Royal London Asset Management Ltd Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Royal London Asset Management Ltd reduced its stake in Chevron Corporation by 8.84% during the most recent quarter end. The investment management company now holds a total of 636,921 shares of Chevron Corporation which is valued at $64,080,622 after selling 61,732 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Chevron Corporation makes up approximately 1.02% of Royal London Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Amica Pension Fund Board Of Trustees reduced its stake in CVX by selling 32,859 shares or 31.39% in the most recent quarter. The Hedge Fund company now holds 71,822 shares of CVX which is valued at $7,226,011. Chevron Corporation makes up approx 0.92% of Amica Pension Fund Board Of Trustees’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in CVX by selling 21,941 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 1,607,105 shares of CVX which is valued at $164,696,120. Chevron Corporation makes up approx 1.32% of Public Employees Retirement Association Of Colorado’s portfolio.Louisiana State Employees Retirement System reduced its stake in CVX by selling 2,300 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 123,700 shares of CVX which is valued at $12,649,562. Chevron Corporation makes up approx 0.64% of Louisiana State Employees Retirement System’s portfolio.Msi Financial Services Inc boosted its stake in CVX in the latest quarter, The investment management firm added 8,011 additional shares and now holds a total of 108,746 shares of Chevron Corporation which is valued at $11,120,366. Chevron Corporation makes up approx 0.39% of Msi Financial Services Inc’s portfolio.Woodley Farra Manion Portfolio Management Inc boosted its stake in CVX in the latest quarter, The investment management firm added 3,194 additional shares and now holds a total of 167,079 shares of Chevron Corporation which is valued at $17,641,872. Chevron Corporation makes up approx 2.67% of Woodley Farra Manion Portfolio Management Inc’s portfolio.

Chevron Corporation opened for trading at $100.99 and hit $101.68 on the upside on Monday, eventually ending the session at $101.2, with a gain of 0.69% or 0.69 points. The heightened volatility saw the trading volume jump to 54,47,467 shares. Company has a market cap of $190,916 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.

Investors should note that on Jul 27, 2016, Chevron Corporation announced a cash dividend of $1.0700. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 12, 2016.

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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