Chevron Stock Hits New 52-Week High (CVX)

NEW YORK (TheStreet) -- Chevron (NYSE:CVX) hit a new 52-week high Tuesday as it is currently trading at $112.30, above its previous 52-week high of $112.28 with 2.2 million shares traded as of 12 p.m. ET. Average volume has been 7.2 million shares over the past 30 days.

Chevron has a market cap of $218.03 billion and is part of the basic materials sector and energy industry. Shares are up 4.6% year to date as of the close of trading on Monday.

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

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TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its 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 has had sub par growth in net income. You can view the full Chevron Ratings Report.

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