Chevron Corporation (CVX) : Cullinan Associates Inc reduced its stake in Chevron Corporation by 0.19% during the most recent quarter end. The investment management company now holds a total of 97,803 shares of Chevron Corporation which is valued at $10,186,182 after selling 190 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 1, 2016.Chevron Corporation makes up approximately 0.83% of Cullinan Associates Inc’s portfolio.
Chevron Corporation closed down -0.68 points or -0.65% at $104.15 with 61,17,805 shares getting traded on Friday. Post opening the session at $104.78, the shares hit an intraday low of $103.775 and an intraday high of $104.88 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.