.13.)

HOLD
HOLD
November 22, 2016

He is a big believer in this. Thinks the dividend is sustainable. They have earned 10%, 12%, 8% consistently over time in that range. He thinks a lower return is priced into the stock right now. The lower return they are earning at the moment should rebound in the long run. Feels the dividend is sustainable.

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Chevron Texaco (CVX-N)
November 22, 2016

He is a big believer in this. Thinks the dividend is sustainable. They have earned 10%, 12%, 8% consistently over time in that range. He thinks a lower return is priced into the stock right now. The lower return they are earning at the moment should rebound in the long run. Feels the dividend is sustainable.

BUY
BUY
June 14, 2016

A large integrated company based out of the US. An excellent long-term core holding. She tends to stay with Canadian ones for energy exposure. This company can take advantage of the low point in the cycle to buy assets at attractive prices. As a refiner, they benefit when commodity prices go down. Pretty good dividend yield of about 4.3%.

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A large integrated company based out of the US. An excellent long-term core holding. She tends to stay with Canadian ones for energy exposure. This company can take advantage of the low point in the cycle to buy assets at attractive prices. As a refiner, they benefit when commodity prices go down. Pretty good dividend yield of about 4.3%.

SELL
SELL
June 1, 2016

We need to concern ourselves with oil. The stock itself looks good. Chart shows a big volume and a big drop. He would be a seller at this point. The first number you have to worry about is a psychological one of $100.

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We need to concern ourselves with oil. The stock itself looks good. Chart shows a big volume and a big drop. He would be a seller at this point. The first number you have to worry about is a psychological one of $100.

COMMENT
COMMENT
May 24, 2016

Oil prices in the US kind of move opposite to the US$, giving you a kind of offset. Oil exposure in Canada moves truer to what oil prices actually are doing. This gives US companies less volatility. The dividend is this company’s #1 priority. They are looking more at divesting assets as opposed to buying opportunities, and are more focused on short cycle projects.

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Oil prices in the US kind of move opposite to the US$, giving you a kind of offset. Oil exposure in Canada moves truer to what oil prices actually are doing. This gives US companies less volatility. The dividend is this company’s #1 priority. They are looking more at divesting assets as opposed to buying opportunities, and are more focused on short cycle projects.

COMMENT
COMMENT
May 18, 2016

A very high quality integrated company. She has always chosen to stay in Canada for energy. This is a very large diversified name, and will be able to withstand the downturn. When times are difficult, they can probably scoop up assets at distressed prices.

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A very high quality integrated company. She has always chosen to stay in Canada for energy. This is a very large diversified name, and will be able to withstand the downturn. When times are difficult, they can probably scoop up assets at distressed prices.

HOLD
HOLD
December 21, 2015

He likes integrateds. The low is higher than in 2009. He would favour it. The volume has stopped the downtrend and it should start to rally.

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Chevron Texaco (CVX-N)
December 21, 2015

He likes integrateds. The low is higher than in 2009. He would favour it. The volume has stopped the downtrend and it should start to rally.

BUY
BUY
December 10, 2015

The midstream and downstream operations have been very good. The upstream business has been very challenged. The big guys should continue to well. He prefers SU-T, however, who have no decline rate.

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Chevron Texaco (CVX-N)
December 10, 2015

The midstream and downstream operations have been very good. The upstream business has been very challenged. The big guys should continue to well. He prefers SU-T, however, who have no decline rate.

COMMENT
COMMENT
December 2, 2015

Good quality company. This makes a lot of sense if you want oil/gas exposure. She doesn’t have much exposure to the mega type companies, because the opportunity for adding value really starts to diminish. The larger they get they are forced to chase more and more marginal barrels. A relatively safe way to stay invested in the oil/gas space; however the opportunities for true valuation creation are much greater in some of the smaller companies.

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Chevron Texaco (CVX-N)
December 2, 2015

Good quality company. This makes a lot of sense if you want oil/gas exposure. She doesn’t have much exposure to the mega type companies, because the opportunity for adding value really starts to diminish. The larger they get they are forced to chase more and more marginal barrels. A relatively safe way to stay invested in the oil/gas space; however the opportunities for true valuation creation are much greater in some of the smaller companies.

BUY
BUY
October 26, 2015

Caller worried about holding for 5 years and finding the currency swing has cancelled out his gains in this one. Brian feels the Canadian dollar will max out at $0.85.

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Chevron Texaco (CVX-N)
October 26, 2015

Caller worried about holding for 5 years and finding the currency swing has cancelled out his gains in this one. Brian feels the Canadian dollar will max out at $0.85.

WAIT
WAIT
October 6, 2015

The 5% dividend is sustainable. The technical analysis is not supportive of plowing into energy at this point. He would prefer an E & P company. You have probably seen the lows in energy if oil does not go lower.

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Chevron Texaco (CVX-N)
October 6, 2015

The 5% dividend is sustainable. The technical analysis is not supportive of plowing into energy at this point. He would prefer an E & P company. You have probably seen the lows in energy if oil does not go lower.

PAST TOP PICK
PAST TOP PICK
September 9, 2015

(A Top Pick Aug 15/14. Down 36.81%.) Still likes this, along with Exxon (XOM-N) and he would recommend both here. This is trading right on his model price. This has never traded at this cheap a valuation since 1995.

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Chevron Texaco (CVX-N)
September 9, 2015

(A Top Pick Aug 15/14. Down 36.81%.) Still likes this, along with Exxon (XOM-N) and he would recommend both here. This is trading right on his model price. This has never traded at this cheap a valuation since 1995.

