Chevron Corporation (CVX) : Stokes Hubbell Capital Management scooped up 396 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 52,269 shares of Chevron Corporation which is valued at $5,331,961.Chevron Corporation makes up approximately 2.43% of Stokes Hubbell Capital Management’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 , Carroll Financial Associates boosted its stake in CVX in the latest quarter, The investment management firm added 2,459 additional shares and now holds a total of 28,401 shares of Chevron Corporation which is valued at $2,897,186. Chevron Corporation makes up approx 0.53% of Carroll Financial Associates’s portfolio.New York State Teachers Retirement System boosted its stake in CVX in the latest quarter, The investment management firm added 2,818 additional shares and now holds a total of 3,608,077 shares of Chevron Corporation which is valued at $368,059,935. Chevron Corporation makes up approx 0.96% of New York State Teachers Retirement System’s portfolio.Quotient Investors reduced its stake in CVX by selling 10,033 shares or 76.98% in the most recent quarter. The Hedge Fund company now holds 3,000 shares of CVX which is valued at $291,690. Chevron Corporation makes up approx 0.11% of Quotient Investors’s portfolio.F&v Capital Management reduced its stake in CVX by selling 2,409 shares or 7.59% in the most recent quarter. The Hedge Fund company now holds 29,335 shares of CVX which is valued at $2,852,242. Chevron Corporation makes up approx 2.21% of F&v 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 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.