NEW YORK ( TheStreet) -- Chevron Corporation (NYSE: CVX) hit a new 52-week high Tuesday as it traded at $104.61 compared with its previous 52-Week high of $103.94. Chevron is changing hands at $104.42 with 493,273 shares traded as of 9:31 a.m. ET. Average volume has been 8.1 million shares over the past 30 days. Chevron has a market cap of $205 billion and is part of the basic materials sector and energy industry. Shares are up 13.7% year to date as of the close of trading on Monday. Chevron Corporation operates as an integrated energy company worldwide. The company has a P/E ratio of 10.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 21.8. 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. See all 52-week high stocks or get investment ideas from our investment research center.