Chevron Corporation (NYSE:CVX) has tumbled 0.4% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.78% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.79% and the outperformance has advanced to 0.86% for the last 4 weeks period.
Chevron Corporation (NYSE:CVX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $101.44 and $100.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.57, notching a gain of 0.49% for the day. The total traded volume was 8,762,183 . The stock had closed at $101.07 on the previous day.
The company shares have rallied 2.11% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $104.26 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $101.35 and the 200 Day Moving Average price is recorded at $92.95.
On the companys insider trading activities,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.
Many analysts have stated their opinion on the company shares. Raymond James downgrades their rating on the shares of Chevron Corporation (NYSE:CVX). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on March 22, 2016. Currently the company Insiders own 0.4% of Chevron Corporation shares according to the proxy statements. Institutional Investors own 64.1% of Chevron Corporation 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.