Chevron stock price is trading with a mixed tone, following the wild moves in the crude oil price. Investors expect an EPS of $1.57 to be announced on the earnings conference call.

Chevron is an integrated oil and gas corporation, one of the energy giants with a global presence. Its stock price is up 14.3% YTD, recovering from the pandemic lows as the crude oil price recovers from negative territory.

The decline in the price of oil at the start of the pandemic put tremendous pressure on energy stocks. The weakness was short-lived, however, as the price of oil recovered all its lost ground, triggering a bullish move in energy stocks, too. Nevertheless, Chevron’s stock price has not reached new highs like many US stocks did, and peaked between $120-$130.

Chevron Stock Price Supported By High Dividend Payout Ratio

Most of the energy stocks tried to compensate for the world’s shift away from fossil fuels by raising their dividends. Chevron currently has a dividend payout ratio of 87.01% and a dividend yield of 5.55%.

Investors expect an EPS of $1.57 for the second quarter of the year, and an annual revenue estimate for 2021 of $148.33 billion, expecting to grow to $152.7 billion in 2022. Chevron operates with a gross profit margin of 45.17%, slightly higher than the 39.38% sector median.

The analysts that follow Chevron's stock price have various price targets, but most of them are higher than $100. For instance, this month both Mizuho and BMO Capital Markets maintained their buy rating with a price target of $135 and $123 respectively – much higher than the current market price.