Chevron Corporation (CVX) Shares are Up 0.16%

Chevron Corporation (CVX) has been under a strong bear grip, hence the stock is down -3.53% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.19% in the past 1 week. The stock has risen by 0.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.16% in the past 4 weeks.

Chevron Corporation is up 3.62% in the last 3-month period. Year-to-Date the stock performance stands at 17.63%. The stock has recorded a 20-day Moving Average of 1.49% and the 50-Day Moving Average is 0.39%.


Chevron Corporation (NYSE:CVX): The stock opened at $103.07 on Friday but the bulls could not build on the opening and the stock topped out at $103.13 for the day. The stock traded down to $102.12 during the day, due to lack of any buying support eventually closed down at $102.32 with a loss of -1.19% for the day. The stock had closed at $103.55 on the previous day. The total traded volume was 5,057,240 shares.

Also, PiperJaffray upgrades its view on Chevron Corporation (NYSE:CVX) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on August 9, 2016.

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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