Zacks Rating on Chevron Corporation (CVX)

Chevron Corporation (CVX) : 16 analysts are covering Chevron Corporation (CVX) and their average rating on the stock is 1.81, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Chevron Corporation (CVX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Chevron Corporation (CVX) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $125 and the lowest price target forecast is $85. The average forecast of all the analysts is $112 and the expected standard deviation is $10.56.


Shares of Chevron Corporation appreciated by 0.13% during the last five trading days but lost 0.31% on a 4-week basis. Chevron Corporation is up 2.56% in the last 3-month period. Year-to-Date the stock performance stands at 16.89%. Chevron Corporation (NYSE:CVX): On Tuesdays trading session , Opening price of the stock was $102.03 with an intraday high of $102.17. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $101.5. However, the stock managed to close at $101.68, a loss of 0.26% for the day. On the previous day, the stock had closed at $101.94. The total traded volume of the day was 4,929,677 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *