Chevron Stock Hits New 52-Week High (CVX)

NEW YORK (TheStreet) -- Chevron Corporation (NYSE:CVX) hit a new 52-week high Wednesday as it traded at $109.94 compared with its previous 52-Week high of $109.80. Chevron is changing hands at $108.58 with 4.3 million shares traded as of 1:21 p.m. ET. Average volume has been 8.7 million shares over the past 30 days.

Chevron has a market cap of $217.3 billion and is part of the basic materials sector and energy industry. Shares are up 19.8% year to date as of the close of trading on Tuesday.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The company has a P/E ratio of 11.4, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 16.8.

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TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Chevron Ratings Report.

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