How Does Chevron Corporation (CVX) Stock Rank on Wall Street Wednesday?

Wall Street is positive on Chevron Corporation (CVX). On average, analysts give Chevron Corporation a Buy rating. The average price target is $167.611, which means analysts expect the stock to add by 1.02% over the next twelve months. That average ranking earns Chevron Corporation an Analyst Rating of 28, which is better than 28% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating CVX a Buy today. Find out what this means to you and get the rest of the rankings on CVX!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Chevron Corporation Stock Today?

Chevron Corporation (CVX) stock is down -1.01% while the S&P 500 is up 0.75% as of 11:26 AM on Wednesday, Jun 15. CVX is lower by -$1.70 from the previous closing price of $167.62 on volume of 2,454,589 shares. Over the past year the S&P 500 has fallen -11.38% while CVX is up 50.43%. CVX earned $10.63 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.62. Click Here to get the full Stock Report for Chevron Corporation stock.