Chevron Corporation (CVX) : 10 brokerage houses believe that Chevron Corporation (CVX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Chevron Corporation (CVX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 1.76.
Chevron Corporation (CVX) : Currently there are 12 street experts covering Chevron Corporation (CVX) stock. The most bullish and bearish price target for the stock is $125 and $85 respectively for the short term. The average price target of all the analysts comes to $112. The estimated standard deviation from the target is $10.56.
For the current week, the company shares have a recommendation consensus of Buy. Chevron Corporation (NYSE:CVX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.65 and $100.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.40, notching a gain of 1.26% for the day. The total traded volume was 4,836,566 . The stock had closed at $100.14 on the previous day.
In a related news,The officer (Executive Vice President) of Chevron Corp, Breber Pierre R sold 21,000 shares at $98.77 on August 2, 2016. The Insider selling transaction had a total value worth of $2,074,170. 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.