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A statement released earlier today by Macquarie about Chevron Corporation (NYSE:CVX) bumps the target price to $130.00

Yesterday Chevron Corporation (NYSE:CVX) traded 0.16% higher at $106.48. The company’s 50-day moving average is $109.46 and its 200-day moving average is $107.20. The last closing price is down 6.93% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 8,387,623 shares of the stock traded hands, up from an average trading volume of 5,199,030

Macquarie increased the stock price target of Chevron Corporation (NYSE:CVX) to $130.00 reporting a possible upside of 0.22%.

Previously on 06/15/2017, Vetr Inc. reported on Chevron Corporation (NYSE:CVX) increased the target price from $0.00 to $120.37. At the time, this indicated a possible upside of 0.13%.

See Chart Below

Chevron Corporation (NYSE:CVX)

Chevron Corporation has a 52 week low of $97.68 and a 52 week high of $119.00 with a P/E ratio of 37.17 The company’s market cap is currently $0.

In addition to Macquarie reporting its target price, a total of 22 equity analysts have released a ratings update on CVX. The one year target is $103.07 with 5 brokers rating the stock a strong buy, 8 firms rating the stock a buy, 12 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally zero analysts rating the company a sell.

More About Chevron Corporation (NYSE:CVX)

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; processing, transporting, storage and marketing of natural gas, and a gas-to-liquids plant. Downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products, and manufacturing and marketing of commodity petrochemicals.

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