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Chevron is unanimously liked by the Raymond James, Standard & Poor's and Argus Research equity teams due to its superior ability to explore for and produce oil at a time when analysts are expecting rising oil prices.
The research groups have outperform, strong buy and buy recommendations, respectively, for the stock.
"Among the big integrated oil companies, Chevron is one of my favorites," Weiss of Argus Research tells
TheStreet. He reiterates his buy recommendation and $120 target price on Chevron as the company's cash flow benefits from production in several major projects that began over the last two years -- leaving it well-positioned to fund the next stage of these projects.
The Raymond James team says Chevron stands out in three, positive ways: through its above-average focus on oil compared with other energy peers -- over the last five plus years, Chevron has demonstrated the ability to outdo its peers in terms of finding oil and gas resources; and the company has a relatively small refining segment, within which there's significant exposure to the rapidly developing Asian economy.
Chevron, which has an attractive dividend yield of about 3%, is a low-risk stock, according to Standard & Poor's. S&P maintains that the company has a diversified and strong business profile in volatile, cyclical and capital-intensive segments of the energy industry; and sound, corporate governance practices and stable earnings.