Chevron Corporation (CVX) : Mizuho Securities Usa added new position in Chevron Corporation during the most recent quarter end. The investment management firm now holds 46,700 shares of Chevron Corporation which is valued at $4,763,867 , the company said in a statement filed on Apr 21, 2016 with the SEC.Chevron Corporation makes up approximately 1.19% of Mizuho Securities Usa’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 , Dumont Blake Investment Advisors reduced its stake in CVX by selling 160 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 12,967 shares of CVX which is valued at $1,322,764. Chevron Corporation makes up approx 0.68% of Dumont Blake Investment Advisors’s portfolio.First Western Capital Management Co boosted its stake in CVX in the latest quarter, The investment management firm added 395 additional shares and now holds a total of 21,550 shares of Chevron Corporation which is valued at $2,198,316. Chevron Corporation makes up approx 0.77% of First Western Capital Management Co’s portfolio.Cwm boosted its stake in CVX in the latest quarter, The investment management firm added 93,147 additional shares and now holds a total of 98,884 shares of Chevron Corporation which is valued at $10,087,157. Chevron Corporation makes up approx 0.87% of Cwm’s portfolio.Capital City Trust Cofl boosted its stake in CVX in the latest quarter, The investment management firm added 5,002 additional shares and now holds a total of 25,965 shares of Chevron Corporation which is valued at $2,524,577. Chevron Corporation makes up approx 1.02% of Capital City Trust Cofl’s portfolio.Searle boosted its stake in CVX in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 7,240 shares of Chevron Corporation which is valued at $703,945. Chevron Corporation makes up approx 0.64% of Searle’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 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.