NEW YORK (

TheStreet

) --

Chevron

(NYSE:

CVX

) hit a new 52-week high Thursday as it is currently trading at $109.96, above its previous 52-week high of $109.94 with 9.8 million shares traded as of 3:25 p.m. ET. Average volume has been 11.6 million shares over the past 30 days.

Chevron has a market cap of $209.3 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 17% year to date as of the close of trading on Wednesday.

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 9.1, 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 solid stock price performance, impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Chevron Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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