Is Chevron Stock a Buy?
Oil and natural gas prices are volatile, which is why the energy sector tends to go through periods of boom and bust. Those ups and downs can make energy a trying sector in which to invest. (NYSE: CVX), however, has a plan for riding the peaks and valleys while rewarding investors via a steady stream of dividends.
If you are looking at energy stocks today, you'll probably find this integrated energy giant attractive. Here's why.
Some companies specifically look to reward aggressive investors. Devon Energy (NYSE: DVN) is a good example of this and it accomplishes its goal by operating under a variable dividend policy. This pure-play energy producer's financial results go up and down with oil and natural gas prices and so too does its dividend. That is not the type of company a conservative, income-focused investor will want to own. Chevron is basically at the other end of the spectrum.
Source Fool.com
Chevron Corp. Stock
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 25.23% compared to the current price of 142.94 € for Chevron Corp..
