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.

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