Alpha Omega Wealth Management buys $2,892,086 stake in CHEVRON CORP COM (CVX)

CHEVRON CORP COM (CVX) : Alpha Omega Wealth Management scooped up 629 additional shares in CHEVRON CORP COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 28,351 shares of CHEVRON CORP COM which is valued at $2,892,086.CHEVRON CORP COM makes up approximately 2.41% of Alpha Omega Wealth Management’s portfolio.

CHEVRON CORP COM opened for trading at $102.9 and hit $103.94 on the upside on Wednesday, eventually ending the session at $103.85, with a gain of 1.53% or 1.56 points. The heightened volatility saw the trading volume jump to 83,83,591 shares. Company has a market cap of $195,566 M.

Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in CVX by selling 25,055 shares or 1.8% in the most recent quarter. The Hedge Fund company now holds 1,368,097 shares of CVX which is valued at $139,559,575. CHEVRON CORP COM makes up approx 1.19% of Gateway Investment Advisers’s portfolio.Rnc Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 145,773 additional shares and now holds a total of 297,623 shares of CHEVRON CORP COM which is valued at $28,937,884. CHEVRON CORP COM makes up approx 2.82% of Rnc Capital Management’s portfolio.Eqis Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 207 additional shares and now holds a total of 3,834 shares of CHEVRON CORP COM which is valued at $365,150. CHEVRON CORP COM makes up approx 0.03% of Eqis Capital Management’s portfolio.Sunnymeath Asset Management boosted its stake in CVX in the latest quarter, The investment management firm added 560 additional shares and now holds a total of 20,510 shares of CHEVRON CORP COM which is valued at $1,953,372. CHEVRON CORP COM makes up approx 3.04% of Sunnymeath Asset Management’s portfolio.

On the company’s financial health, CHEVRON CORP COM reported $-0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.82 based on the information available during the earnings call on Jan 29, 2016. Analyst had a consensus of $0.51. The company had revenue of $29247.00 million for the quarter, compared to analysts expectations of $31134.23 million. The company’s revenue was down -36.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.85 EPS.

Many Wall Street Analysts have commented on CHEVRON CORP COM. 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 CORP COM was Downgraded by Raymond James to ” Mkt Perform” on Mar 22, 2016. CHEVRON CORP COM was Initiated by Nomura to “Neutral” on Mar 18, 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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