Kidder Stephen W Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Kidder Stephen W reduced its stake in Chevron Corporation by 4.61% during the most recent quarter end. The investment management company now holds a total of 17,494 shares of Chevron Corporation which is valued at $1.8 Million after selling 845 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on May 27, 2016.Chevron Corporation makes up approximately 0.72% of Kidder Stephen W’s portfolio.

Other Hedge Funds, Including , Puzo Michael J boosted its stake in CVX in the latest quarter, The investment management firm added 494 additional shares and now holds a total of 19,950 shares of Chevron Corporation which is valued at $2 Million. Chevron Corporation makes up approx 1.35% of Puzo Michael J’s portfolio.Hodges Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 122 additional shares and now holds a total of 13,534 shares of Chevron Corporation which is valued at $1.4 Million. Chevron Corporation makes up approx 0.06% of Hodges Capital Management’s portfolio.Loomis Sayles Co L P reduced its stake in CVX by selling 100,396 shares or 12.13% in the most recent quarter. The Hedge Fund company now holds 727,215 shares of CVX which is valued at $73.3 Million. Chevron Corporation makes up approx 0.21% of Loomis Sayles Co L P’s portfolio.Oppenheimerfunds boosted its stake in CVX in the latest quarter, The investment management firm added 445,346 additional shares and now holds a total of 5,677,492 shares of Chevron Corporation which is valued at $572 Million. Chevron Corporation makes up approx 0.76% of Oppenheimerfunds’s portfolio.

Chevron Corporation opened for trading at $101.84 and hit $103.7 on the upside on Tuesday, eventually ending the session at $103.32, with a gain of 2.13% or 2.15 points. The heightened volatility saw the trading volume jump to 98,06,977 shares. Company has a market cap of $194,727 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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