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Dow Today: Chevron (CVX) Higher

By TheStreet Wire 07/31/12 - 12:00 PM EDT

Find out if (^DJI) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading down 11.0 points at 13,062 as of Tuesday, Jul 31, 2012, 11:35 a.m. ET. During this time, 182.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 685.1 million. The NYSE advances/declines ratio sits at 1,465 issues advancing vs. 1,379 declining with 146 unchanged.

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The Dow component leading the way higher looks to be Chevron (NYSE:CVX), which is sporting a 47-cent gain (+0.4%) bringing the stock to $110.29. Volume for Chevron currently sits at 3.4 million shares traded vs. an average daily trading volume of seven million shares.

Chevron has a market cap of $215.53 billion and is part of the basic materials sector and energy industry. Shares are up 3.2% year to date as of Monday's close. The stock's dividend yield sits at 3.3%.

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 eight, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full Chevron Ratings Report.

For more information on Dow Jones Industrial Average click any of the following:

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