Chevron (NYSE:CVX) hit a new 52-week high Tuesday as it is currently trading at $125.71, above its previous 52-week high of $125 with 1.2 million shares traded as of 10:05 a.m. ET. Average volume has been 6.1 million shares over the past 30 days.
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. NEW YORK ( TheStreet) -- Chevron (NYSE: CVX) hit a new 52-week high Tuesday as it is currently trading at $125.71, above its previous 52-week high of $125 with 1.2 million shares traded as of 10:05 a.m. ET. Average volume has been 6.1 million shares over the past 30 days. Chevron has a market cap of $239.25 billion and is part of the basic materials sector and energy industry. Shares are up 14.1% 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. The company operates in two segments, Upstream and Downstream. The company has a P/E ratio of 9.3, 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 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. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.