Chevron Corp (CVX): Today's Featured Energy Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Chevron ( CVX) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.1%. By the end of trading, Chevron rose $1.26 (1.1%) to $111.73 on average volume. Throughout the day, 5.4 million shares of Chevron exchanged hands as compared to its average daily volume of six million shares. The stock ranged in a price between $110.80-$112.08 after having opened the day at $111.20 as compared to the previous trading day's close of $110.47. Other companies within the Energy industry that increased today were: Houston American Energy Corporation ( HUSA), up 14.4%, Delek US Holdings ( DK), up 9.5%, Gasco Energy ( GSX), up 8.7%, and Sonde Resources ( SOQ), up 8.7%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. Chevron has a market cap of $214.39 billion and is part of the basic materials sector. The company has a P/E ratio of nine, below the S&P 500 P/E ratio of 17.7. Shares are up 1.3% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Chevron a buy, no analysts rate it a sell, and one rates it a hold.

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 and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Torch Energy Royalty ( TRU), down 8%, GeoGlobal Resources ( GGR), down 7.7%, TransGlobe Energy Corporation ( TGA), down 6.7%, and Penn Virginia Corporation ( PVA), down 5.5%, were all laggards within the energy industry with BP ( BP) being today's energy industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

HOLIDAY SPECIAL: Let Jim Cramer show you every trade he is making in his $2.5 Million portfolio. Join now for 14-days FREE. Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

CEOs Are Dropping Like Flies

Total Reaches Agreement With Chevron for Gulf of Mexico Exploration

Stocks In Negative Territory as Chances for December Hike Surge

Energy Stocks Lead a Neutral Market Even After Oil Inventories Spike

Energy Takes a Backseat as Crude Oil Stabilizes Under $50