When Will Chevron Corporation Split Its Stock Again?
Chevron's (NYSE: CVX) stock has been red-hot over the past year, surging 18.5%, which has outperformed the S&P 500's 17% return over that time frame. The stock currently trades for more than $115 per share, which has it getting closer to its split-adjusted all-time high, hit in 2014, of $135.10 per share. That's despite the fact that crude is still more than 50% off its most recent peak.
The stock's rally this year and Chevron's history of splitting when shares reach the triple digits certainly increase the odds that another split could be just around the corner. While some investors are focused on when that might happen, it's not what they should concentrate on; splits aren't going to create additional value. What will is the company's success in repositioning so it can thrive at lower oil prices.
Image source: Getty Images.
Source: Fool.com
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