The Latest Breaking News from CVX

Chevron stock has an attractive 3.89% dividend yield and is cheap at 11.5x earnings. This makes it popular with value investors as well as traders who short out-of-the-money puts.

Chevron stock has been rising with the higher prices of oil and gas this weekend. The 3.90% CVX dividend yield and its massive buybacks are attractive to value buyers, including short-put traders.

Chevron had better-than-expected Q1 earnings and cash flow from operations compared to last year. This makes its 3.78% dividend and 5.5% buyback yields attractive to value investors.

Recent banking turmoil and rising interest rates have weighed heavily on investors’ sentiment lately. However, weak economic data signaling slowing growth could result in relatively easy monetary policies in the second half of 2023. Given the macroeconomic backdrop, investors could consider adding fundamentally sound low P/E stocks Pfizer (PFE), Chevron…

Chevron stock is down slightly in the last month but investors can still take advantage of its high out-of-the-money put premiums by shorting them for income and to reduce buy-in costs.

Someone with a lot of money to spend has taken a bullish stance on Chevron (NYSE:CVX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

A whale with a lot of money to spend has taken a noticeably bullish stance on Chevron. Looking at options history for Chevron (NYSE:CVX) we detected 21 strange trades.

U.S. oil majors Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE: CVX) both reported impressive third-quarter numbers last week, with each company beating consensus earnings estimates by roughly 15%.

Someone with a lot of money to spend has taken a bullish stance on Chevron (NYSE:CVX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.