Stock Insights: Chevron Corporation (NYSE:CVX)

[BUSINESS WIRE] Chevron Corporation (NYSE:CVX) announced that Rhonda I. Zygocki, executive vice president, Policy and Planning, has elected to retire from the company after 34 years of outstanding service effective Feb. 1, 2015. The company also said it is making new reporting assignments for several executives.“Over the course of her career, Rhonda made many significant contributions to our business and distinguished herself as one of our most versatile and proven leaders,” said John Watson, Chevron’s chairman and chief executive officer.Stock PerformanceTaking a look at the company’s recent performance, Chevron Corporation (CVX) reported Second quarter earnings for fiscal 2014 on Aug 01^st. The company reported actual earnings per share of $2.98 against the consensus Street estimate of $2.72. This represents year over year growth of 7.05%. Chevron posted revenue of $55.58 billion against estimates of $57.38 billion.Chevron Corporation (CVX) is currently valued at $210.90 billion and closed the last trading session at $111.06. The stock has a 50-day moving average of $124.74 and a 200-day moving average of $125.11.

Is this a Buying Opportunity?There are currently sixteen analysts that we track that cover the stock. Of those sixteen, six have a Buy rating, one has a strong buy rating, eight have a hold rating and one has a Sell rating. On a consensus basis this yields a score of 2.44 and a Hold. The combined price objective of these covering analysts is $136.63, which represents a 16.07% upside difference to the last closing price.The most recent analyst activity consisted of JPMorgan Chase & Co. initiated coverage with Neutral stance on the company. JPMorgan Chase & Co. has a price target of $133 which represents an upside of 8.08% from the last closing price. On the date of the report, the stock closed at $123.06.Another research firm weighing in recently was Bank of America who downgraded their neutral rating on the stock. On September 09^th Bank of America downgraded their price target on the stock from $135 to $133, a 7.84% upside to the current price. On the day of the report, CVX shares closed at $125.18.Company ProfileChevron Corporation (CVX), through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project.