Shamrock Asset Management Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Shamrock Asset Management reduced its stake in Chevron Corporation by 38.53% during the most recent quarter end. The investment management company now holds a total of 8,227 shares of Chevron Corporation which is valued at $838,002 after selling 5,156 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.Chevron Corporation makes up approximately 0.50% of Shamrock Asset Management’s portfolio.

Chevron Corporation opened for trading at $100.84 and hit $102.7 on the upside on Friday, eventually ending the session at $101.86, with a gain of 0.43% or 0.44 points. The heightened volatility saw the trading volume jump to 59,66,814 shares. Company has a market cap of $191,976 M.

Other Hedge Funds, Including , Gamble Jones Investment Counsel boosted its stake in CVX in the latest quarter, The investment management firm added 1,859 additional shares and now holds a total of 124,640 shares of Chevron Corporation which is valued at $12,695,830. Chevron Corporation makes up approx 1.41% of Gamble Jones Investment Counsel’s portfolio.Kames Capital Plc reduced its stake in CVX by selling 2,455 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 169,440 shares of CVX which is valued at $17,313,379. Chevron Corporation makes up approx 0.52% of Kames Capital Plc’s portfolio.First Midwest Bank Trust Division boosted its stake in CVX in the latest quarter, The investment management firm added 4,614 additional shares and now holds a total of 62,173 shares of Chevron Corporation which is valued at $6,352,837. Chevron Corporation makes up approx 0.83% of First Midwest Bank Trust Division’s portfolio.Butensky Cohen Financial Security Inc boosted its stake in CVX in the latest quarter, The investment management firm added 330 additional shares and now holds a total of 19,155 shares of Chevron Corporation which is valued at $1,954,002. Chevron Corporation makes up approx 1.85% of Butensky Cohen Financial Security Inc’s portfolio.Peddock Capital Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 671 additional shares and now holds a total of 47,454 shares of Chevron Corporation which is valued at $4,840,783. Chevron Corporation makes up approx 3.54% of Peddock Capital Advisors’s portfolio.

On the company’s financial health, Chevron Corporation reported $-0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.16. The company had revenue of $23533.00 million for the quarter, compared to analysts expectations of $22735.35 million. The company’s revenue was down -31.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.

Many Wall Street Analysts have commented on Chevron Corporation. Company shares were Reiterated by Jefferies on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 114 from a previous price target of $110 .Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 104 from a previous price target of $90 .Company shares were Reiterated by Barclays on Apr 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 97 from a previous price target of $89 .

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for developing and producing crude oil and natural gas; processing liquefaction transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting storing and marketing natural gas and operating a gas-to-liquids plant. The Company’s Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline marine vessel motor equipment and rail car and manufacturing and marketing commodity petrochemicals plastics for industrial uses and fuel and lubricant additives.

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