Chevron Corporation (CVX) : Motco scooped up 2,057 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 80,619 shares of Chevron Corporation which is valued at $8,211,851.Chevron Corporation makes up approximately 0.98% of Motco’s portfolio.
Other Hedge Funds, Including , Hyman Charles D reduced its stake in CVX by selling 3,049 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 77,597 shares of CVX which is valued at $7,904,030. Chevron Corporation makes up approx 1.24% of Hyman Charles D’s portfolio.Home Federal Bank Of Tennessee reduced its stake in CVX by selling 440 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 16,327 shares of CVX which is valued at $1,668,293. Chevron Corporation makes up approx 1.04% of Home Federal Bank Of Tennessee’s portfolio.Chesley Taft Associates boosted its stake in CVX in the latest quarter, The investment management firm added 2,991 additional shares and now holds a total of 54,097 shares of Chevron Corporation which is valued at $5,527,631. Chevron Corporation makes up approx 0.58% of Chesley Taft Associates’s portfolio.Boston Family Office boosted its stake in CVX in the latest quarter, The investment management firm added 243 additional shares and now holds a total of 34,999 shares of Chevron Corporation which is valued at $3,576,198. Chevron Corporation makes up approx 0.47% of Boston Family Office’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 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.