Partnervest Advisory Services buys $1,190,845 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Partnervest Advisory Services scooped up 2,116 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 11,691 shares of Chevron Corporation which is valued at $1,190,845.Chevron Corporation makes up approximately 0.67% of Partnervest Advisory Services’s portfolio.

Other Hedge Funds, Including , Smith Asset Management Group Lp boosted its stake in CVX in the latest quarter, The investment management firm added 595 additional shares and now holds a total of 144,485 shares of Chevron Corporation which is valued at $14,717,242. Chevron Corporation makes up approx 0.44% of Smith Asset Management Group Lp’s portfolio.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.First Mercantile Trust Co reduced its stake in CVX by selling 10,084 shares or 25.16% in the most recent quarter. The Hedge Fund company now holds 30,001 shares of CVX which is valued at $3,065,502. Chevron Corporation makes up approx 0.37% of First Mercantile Trust Co’s portfolio.Apex Capital Management reduced its stake in CVX by selling 101 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 6,625 shares of CVX which is valued at $676,943. Chevron Corporation makes up approx 0.01% of Apex Capital Management’s portfolio.Conning reduced its stake in CVX by selling 224,771 shares or 71.17% in the most recent quarter. The Hedge Fund company now holds 91,051 shares of CVX which is valued at $9,303,591. Chevron Corporation makes up approx 0.40% of Conning’s portfolio.

Chevron Corporation opened for trading at $100.64 and hit $101.29 on the upside on Tuesday, eventually ending the session at $101.27, with a gain of 0.92% or 0.92 points. The heightened volatility saw the trading volume jump to 66,98,137 shares. Company has a market cap of $190,864 M.

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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