COMMENT
COMMENT
August 13, 2015

Bought this because of its diverse asset base. Their problem and why she bought into the stock, is their 2 big projects they are working on. Both are still in development and no production coming out of them. The company had a very strong history of generating good returns and have executed a lot of these large projects, so she bought into that fear expecting she would be fine. With the price of oil coming down, that has been problematic, because so much of their capital is tied up and committed to finishing the projects. This is going to be driven by the oil price.

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Chevron Texaco (CVX-N)
August 13, 2015

Bought this because of its diverse asset base. Their problem and why she bought into the stock, is their 2 big projects they are working on. Both are still in development and no production coming out of them. The company had a very strong history of generating good returns and have executed a lot of these large projects, so she bought into that fear expecting she would be fine. With the price of oil coming down, that has been problematic, because so much of their capital is tied up and committed to finishing the projects. This is going to be driven by the oil price.

COMMENT
COMMENT
July 21, 2015

Doesn't show the pattern he looks for. Indicators are low. Looks like it is oversold. Could look at the XLE-US which is the basket of the energy sector US ETF. Could add to this name or wait and see if the whole space is actually moving up and at the same time watch Chevron to see if it is going to catch up.

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Doesn't show the pattern he looks for. Indicators are low. Looks like it is oversold. Could look at the XLE-US which is the basket of the energy sector US ETF. Could add to this name or wait and see if the whole space is actually moving up and at the same time watch Chevron to see if it is going to catch up.

COMMENT
COMMENT
July 13, 2015

This company has downstream as well, so it is protected somewhat. However, these companies are just facing such strong headwinds. If you are not prepared to sit on this for quite a long period of time, there are other places to go.

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This company has downstream as well, so it is protected somewhat. However, these companies are just facing such strong headwinds. If you are not prepared to sit on this for quite a long period of time, there are other places to go.

PAST TOP PICK
PAST TOP PICK
March 5, 2015

(Top Pick Mar 26/14, Down 7.57%) Still a favourite in the oil space. His model price is $87.63 or -17% and is has a 4.62% yield. He owns it on a net asset value basis.

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(Top Pick Mar 26/14, Down 7.57%) Still a favourite in the oil space. His model price is $87.63 or -17% and is has a 4.62% yield. He owns it on a net asset value basis.

PAST TOP PICK
PAST TOP PICK
January 8, 2015

(Top Pick Jan 14/14, Down 4.64%) As it comes down he will buy more. Has a 7% upside in his model. The majors have the pick of the lot in terms of assets.

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Chevron Texaco (CVX-N)
January 8, 2015

(Top Pick Jan 14/14, Down 4.64%) As it comes down he will buy more. Has a 7% upside in his model. The majors have the pick of the lot in terms of assets.

PAST TOP PICK
PAST TOP PICK
January 5, 2015

(A Top Pick Jan 2/14. Down 9.55%.) The oils that came through, relatively speaking, were the senior integrateds. They got hurt, but they didn’t get pounded. The value is still strong.

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Chevron Texaco (CVX-N)
January 5, 2015

(A Top Pick Jan 2/14. Down 9.55%.) The oils that came through, relatively speaking, were the senior integrateds. They got hurt, but they didn’t get pounded. The value is still strong.

WAIT
WAIT
December 29, 2014

Seasonal strength is from mid Feb. until May of each year. It is trying to form a base pattern, but it is too early right now. Okay to hold if you already own it.

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Chevron Texaco (CVX-N)
December 29, 2014

Seasonal strength is from mid Feb. until May of each year. It is trying to form a base pattern, but it is too early right now. Okay to hold if you already own it.

COMMENT
COMMENT
December 10, 2014

In the very short term, there is pressure on the oil/gas sector. In the next month, he would expect this stock to go lower, but in 5 years, you will make money on this. In the next 6 months, a financial would probably do better.

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Chevron Texaco (CVX-N)
December 10, 2014

In the very short term, there is pressure on the oil/gas sector. In the next month, he would expect this stock to go lower, but in 5 years, you will make money on this. In the next 6 months, a financial would probably do better.

BUY
BUY
December 8, 2014

Thinks this is in a good position. She invested in this originally because it had a lot of capital projects coming on line and a lot of spend going on. Whenever you have that type of spending, the investment community is always a little concerned about what your costs are going to come in at, in overruns, etc. She took an opportunity to Buy in that environment. Even through 2018, you are supposed to see a ramp up in their production. They have key assets in Asia and are still funding the growth there. A good asset.

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Chevron Texaco (CVX-N)
December 8, 2014

Thinks this is in a good position. She invested in this originally because it had a lot of capital projects coming on line and a lot of spend going on. Whenever you have that type of spending, the investment community is always a little concerned about what your costs are going to come in at, in overruns, etc. She took an opportunity to Buy in that environment. Even through 2018, you are supposed to see a ramp up in their production. They have key assets in Asia and are still funding the growth there. A good asset.

PAST TOP PICK
PAST TOP PICK
December 3, 2014

(A Top Pick Jan 14/14. Down 1.35%.) This is an integrated and you want to look at the integrateds on both sides of the US and Canada border. There has been devastation in the oil patch, but this one is still flat and he loves that. He is also up about 10%-13% on the currency as well. This has an upside of 9% to his Model Price. (See Top Picks.)

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Chevron Texaco (CVX-N)
December 3, 2014