Price Target Update on Chevron Corporation (NYSE:CVX)

Chevron Corporation (NYSE:CVX) : The highest short term price target forecast on Chevron Corporation (NYSE:CVX) is $122 and the lowest target price is $85. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $107.5 with a standard deviation of $8.66.

Other Equity analysts have also commented 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.

Chevron Corporation (NYSE:CVX): stock turned positive on Thursday. Though the stock opened at $103.45, the bulls momentum made the stock top out at $104.45 level for the day. The stock recorded a low of $103.07 and closed the trading day at $104.44, in the green by 2.10%. The total traded volume for the day was 5,593,573. The stock had closed at $102.29 in the previous days trading.

The company shares have rallied 4.02% 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 $101.36 and the 200 Day Moving Average price is recorded at $93.26. 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.

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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