Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Chevron fell $4.83 (-4.2%) to $111.62 on heavy volume. Throughout the day, 14,062,153 shares of Chevron exchanged hands as compared to its average daily volume of 5,727,900 shares. The stock ranged in price between $111.11-$113.90 after having opened the day at $113.90 as compared to the previous trading day's close of $116.45. Other companies within the Basic Materials sector that declined today were:
), down 17.0%,
), down 11.9%,
), down 11.1% and
), down 10.4%.
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Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $223.1 billion and is part of the energy industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are down 6.8% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Chevron a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. 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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
- You can view the full Chevron Ratings Report.
On the positive front,
), up 32.8%,
), up 29.8%,
), up 20.0% and
), up 12.3% , were all gainers within the basic materials sector with
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
) while those bearish on the basic materials sector could consider
- Find other investment ideas from our top rated ETFs lists.