My Financial Independence Journey » Investment portfolio » Recent Buy – Chevron (CVX)

Recent Buy – Chevron (CVX)

June 4th, 2013 | 3 Comments

As part of my commitment to keep my readers up to date on my portfolio, I write up short posts describing my transactions.  Recently, I purchased 29 shares of Chevron (CVX).

These 29 shares have a total cost basis of $3,634.99, which works out to about $125.34 per share.  I feel that this is a fair value, especially given currently overvalued nature of the market.  CVX’s current forward dividend is $4.00 per share.  So this amounts to a 3.19% starting yield.  This purchase will increase my dividend stream by $116 per year.  I feel that this is a fair starting yield, made better by CVx’s history of dividend growth, low PE ratio, low payout ratio, and the fact that the dividend discount models consider it to be undervalued.

Chevron is a major oil and gas company.  Check out my recent analysis of CVX for more detail.

Disclosure:  I am long CVX.

Readers:  What do you think of this purchase?

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Written by MFIJ

Filed under: Investment portfolio · Tags: chevron, cvx, recent buy

3 Responses to "Recent Buy – Chevron (CVX)"

1. All About Interest says:

   June 4, 2013 at 11:25 am

   Nice purchase. I just recently added to my CVX holding. They seem to be reasonably valued in this market. Good luck!

   Reply
2. Jake @ Common Cents Wealth says:

   June 4, 2013 at 2:12 pm

   Sounds like a great purchase for you. It’s tough to find value in a market like this.

   Reply
3. Laurie @thefrugalfarmer says:

   June 4, 2013 at 3:56 pm

   I think it was a good choice. Based on your stock analysis of Chevron, I would’ve likely bought too.

   Reply