Brokerage Firm Rating Update on Chevron Corporation (CVX)

Chevron Corporation (CVX) : 9 brokerage houses believe that Chevron Corporation (CVX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Chevron Corporation (CVX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 1.81.

Chevron Corporation (CVX) : The highest short term price target forecast on Chevron Corporation (CVX) is $125 and the lowest target price is $85. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $112 with a standard deviation of $10.56.


For the current week, the company shares have a recommendation consensus of Buy. Also, PiperJaffray upgrades its rating on Chevron Corporation (NYSE:CVX). Analysts at the PiperJaffray have a current rating of Overweight on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 9, 2016.

Chevron Corporation (NYSE:CVX): The stock opened at $102.75 and touched an intraday high of $103.05 on Wednesday. During the day, the stock corrected to an intraday low of $102.24, however, the bulls stepped in and pushed the price higher to close in the green at $102.88 with a gain of 0.44% for the day. The total traded volume for the day was 5,284,271. The stock had closed at $102.43 in the previous trading session.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant. The Companys Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

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