Kanaly Trust Co Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Kanaly Trust Co reduced its stake in Chevron Corporation by 15.88% during the most recent quarter end. The investment management company now holds a total of 35,111 shares of Chevron Corporation which is valued at $3,413,843 after selling 6,629 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Chevron Corporation makes up approximately 0.68% of Kanaly Trust Co’s portfolio.

Chevron Corporation opened for trading at $95.76 and hit $98.76 on the upside on Monday, eventually ending the session at $98.7, with a gain of 1.51% or 1.47 points. The heightened volatility saw the trading volume jump to 77,70,171 shares. Company has a market cap of $185,868 M.

Other Hedge Funds, Including , Moon Capital Management added CVX to its portfolio by purchasing 2,168 company shares during the most recent quarter which is valued at $210,795. Chevron Corporation makes up approx 0.27% of Moon Capital Management’s portfolio.Rowland Co Investment Counseladv boosted its stake in CVX in the latest quarter, The investment management firm added 2,427 additional shares and now holds a total of 30,110 shares of Chevron Corporation which is valued at $2,927,595. Chevron Corporation makes up approx 1.38% of Rowland Co Investment Counseladv’s portfolio.Partnerre Asset Management Corp boosted its stake in CVX in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 12,711 shares of Chevron Corporation which is valued at $1,210,596. Chevron Corporation makes up approx 0.65% of Partnerre Asset Management Corp’s portfolio.Ckw Financial Group boosted its stake in CVX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 156 shares of Chevron Corporation which is valued at $14,857. Chevron Corporation makes up approx 0.01% of Ckw Financial Group’s portfolio.Founders Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 1,065 additional shares and now holds a total of 57,818 shares of Chevron Corporation which is valued at $5,506,586. Chevron Corporation makes up approx 3.22% of Founders Capital Management’s portfolio.

On the company’s financial health, Chevron Corporation 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 Corporation. 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 Corporation was Downgraded by Raymond James to ” Mkt Perform” on Mar 22, 2016. Chevron Corporation 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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