M Holdings Securities Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : M Holdings Securities reduced its stake in Chevron Corporation by 5.74% during the most recent quarter end. The investment management company now holds a total of 22,205 shares of Chevron Corporation which is valued at $2.3 Million after selling 1,353 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on May 25, 2016.Chevron Corporation makes up approximately 1.37% of M Holdings Securities’s portfolio.

Other Hedge Funds, Including , Becker Capital Management Inc boosted its stake in CVX in the latest quarter, The investment management firm added 6,095 additional shares and now holds a total of 332,886 shares of Chevron Corporation which is valued at $34 Million. Chevron Corporation makes up approx 1.41% of Becker Capital Management Inc’s portfolio.Clark Capital Management Group boosted its stake in CVX in the latest quarter, The investment management firm added 95,608 additional shares and now holds a total of 178,446 shares of Chevron Corporation which is valued at $17.8 Million. Chevron Corporation makes up approx 1.39% of Clark Capital Management Group’s portfolio.Usca Ria boosted its stake in CVX in the latest quarter, The investment management firm added 3,533,063 additional shares and now holds a total of 3,570,508 shares of Chevron Corporation which is valued at $356.3 Million. Chevron Corporation makes up approx 0.06% of Usca Ria’s portfolio.Seizert Capital Partners reduced its stake in CVX by selling 13,607 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 299,235 shares of CVX which is valued at $30.1 Million. Chevron Corporation makes up approx 1.05% of Seizert Capital Partners’s portfolio.

Chevron Corporation opened for trading at $100.24 and hit $101.38 on the upside on Wednesday, eventually ending the session at $101.13, with a gain of 0.13% or 0.13 points. The heightened volatility saw the trading volume jump to 48,15,151 shares. Company has a market cap of $190,600 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 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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