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Chevron's Free Cash Flow Rises - An Expected Dividend Hike Could Push CVX 14% Higher

Chevron Corp (CVX) reported a 52% YoY gain in Q3 adjusted free cash flow (FCF), and a 14% adjusted FCF margin. That more than covered its dividend and buybacks. This implies that if Chevron raises its dividend by 5%, CVX stock may be worth 177.49pershare,basedonitsaverageyield.Thatrepresentsapotential14177.49 per share, based on its average yield. That represents a potential 14% gain over today's price of 155.72. However, CVX is still well off its recent peak of 161.82onSept.2,butupfromarecentlowof161.82 on Sept. 2, but up from a recent low of 148.90 on Oct. 10. More News from Barchart CVX stock - ...