Robshaw Julian Associates Inc Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Robshaw Julian Associates Inc reduced its stake in Chevron Corporation by 0.25% during the most recent quarter end. The investment management company now holds a total of 69,161 shares of Chevron Corporation which is valued at $7,044,739 after selling 170 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.Chevron Corporation makes up approximately 5.26% of Robshaw Julian Associates Inc’s portfolio.

Chevron Corporation opened for trading at $100.84 and hit $102.7 on the upside on Friday, eventually ending the session at $101.86, with a gain of 0.43% or 0.44 points. The heightened volatility saw the trading volume jump to 59,66,814 shares. Company has a market cap of $191,976 M.

Other Hedge Funds, Including , Caz Investments Lp boosted its stake in CVX in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 11,830 shares of Chevron Corporation which is valued at $1,205,004. Chevron Corporation makes up approx 3.28% of Caz Investments Lp’s portfolio.Bender Robert Associates boosted its stake in CVX in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 2,630 shares of Chevron Corporation which is valued at $268,733. Chevron Corporation makes up approx 0.19% of Bender Robert Associates’s portfolio.Mawer Investment Management Ltd. reduced its stake in CVX by selling 358,088 shares or 52.33% in the most recent quarter. The Hedge Fund company now holds 326,137 shares of CVX which is valued at $33,324,679. Chevron Corporation makes up approx 0.38% of Mawer Investment Management Ltd.’s portfolio.Lincluden Management Ltd boosted its stake in CVX in the latest quarter, The investment management firm added 25,105 additional shares and now holds a total of 41,955 shares of Chevron Corporation which is valued at $4,279,830. Chevron Corporation makes up approx 0.68% of Lincluden Management Ltd’s portfolio.Crossvault Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 1,753 additional shares and now holds a total of 19,421 shares of Chevron Corporation which is valued at $1,981,136. Chevron Corporation makes up approx 1.44% of Crossvault Capital Management’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 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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