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Barchart
Barchart
Mark R. Hake, CFA

YOU WONT BELIEVE: Chevron s 4 2 dividend yield and low 10x p e multiple make it cheap - What They Never Told You

Chevron CVX Morningstar

Chevron Corp (CVX) stock looks cheap based on its 4.2% dividend yield, which could rise along with an expected dividend hike next quarter. Also its forward 10x price-to-earnings (P/E) multiple is well below the historical average. One play to take advantage of this is a short-put trade.

CVX stock is down over 14% in the last two months at $142.95 as of Friday, Nov. 10, down from $166.81 on Sept. 12. That has led to investors' complacency about the stock.

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