Chevron Corporation (CVX) Receives ‘Analyst’ Rating

Chevron Corporation (CVX) : Zacks Investment Research ranks Chevron Corporation (CVX) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 1.81, which indicates as a Buy.

Chevron Corporation (CVX) : 12 investment research analysts covering Chevron Corporation (CVX) have an average price target of $112 for the near short term. The highest target price given by the Brokerage Firm to the stock is $125 and the lowest target is $85 for the short term. Analysts expect the variance to be within $10.56 of the average price.


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 (NYSE:CVX): After opening at $98.5, the stock dipped to an intraday low of $98.43 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $100.39 and the buying power remained strong till the end. The stock closed at $99.5 for the day, a gain of 1.10% for the day session. The total traded volume was 6,755,332. The stocks close on the previous trading day was $98.42.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.