Energy Sector Finishes Higher; Chevron (NYSE:CVX) Stock Soars after Beating Fiscal Q4 Estimates – CVX, XOM, TOT, BP

Energy sector finished higher on Friday with Chevron Corporation (NYSE:CVX) among the best gainers after it announced better-than-projected fiscal Q4 earnings. Shares of the San Ramon, California based Chevron moved up almost 1.2%. A one-off asset swap and boosted production pushed earnings over 40 percent higher. Chevron declared a profit of $7.25 billion or $3.70 per share, high from $5.12 billion or $2.58 per share in the similar period previous year.

Analysts had estimates EPS of $3.03 while revenue hiked 1% to $60.55 billion. Exxon Mobil Corporation (NYSE:XOM), world’s biggest oil producer by market value, also announced fiscal Q4 earnings on Friday. Financial results of oil exploration giant topped Wall Street forecasts also but showed a decline in output. Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector.

Exxon Mobil Corporation (NYSE:XOM) rose +0.08% to settle at $90.04, TOTAL S.A. (ADR) (NYSE:TOT) moved up +1.16% to end at $54.92 while BP plc (ADR) (NYSE:BP) jumped +0.56% to finish at $44.77 on Friday. Chevron Corporation (NYSE:CVX) on Feb 01, 2013 increased +1.17% to the closing price of $116.50. The overall volume in the last trading session was 6.42 million shares. Its fifty two weeks range was $95.73 – $118.53.

The total market capitalization remained at $228.01 billion. CVX is ahead of its 52-week low with 23.73% and lagging behind from its 52-week high price with -0.86%. CVX’s last month’s stock price volatility remained 1.04%. In its share capital CVX has 1.96 billion outstanding shares, among them 1.96 billion shares have been floated in market exchange. CVX’s stock’s institutional ownership remained 64.44% while insider ownership included 0.02%.

The stock price of CVX is moving forward from its 20 days moving average with 2.69% and remote positively from 50 days moving average with 6.36%. CVX’s current year’s earnings per share experienced an addition with 41.78% while its current quarter performance remained at 6.59%. Company’s beta coefficient included 0.78. Beta factors measure the amount of market risk associated with market trade.

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