Chevron Corporation (CVX) : Sitrin Capital Management reduced its stake in Chevron Corporation by 3.64% during the most recent quarter end. The investment management company now holds a total of 49,864 shares of Chevron Corporation which is valued at $5 Million after selling 1,884 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Chevron Corporation makes up approximately 3.98% of Sitrin Capital Management’s portfolio.
Other Hedge Funds, Including , Ridgeworth Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 1,196,235 additional shares and now holds a total of 1,199,426 shares of Chevron Corporation which is valued at $120.8 Million. Chevron Corporation makes up approx 1.07% of Ridgeworth Capital Management’s portfolio.Patton Albertson Miller Group reduced its stake in CVX by selling 130 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 2,981 shares of CVX which is valued at $303,645. Chevron Corporation makes up approx 0.15% of Patton Albertson Miller Group’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 $33.3 Million. Chevron Corporation makes up approx 0.38% of Mawer Investment Management Ltd.’s portfolio.
Chevron Corporation opened for trading at $101.87 and hit $102.599 on the upside on Monday, eventually ending the session at $102.29, with a gain of 1.54% or 1.55 points. The heightened volatility saw the trading volume jump to 67,79,399 shares. Company has a market cap of $192,786 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.