Chevron Corporation (CVX) : America First Investment Advisors reduced its stake in Chevron Corporation by 0.44% during the most recent quarter end. The investment management company now holds a total of 101,637 shares of Chevron Corporation which is valued at $10,738,965 after selling 453 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Chevron Corporation makes up approximately 4.40% of America First Investment Advisors’s portfolio.
Other Hedge Funds, Including , Northstar Asset Management boosted its stake in CVX in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 27,039 shares of Chevron Corporation which is valued at $2,856,941. Chevron Corporation makes up approx 1.15% of Northstar Asset Management’s portfolio.Lynch Associatesin boosted its stake in CVX in the latest quarter, The investment management firm added 5,982 additional shares and now holds a total of 40,374 shares of Chevron Corporation which is valued at $4,265,917. Chevron Corporation makes up approx 1.86% of Lynch Associatesin’s portfolio.Berkshire Asset Managementpa reduced its stake in CVX by selling 221 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 15,830 shares of CVX which is valued at $1,671,490. Chevron Corporation makes up approx 0.25% of Berkshire Asset Managementpa’s portfolio.Gierl Augustine Investment Management Inc reduced its stake in CVX by selling 1,134 shares or 57.59% in the most recent quarter. The Hedge Fund company now holds 835 shares of CVX which is valued at $89,053. Chevron Corporation makes up approx 0.09% of Gierl Augustine Investment Management Inc’s portfolio.Jacobs Coca boosted its stake in CVX in the latest quarter, The investment management firm added 69 additional shares and now holds a total of 78,211 shares of Chevron Corporation which is valued at $8,341,203. Chevron Corporation makes up approx 1.91% of Jacobs Coca’s portfolio.
Chevron Corporation opened for trading at $100.53 and hit $102.66 on the upside on Friday, eventually ending the session at $102.48, with a gain of 0.68% or 0.69 points. The heightened volatility saw the trading volume jump to 1,01,57,617 shares. Company has a market cap of $193,144 M.
On the company’s financial health, Chevron Corporation reported $-0.78 EPS for the quarter, missing the analyst consensus estimate by $ -1.10 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $29282.00 million for the quarter, compared to analysts expectations of $29649.73 million. The company’s revenue was down -27.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 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 .
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.