Shares of Chevron (CVX - Get Report) are down 1.2% following a downgrade to sell from hold by an analyst at Goldman Sachs. Goldman also lowered its price target to $99 from $111. Analysts question how quickly Chevron can raise its dividend going forward, given its current dividend coverage, TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
Instead, the analysts argue that Exxon Mobil (XOM - Get Report) is a better buy at the moment, he added. However, Cramer says that analysts at Goldman Sachs seem to be a little too pessimistic on their oil forecasts. Regardless, Chevron is a "great American company," he said, pointing out that John Stumpf, chairman and CEO of Wells Fargo (WFC) and a Chevron board member, bought a whopping $19.46 million worth of Chevron stock. So even though the company has stopped buying back its own shares, it has not prevented large buys from insiders.
Source: The Street
Related Articles:
- How Much Money Will You Need To Retire?
- Seeding A Forest Of Dividend Growth Stocks
- 7 Stocks With A Strong Cash To Dividend Coverage
- Optimizing Your Asset Allocation
- Dividend Growth Stocks Are My Conviction
Chevron vs. Exxon Mobil; Possible Yelp Hookup
Posted by D4L | Saturday, June 13, 2015 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
GameStop (NYSE:GME) lost about 40% of its market value over the past three years, as rising digital downloads and declining mall traffic thr...
-
In a capitalistic society, opportunities to generate (mostly) passive income are all around us. Dividend growth investing is one of the most...
-
Investors buy dividend stocks for a few reasons. For one, they provide income via dividends that act as a bonus on top of capital appreciati...
-
These elite income producers have rallied this year. Their brilliance at producing passive income seems to have caught the market's eye ...
-
If you are looking for reliable dividends, these three Dividend Kings should be right up your alley. Dividends are paid at the discretion of...
-
Buying dividend stocks can be tricky. Oftentimes, stocks that pay exorbitantly high dividends have underlying financial problems, and their ...
-
While optimism in the broader market remains robust – particularly for hyped-up sectors like technology – investors may still want to consid...
-
A strong dividend investing strategy may be to focus on high-quality names that score well on several dividend-related metrics. In other wor...
-
When many investors think about tech stocks, they often think first about high-growth names that come with outsized risk -- not mature, divi...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.