America First Investment Advisors Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : America First Investment Advisors reduced its stake in Chevron Corporation by 0.44% during the most recent quarter end. The investment management company now holds a total of 101,637 shares of Chevron Corporation which is valued at $10,738,965 after selling 453 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Chevron Corporation makes up approximately 4.40% of America First Investment Advisors’s portfolio.

Other Hedge Funds, Including , Northstar Asset Management boosted its stake in CVX in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 27,039 shares of Chevron Corporation which is valued at $2,856,941. Chevron Corporation makes up approx 1.15% of Northstar Asset Management’s portfolio.Lynch Associatesin boosted its stake in CVX in the latest quarter, The investment management firm added 5,982 additional shares and now holds a total of 40,374 shares of Chevron Corporation which is valued at $4,265,917. Chevron Corporation makes up approx 1.86% of Lynch Associatesin’s portfolio.Berkshire Asset Managementpa reduced its stake in CVX by selling 221 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 15,830 shares of CVX which is valued at $1,671,490. Chevron Corporation makes up approx 0.25% of Berkshire Asset Managementpa’s portfolio.Gierl Augustine Investment Management Inc reduced its stake in CVX by selling 1,134 shares or 57.59% in the most recent quarter. The Hedge Fund company now holds 835 shares of CVX which is valued at $89,053. Chevron Corporation makes up approx 0.09% of Gierl Augustine Investment Management Inc’s portfolio.Jacobs Coca boosted its stake in CVX in the latest quarter, The investment management firm added 69 additional shares and now holds a total of 78,211 shares of Chevron Corporation which is valued at $8,341,203. Chevron Corporation makes up approx 1.91% of Jacobs Coca’s portfolio.

Chevron Corporation opened for trading at $100.53 and hit $102.66 on the upside on Friday, eventually ending the session at $102.48, with a gain of 0.68% or 0.69 points. The heightened volatility saw the trading volume jump to 1,01,57,617 shares. Company has a market cap of $193,144 M.

On the company’s financial health, Chevron Corporation reported $-0.78 EPS for the quarter, missing the analyst consensus estimate by $ -1.10 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $29282.00 million for the quarter, compared to analysts expectations of $29649.73 million. The company’s revenue was down -27.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 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 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.

Leave a Reply

Chevron Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Chevron Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.