Chevron Corporation (CVX) : Davy Asset Management Ltd reduced its stake in Chevron Corporation by 3.41% during the most recent quarter end. The investment management company now holds a total of 135,199 shares of Chevron Corporation which is valued at $13,619,947 after selling 4,772 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on May 9, 2016.Chevron Corporation makes up approximately 2.67% of Davy Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Rmb Capital Management reduced its stake in CVX by selling 5,010 shares or 4.7% in the most recent quarter. The Hedge Fund company now holds 101,585 shares of CVX which is valued at $10,233,673. Chevron Corporation makes up approx 0.76% of Rmb Capital Management’s portfolio. Lmr Partners Llp added CVX to its portfolio by purchasing 17,694 company shares during the most recent quarter which is valued at $1,802,311. Chevron Corporation makes up approx 0.28% of Lmr Partners Llp’s portfolio. Kalos Management sold out all of its stake in CVX during the most recent quarter. The investment firm sold 168,502 shares of CVX which is valued $17,163,614.Ashburton (jersey) Ltd reduced its stake in CVX by selling 3,950 shares or 16.06% in the most recent quarter. The Hedge Fund company now holds 20,638 shares of CVX which is valued at $2,108,791. Chevron Corporation makes up approx 0.74% of Ashburton (jersey) Ltd’s portfolio.Iab Financial Bank boosted its stake in CVX in the latest quarter, The investment management firm added 402 additional shares and now holds a total of 19,948 shares of Chevron Corporation which is valued at $2,038,287. Chevron Corporation makes up approx 1.37% of Iab Financial Bank’s portfolio.
Chevron Corporation closed down -1.38 points or -1.35% at $100.74 with 56,65,215 shares getting traded on Friday. Post opening the session at $101.63, the shares hit an intraday low of $100.36 and an intraday high of $102.04 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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 Companys 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.