Chevron Corporation (CVX) : Stonebridge Capital Management Inc reduced its stake in Chevron Corporation by 6.66% during the most recent quarter end. The investment management company now holds a total of 87,716 shares of Chevron Corporation which is valued at $8,528,627 after selling 6,254 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Chevron Corporation makes up approximately 3.60% of Stonebridge Capital Management Inc’s portfolio.
Chevron Corporation closed down -0.75 points or -0.77% at $97.23 with 65,51,643 shares getting traded on Friday. Post opening the session at $97.71, the shares hit an intraday low of $96.96 and an intraday high of $97.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Monroe Bank Trustmi reduced its stake in CVX by selling 654 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 15,552 shares of CVX which is valued at $1,512,121. Chevron Corporation makes up approx 0.52% of Monroe Bank Trustmi’s portfolio.Capstone Asset Management Co reduced its stake in CVX by selling 2,285 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 113,937 shares of CVX which is valued at $11,078,095. Chevron Corporation makes up approx 0.32% of Capstone Asset Management Co’s portfolio.Denali Advisors reduced its stake in CVX by selling 200 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 106,500 shares of CVX which is valued at $10,354,995. Chevron Corporation makes up approx 2.31% of Denali Advisors’s portfolio.Nexus Investment Management boosted its stake in CVX in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 10,810 shares of Chevron Corporation which is valued at $1,029,544. Chevron Corporation makes up approx 0.20% of Nexus Investment Management’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 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.