Puzo Michael J buys $2 Million stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Puzo Michael J scooped up 494 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 27, 2016. The investment management firm now holds a total of 19,950 shares of Chevron Corporation which is valued at $2 Million.Chevron Corporation makes up approximately 1.35% of Puzo Michael J’s portfolio.

Other Hedge Funds, Including , Fayerweather Charles boosted its stake in CVX in the latest quarter, The investment management firm added 595 additional shares and now holds a total of 8,373 shares of Chevron Corporation which is valued at $854,213. Chevron Corporation makes up approx 1.19% of Fayerweather Charles’s portfolio.Efg Asset Management (americas) Corp. boosted its stake in CVX in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 4,302 shares of Chevron Corporation which is valued at $429,297. Chevron Corporation makes up approx 0.22% of Efg Asset Management (americas) Corp.’s portfolio.Town Country Bank Trust Co Dba First Bankers Trust Co reduced its stake in CVX by selling 610 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 60,037 shares of CVX which is valued at $6 Million. Chevron Corporation makes up approx 2.54% of Town Country Bank Trust Co Dba First Bankers Trust Co’s portfolio.Frontier Investment Mgmt Co boosted its stake in CVX in the latest quarter, The investment management firm added 3,699 additional shares and now holds a total of 17,165 shares of Chevron Corporation which is valued at $1.7 Million. Chevron Corporation makes up approx 0.23% of Frontier Investment Mgmt Co’s portfolio.Oppenheimerfunds boosted its stake in CVX in the latest quarter, The investment management firm added 445,346 additional shares and now holds a total of 5,677,492 shares of Chevron Corporation which is valued at $572 Million. Chevron Corporation makes up approx 0.76% of Oppenheimerfunds’s portfolio.

Chevron Corporation opened for trading at $101.84 and hit $103.7 on the upside on Tuesday, eventually ending the session at $103.32, with a gain of 2.13% or 2.15 points. The heightened volatility saw the trading volume jump to 98,06,977 shares. Company has a market cap of $194,727 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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