Chevron Corporation (CVX) Receives Price Target

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.

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.


Also, PiperJaffray upgrades their rating on the shares of Chevron Corporation (NYSE:CVX). The current rating of the shares is Overweight. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 9, 2016.

Chevron Corporation (NYSE:CVX): The stock opened at $100.35 on Thursday but the bulls could not build on the opening and the stock topped out at $100.58 for the day. The stock traded down to $99.47 during the day, due to lack of any buying support eventually closed down at $100.21 with a loss of -0.37% for the day. The stock had closed at $100.58 on the previous day. The total traded volume was 6,044,999 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.

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