Chevron Corporation (NYSE:CVX) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Chevron Corporation (NYSE:CVX) to Hold in a report released on 10/05/2016.
On 10/3/2016, Zacks Investment Research released a statement on Chevron Corporation (NYSE:CVX) increased the target price from $0.00 to $118.00. At the time, this indicated a possible upside of 0.15%.
Boasting a price of $101.27, Chevron Corporation (NYSE:CVX) traded 0.88% higher on the day. The last stock close price is up 1.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Chevron Corporation has recorded a 50-day average of $101.02 and a two hundred day average of $100.99. Volume of trade was down over the average, with 2,636,744 shares of CVX changing hands under the typical 6,505,590
Chevron Corporation has a 52 week low of $75.33 and a 52 week high of $107.58 The company’s market cap is currently $0.
Also covering Chevron Corporation's price target, a total of 22 analysts have issued a research note on the company. The average stock price target is $103.07 with 5 firms rating the stock a strong buy, eight equity analysts rating the company a buy, twelve analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock 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. The Upstream segment consists primarily of exploring for, developing and producing crude oil and natural gas; transporting crude oil by international oil export pipelines; transporting, storage and marketing of natural gas, and a gas-to-liquids plant. Downstream operations consist primarily of refining crude oil into petroleum products; marketing of crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives.
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