Chevron Corporation (CVX) : Peavine Capital Management added new position in Chevron Corporation during the most recent quarter end. The investment management firm now holds 2,512 shares of Chevron Corporation which is valued at $267,905 , the company said in a statement filed on Jul 12, 2016 with the SEC.Chevron Corporation makes up approximately 0.12% of Peavine Capital Management’s portfolio.
Other Hedge Funds, Including , Grassi Investment Management boosted its stake in CVX in the latest quarter, The investment management firm added 4,883 additional shares and now holds a total of 81,081 shares of Chevron Corporation which is valued at $8,647,289. Chevron Corporation makes up approx 1.60% of Grassi Investment Management’s portfolio.Benjamin F. Edwards Company reduced its stake in CVX by selling 851 shares or 4.87% in the most recent quarter. The Hedge Fund company now holds 16,627 shares of CVX which is valued at $1,773,270. Chevron Corporation makes up approx 0.34% of Benjamin F. Edwards Company’s portfolio.Searle reduced its stake in CVX by selling 5,240 shares or 72.38% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of CVX which is valued at $213,300. Chevron Corporation makes up approx 2.12% of Searle’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in CVX in the latest quarter, The investment management firm added 136 additional shares and now holds a total of 85,476 shares of Chevron Corporation which is valued at $8,955,321. Chevron Corporation makes up approx 1.72% of Osborn Rohs Williams Donohoe Ltd’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in CVX by selling 200 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 37,808 shares of CVX which is valued at $3,961,144. Chevron Corporation makes up approx 1.21% of First National Bank Trust Co Of Newtown’s portfolio.
Chevron Corporation opened for trading at $107.33 and hit $107.54 on the upside on Friday, eventually ending the session at $107.03, with a gain of 0.31% or 0.33 points. The heightened volatility saw the trading volume jump to 61,64,280 shares. Company has a market cap of $201,720 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 .
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.