Chevron (CVX) is a bargain given that its forward P/E multiple is 10.2x, and the company is likely going to hike its dividend next month. That gives CVX stock a forward dividend yield of 4.45% yield. Existing shareholders can also still make good money selling short out-of-the-money (OTM) put options.
In morning trading on Dec. 5, CVX stock is about $144.00 per share. The stock has been fairly stable since it released its Q3 earnings on Oct. 27. It closed at $144.35 on Oct. 27, so, in effect, the stock has been flat since then.
