Chevron Corporation (CVX) : The consensus on Chevron Corporation (CVX) based on 17 analyst recommendation on the company stock is 1.88, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Chevron Corporation (CVX) stock is expected to deviate a maximum of $8.66 from the average target price of $107.5 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $122 and the most muted being $85.
Chevron Corporation (NYSE:CVX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $103.26 and $102.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $104.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $104.58, notching a gain of 0.98% for the day. The total traded volume was 6,166,864 . The stock had closed at $103.57 on the previous day.
The company shares have rallied 10.70% from its 1 Year high price. On Jun 30, 2016, the shares registered one year high at $105.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $101.77 and the 200 Day Moving Average price is recorded at $94.13.
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.