Chevron Corporation (CVX) : Glenview State Bank Trust Dept. reduced its stake in Chevron Corporation by 3.0% during the most recent quarter end. The investment management company now holds a total of 50,551 shares of Chevron Corporation which is valued at $5,165,301 after selling 1,565 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Chevron Corporation makes up approximately 3.14% of Glenview State Bank Trust Dept.’s portfolio.
Chevron Corporation opened for trading at $101.83 and hit $103.85 on the upside on Monday, eventually ending the session at $103.31, with a gain of 1.11% or 1.13 points. The heightened volatility saw the trading volume jump to 68,44,501 shares. Company has a market cap of $194,549 M.
Other Hedge Funds, Including , Kanawha Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 6,132 additional shares and now holds a total of 100,589 shares of Chevron Corporation which is valued at $10,278,184. Chevron Corporation makes up approx 1.75% of Kanawha Capital Management’s portfolio.Pggm Investments boosted its stake in CVX in the latest quarter, The investment management firm added 634 additional shares and now holds a total of 25,453 shares of Chevron Corporation which is valued at $2,596,461. Chevron Corporation makes up approx 0.01% of Pggm Investments’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in CVX by selling 2,528 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 147,872 shares of CVX which is valued at $15,084,423. Chevron Corporation makes up approx 0.15% of Tiaa Cref Trust Co Fsbmo’s portfolio.Mechanics Bank Trust Department reduced its stake in CVX by selling 1,320 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 115,737 shares of CVX which is valued at $11,806,331. Chevron Corporation makes up approx 4.53% of Mechanics Bank Trust Department’s portfolio.
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 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.