Chevron Corporation (CVX) : Traders are bullish on Chevron Corporation (CVX) as it has outperformed the S&P 500 by a wide margin of 0.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.16% in the last 1 week, and is up 5.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.26% and the 50-Day Moving Average is 4.93%.
Chevron Corporation (NYSE:CVX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $107.33 and $106.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $107.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $107.03, notching a gain of 0.31% for the day. The total traded volume was 6,164,280 . The stock had closed at $106.70 on the previous day.
The company Insiders own 0.4% of Chevron Corporation shares according to the proxy statements. Institutional Investors own 64.12% of Chevron Corporation shares. In a related news,The director of Chevron Corp, Deily Linnet F sold 869 shares at $103.27 on May 2, 2016. The Insider selling transaction had a total value worth of $89,742. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.