Chevron Corporation (CVX) : Gemmer Asset Management scooped up 365 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 7,912 shares of Chevron Corporation which is valued at $799,745.Chevron Corporation makes up approximately 0.42% of Gemmer Asset Management’s portfolio.
Other Hedge Funds, Including , St. Johns Investment Management Company boosted its stake in CVX in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 9,641 shares of Chevron Corporation which is valued at $974,512. Chevron Corporation makes up approx 0.83% of St. Johns Investment Management Company’s portfolio.Smithbridge Asset Management Incde reduced its stake in CVX by selling 1,700 shares or 8.7% in the most recent quarter. The Hedge Fund company now holds 17,839 shares of CVX which is valued at $1,803,166. Chevron Corporation makes up approx 1.64% of Smithbridge Asset Management Incde’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in CVX in the latest quarter, The investment management firm added 12,501 additional shares and now holds a total of 444,038 shares of Chevron Corporation which is valued at $44,883,361. Chevron Corporation makes up approx 1.00% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Banced Corp reduced its stake in CVX by selling 144 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 8,604 shares of CVX which is valued at $886,556. Chevron Corporation makes up approx 1.76% of Banced Corp’s portfolio.Mitchell Sinkler Starrpa reduced its stake in CVX by selling 100 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 20,776 shares of CVX which is valued at $2,160,288. Chevron Corporation makes up approx 3.43% of Mitchell Sinkler Starrpa’s portfolio.
Chevron Corporation opened for trading at $101.48 and hit $101.96 on the upside on Friday, eventually ending the session at $101.08, with a gain of 0.29% or 0.29 points. The heightened volatility saw the trading volume jump to 51,14,718 shares. Company has a market cap of $190,689 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 Upgraded by Piper Jaffray on Aug 9, 2016 to ” Overweight”, Firm has raised the Price Target to $ 117 from a previous price target of $110 .
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.