Dow Today: Chevron (CVX) Higher

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.

The Dow Jones Industrial Average ( ^DJI) is trading up 101 points (+0.6%) at 15,719 as of Wednesday, Nov 6, 2013, 12:30 p.m. ET. The NYSE advances/declines ratio sits at 1,610 issues advancing vs. 1,287 declining with 137 unchanged.
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The Dow component leading the way higher looks to be Chevron (NYSE: CVX), which is sporting a $2.60 gain (+2.2%) bringing the stock to $121.05. This single gain is lifting the Dow Jones Industrial Average by 19.68 points or roughly accounting for 19.5% of the Dow's overall gain. Volume for Chevron currently sits at 3.9 million shares traded vs. an average daily trading volume of 5.6 million shares.

Chevron has a market cap of $228.17 billion and is part of the basic materials sector and energy industry. Shares are up 9.2% year to date as of Tuesday's close. The stock's dividend yield sits at 3.4%.

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.

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 somewhat weak growth in earnings per share.

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