Chevron Corp (CVX) stock is up 14.7% YTD and still looks cheap with a 4.1% dividend yield and a forward price-to-earnings multiple below 15x. Value buyers love this, and many are shorting out-of-the-money (OTM) puts to gain extra income.
CVX closed at $166.09, up from a recent low of $150.85 on March 5. However, it is still well below its 5-year high of $188.53 on November 7, 2022. Moreover, analysts still have significantly higher price targets, as will be seen later in this article.
