Lodestar Investment Counselil buys $4,076,014 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Lodestar Investment Counselil scooped up 6,803 additional shares in Chevron Corporation 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 39,957 shares of Chevron Corporation which is valued at $4,076,014.Chevron Corporation makes up approximately 0.58% of Lodestar Investment Counselil’s portfolio.

Chevron Corporation 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 , Atria Investments boosted its stake in CVX in the latest quarter, The investment management firm added 1,635 additional shares and now holds a total of 8,673 shares of Chevron Corporation which is valued at $884,733. Chevron Corporation makes up approx 0.10% of Atria Investments’s portfolio.Traynor Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 654 additional shares and now holds a total of 7,454 shares of Chevron Corporation which is valued at $760,383. Chevron Corporation makes up approx 0.59% of Traynor Capital Management’s portfolio.Stewart Patten Co boosted its stake in CVX in the latest quarter, The investment management firm added 421 additional shares and now holds a total of 155,790 shares of Chevron Corporation which is valued at $15,147,462. Chevron Corporation makes up approx 3.02% of Stewart Patten Co’s portfolio.Chevy Chase Trust Holdings boosted its stake in CVX in the latest quarter, The investment management firm added 34,276 additional shares and now holds a total of 1,633,382 shares of Chevron Corporation which is valued at $155,563,302. Chevron Corporation makes up approx 0.90% of Chevy Chase Trust Holdings’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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