Chevron Corporation (CVX) : Oliver Luxxe Assets scooped up 281 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 29,840 shares of Chevron Corporation which is valued at $3,043,978.Chevron Corporation makes up approximately 3.06% of Oliver Luxxe Assets’s portfolio.
Chevron Corporation opened for trading at $101.74 and hit $102.5 on the upside on Friday, eventually ending the session at $102.01, with a gain of 0.60% or 0.61 points. The heightened volatility saw the trading volume jump to 57,53,998 shares. Company has a market cap of $192,101 M.
Other Hedge Funds, Including , Firstmerit Bank N A Trustee boosted its stake in CVX in the latest quarter, The investment management firm added 2,793 additional shares and now holds a total of 182,689 shares of Chevron Corporation which is valued at $18,636,105. Chevron Corporation makes up approx 1.52% of Firstmerit Bank N A Trustee’s portfolio.Acadian Asset Management boosted its stake in CVX in the latest quarter, The investment management firm added 1,564 additional shares and now holds a total of 19,827 shares of Chevron Corporation which is valued at $1,927,779. Chevron Corporation makes up approx 0.01% of Acadian Asset Management’s portfolio.State Of Alaska Department Of Revenue reduced its stake in CVX by selling 1,760 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 112,240 shares of CVX which is valued at $10,913,095. Chevron Corporation makes up approx 1.14% of State Of Alaska Department Of Revenue’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.
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.