Sonata Capital Group Inc Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Sonata Capital Group Inc reduced its stake in Chevron Corporation by 7.2% during the most recent quarter end. The investment management company now holds a total of 9,670 shares of Chevron Corporation which is valued at $988,081 after selling 750 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Chevron Corporation makes up approximately 0.85% of Sonata Capital Group Inc’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 , 1st Source Bank boosted its stake in CVX in the latest quarter, The investment management firm added 331 additional shares and now holds a total of 63,711 shares of Chevron Corporation which is valued at $6,509,990. Chevron Corporation makes up approx 0.71% of 1st Source Bank’s portfolio.Grimes Company reduced its stake in CVX by selling 436 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 35,623 shares of CVX which is valued at $3,639,958. Chevron Corporation makes up approx 0.47% of Grimes Company’s portfolio.Meritage Portfolio Management reduced its stake in CVX by selling 745 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 64,301 shares of CVX which is valued at $6,559,345. Chevron Corporation makes up approx 0.74% of Meritage Portfolio Management’s portfolio.Bridge Creek Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 1,384 additional shares and now holds a total of 41,528 shares of Chevron Corporation which is valued at $4,037,767. Chevron Corporation makes up approx 2.32% of Bridge Creek Capital Management’s portfolio.Newman Dignan Sheerar boosted its stake in CVX in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 12,547 shares of Chevron Corporation which is valued at $1,219,945. Chevron Corporation makes up approx 0.88% of Newman Dignan Sheerar’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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