Strategic Wealth Advisors Groupinc. adds Chevron Corporation (CVX) to its portfolio

Chevron Corporation (CVX) : Strategic Wealth Advisors Groupinc. added new position in Chevron Corporation during the most recent quarter end. The investment management firm now holds 85,641 shares of Chevron Corporation which is valued at $8.7 Million , the company said in a statement filed on May 25, 2016 with the SEC.Chevron Corporation makes up approximately 2.78% of Strategic Wealth Advisors Groupinc.’s portfolio.

Other Hedge Funds, Including , Whalerock Point Partners reduced its stake in CVX by selling 2,925 shares or 17.32% in the most recent quarter. The Hedge Fund company now holds 13,965 shares of CVX which is valued at $1.4 Million. Chevron Corporation makes up approx 0.60% of Whalerock Point Partners’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in CVX in the latest quarter, The investment management firm added 6,471 additional shares and now holds a total of 62,033 shares of Chevron Corporation which is valued at $6.2 Million. Chevron Corporation makes up approx 0.05% of Robeco Institutional Asset Management B.v.’s portfolio.Hightower Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 85,478 additional shares and now holds a total of 628,992 shares of Chevron Corporation which is valued at $62.8 Million. Chevron Corporation makes up approx 0.75% of Hightower Advisors’s portfolio.Coconut Grove Bank boosted its stake in CVX in the latest quarter, The investment management firm added 136 additional shares and now holds a total of 14,852 shares of Chevron Corporation which is valued at $1.5 Million. Chevron Corporation makes up approx 1.36% of Coconut Grove Bank’s portfolio.Mutual Of America Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 3,675 additional shares and now holds a total of 227,957 shares of Chevron Corporation which is valued at $23 Million. Chevron Corporation makes up approx 0.51% of Mutual Of America Capital Management’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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