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Chevron’s Estimates Boosted at UBS (CVX)

Integrated oil giant Chevron Corporation ( CVX

) saw its earnings estimates raised on Monday by analysts at UBS.

The firm raised its estimates for CVX through 2011, citing the company's recently-raised outlook on better downstream margins. UBS currently rates the stock as a "Buy" with a $95 price target.

Chevron shares, which closed at $76.21 on Friday, rose $1.03, or +1.4%, in premarket trading Monday.

The Bottom Line

We have been recommending shares of CVX since Oct.8, 2009, when the stock was trading at $70.51. The company has a 3.78% dividend yield, based on Friday's closing stock price of $76.21.

Chevron Corporation ( CVX ) is a "recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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