Spot Trading L.l.c buys $13,172,057 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Spot Trading L.l.c scooped up 19,220 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 130,753 shares of Chevron Corporation which is valued at $13,172,057.Chevron Corporation makes up approximately 1.75% of Spot Trading L.l.c’s portfolio.

Other Hedge Funds, Including , Cim Investment Mangement Inc reduced its stake in CVX by selling 1,995 shares or 11.52% in the most recent quarter. The Hedge Fund company now holds 15,330 shares of CVX which is valued at $1,561,514. Chevron Corporation makes up approx 0.68% of Cim Investment Mangement Inc’s portfolio.Edmp reduced its stake in CVX by selling 1,057 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 32,242 shares of CVX which is valued at $3,284,170. Chevron Corporation makes up approx 3.17% of Edmp’s portfolio.Bryn Mawr Trust Co reduced its stake in CVX by selling 2,578 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 77,386 shares of CVX which is valued at $7,882,538. Chevron Corporation makes up approx 0.51% of Bryn Mawr Trust Co’s portfolio.Montgomery Investment Management Inc reduced its stake in CVX by selling 900 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 66,156 shares of CVX which is valued at $6,759,820. Chevron Corporation makes up approx 3.79% of Montgomery Investment Management Inc’s portfolio.

Chevron Corporation opened for trading at $101.87 and hit $102.599 on the upside on Monday, eventually ending the session at $102.29, with a gain of 1.54% or 1.55 points. The heightened volatility saw the trading volume jump to 67,79,399 shares. Company has a market cap of $192,786 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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