Chevron (CVX) stock has drifted down 8.6% since its Q1 earnings release at the end of April. As of Thursday, May 18, CVX stock was at $154.01, down from $168.58 on April 28, when Q1 earnings came out.
But that drop has also raised its dividend yield to 3.92% and reduced its P/E multiple to just 11x. That has made it even more attractive to value investors. Moreover, there are ways to enhance the investor's income by shorting out-of-the-money calls and puts.
