BMO says buy Chevron as oil giant will hike dividend and resume buybacks

CNBC2021-07-12

Higher oil prices should mean more cash flowing to Chevron shareholders, making the stock a smart bet, according to BMO Capital Markets. Analyst Phillip Jungwirth initiated coverage of the stock with ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

janesingleto
2021-07-12
janesingleto
Buyback is always welcome
SaveHK
2021-07-12
SaveHK
Buy low and sell high?
VantagePoint
2021-07-12
VantagePoint
Good
Raj_SG
2021-07-12
Raj_SG
Nice
SohSH
2021-07-12
SohSH
Nice
YX_Lim
2021-07-12
YX_Lim
[微笑]

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1127514414?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-12 19:31","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1127514414","market":"us","top_or_hot":-1,"title":"BMO says buy Chevron as oil giant will hike dividend and resume buybacks","media":"CNBC","content":"<div>\n<p>Higher oil prices should mean more cash flowing to Chevron shareholders, making the stock a smart bet, according to BMO Capital Markets.\nAnalyst Phillip Jungwirth initiated coverage of the stock with ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/12/chevron-stock-bmo-outperform-dividend-hike.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BMO says buy Chevron as oil giant will hike dividend and resume buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBMO says buy Chevron as oil giant will hike dividend and resume buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 19:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/12/chevron-stock-bmo-outperform-dividend-hike.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Higher oil prices should mean more cash flowing to Chevron shareholders, making the stock a smart bet, according to BMO Capital Markets.\nAnalyst Phillip Jungwirth initiated coverage of the stock with ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/12/chevron-stock-bmo-outperform-dividend-hike.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CVX","symbol_name":"雪佛龙","start_time":0,"source_url":"https://www.cnbc.com/2021/07/12/chevron-stock-bmo-outperform-dividend-hike.html","article_id":"1127514414","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/07/12/chevron-stock-bmo-outperform-dividend-hike.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1127514414","pubTimestamp":1626089490,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"Higher oil prices should mean more cash flowing to Chevron shareholders, making the stock a smart be","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CVX":"雪佛龙"},"translate_title":"BMO称收购雪佛龙石油巨头将提高股息并恢复回购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVX":0.9},"content_text":"Higher oil prices should mean more cash flowing to Chevron shareholders, making the stock a smart bet, according to BMO Capital Markets.\nAnalyst Phillip Jungwirth initiated coverage of the stock with an outperform rating, saying in a note to clients on Monday that Chevron was poised to generate a ton of cash over the next 18 months and the shares look undervalued.\n“We expect Chevron to achieve 2021 and 2022 [cash flow from operations] of $27.1Bn and $33.5Bn, which equate to [free cash flow] of $17.9Bn and $22.6Bn. ... Over the past six months, Chevron shares have lagged other upstream producers despite having similar cash flow leverage to higher oil prices,” the note said.\nThat extra cash will likely be distributed to shareholders, Jungwirth wrote.\n“We think Chevron is in a strong position to increase shareholder returns and assume 5% dividend growth and a resumption of $2.4Bn in share buybacks beginning 2022+,” the note said. The company suspended buybacks in March 2020 due to the pandemic.\nThe stock has gained 23% year to date, which is outpacing the broader market but lagging the oil and gas industry.\nBMO set a price target of $123 per share for Chevron. That is 18% above where the stock closed on Friday.\nJungwirth also initiated coverage of Exxon Mobilon Monday, rating the stock as market perform.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":146700109,"gmtCreate":1626098201601,"gmtModify":1703753351933,"author":{"id":"3580380282279257","authorId":"3580380282279257","name":"janesingleto","avatar":"https://static.tigerbbs.com/71fdd7c96b1e99ad300d8d0e2f010a2a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Buyback is always welcome","listText":"Buyback is always welcome","text":"Buyback is always welcome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146700109","repostId":1127514414,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146545910,"gmtCreate":1626093732030,"gmtModify":1703753184360,"author":{"id":"3570678493691973","authorId":"3570678493691973","name":"SaveHK","avatar":"https://static.tigerbbs.com/89b74f5799a23844400ed6de94296d38","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Buy low and sell high?","listText":"Buy low and sell high?","text":"Buy low and sell high?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146545910","repostId":1127514414,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146569517,"gmtCreate":1626091699539,"gmtModify":1703753133481,"author":{"id":"3577966321871067","authorId":"3577966321871067","name":"VantagePoint","avatar":"https://static.tigerbbs.com/38425752c9f5345dbdf1f36853ff21a8","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146569517","repostId":1127514414,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146587599,"gmtCreate":1626091493911,"gmtModify":1703753130843,"author":{"id":"3556195957815448","authorId":"3556195957815448","name":"Raj_SG","avatar":"https://static.tigerbbs.com/59b13824d6747c85b74d54e68ac4eeab","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146587599","repostId":1127514414,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146581565,"gmtCreate":1626091002457,"gmtModify":1703753123394,"author":{"id":"3583958274630299","authorId":"3583958274630299","name":"SohSH","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146581565","repostId":1127514414,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146513413,"gmtCreate":1626090229832,"gmtModify":1703753106414,"author":{"id":"3582003272302639","authorId":"3582003272302639","name":"YX_Lim","avatar":"https://static.tigerbbs.com/fa773c19ae42fe8d2b32a372e4b7349b","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146513413","repostId":1127514414,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":33,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1127514414"}