Chevron Corporation (CVX) : Parametric Portfolio Associates scooped up 70,183 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 4,972,041 shares of Chevron Corporation which is valued at $500.9 Million.Chevron Corporation makes up approximately 0.82% of Parametric Portfolio Associates’s portfolio.
Other Hedge Funds, Including , Marathon Capital Management added CVX to its portfolio by purchasing 2,219 company shares during the most recent quarter which is valued at $223,542. Chevron Corporation makes up approx 0.11% of Marathon Capital Management’s portfolio.Jupiter Asset Management Ltd reduced its stake in CVX by selling 9,730 shares or 5.78% in the most recent quarter. The Hedge Fund company now holds 158,502 shares of CVX which is valued at $16 Million. Chevron Corporation makes up approx 0.68% of Jupiter Asset Management Ltd’s portfolio.Exane Derivatives boosted its stake in CVX in the latest quarter, The investment management firm added 726 additional shares and now holds a total of 1,994 shares of Chevron Corporation which is valued at $203,109. Chevron Corporation makes up approx 0.04% of Exane Derivatives’s portfolio.Sandy Spring Bank reduced its stake in CVX by selling 11,560 shares or 14.42% in the most recent quarter. The Hedge Fund company now holds 68,634 shares of CVX which is valued at $7 Million. Chevron Corporation makes up approx 0.79% of Sandy Spring Bank’s portfolio.Nisa Investment Advisors L.l.c. boosted its stake in CVX in the latest quarter, The investment management firm added 56,170 additional shares and now holds a total of 688,090 shares of Chevron Corporation which is valued at $70.3 Million. Chevron Corporation makes up approx 1.01% of Nisa Investment Advisors L.l.c.’s portfolio.
Chevron Corporation opened for trading at $100.82 and hit $101.98 on the upside on Wednesday, eventually ending the session at $101.77, with a gain of 1.58% or 1.58 points. The heightened volatility saw the trading volume jump to 54,32,612 shares. Company has a market cap of $191,806 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.