First National Bank Sioux Falls Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : First National Bank Sioux Falls reduced its stake in Chevron Corporation by 8.79% during the most recent quarter end. The investment management company now holds a total of 6,587 shares of Chevron Corporation which is valued at $670,952 after selling 635 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on May 3, 2016.Chevron Corporation makes up approximately 2.23% of First National Bank Sioux Falls’s portfolio.

Other Hedge Funds, Including , Carderock Capital Management Inc reduced its stake in CVX by selling 775 shares or 11.83% in the most recent quarter. The Hedge Fund company now holds 5,775 shares of CVX which is valued at $588,242. Chevron Corporation makes up approx 0.31% of Carderock Capital Management Inc’s portfolio.Btc Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 47,461 additional shares and now holds a total of 82,039 shares of Chevron Corporation which is valued at $8,356,493. Chevron Corporation makes up approx 1.93% of Btc Capital Management’s portfolio.Equity Investment Corpga boosted its stake in CVX in the latest quarter, The investment management firm added 173,798 additional shares and now holds a total of 921,411 shares of Chevron Corporation which is valued at $93,854,924. Chevron Corporation makes up approx 2.76% of Equity Investment Corpga’s portfolio.Greystone Investment Management boosted its stake in CVX in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 3,187 shares of Chevron Corporation which is valued at $324,628. Chevron Corporation makes up approx 0.14% of Greystone Investment Management’s portfolio.Paradigm Financial Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 2,236 additional shares and now holds a total of 8,639 shares of Chevron Corporation which is valued at $881,264. Chevron Corporation makes up approx 0.53% of Paradigm Financial Advisors’s portfolio.

Chevron Corporation opened for trading at $100.64 and hit $101.29 on the upside on Tuesday, eventually ending the session at $101.27, with a gain of 0.92% or 0.92 points. The heightened volatility saw the trading volume jump to 66,98,137 shares. Company has a market cap of $190,864 M.

On the company’s financial health, Chevron Corporation reported $-0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.16. The company had revenue of $23533.00 million for the quarter, compared to analysts expectations of $22735.35 million. The company’s revenue was down -31.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.

Many Wall Street Analysts have commented on Chevron Corporation. Company shares were Reiterated by Jefferies on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 114 from a previous price target of $110 .Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 104 from a previous price target of $90 .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 (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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