Chevron Corporation (CVX) : American Investment Services scooped up 10,893 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 194,675 shares of Chevron Corporation which is valued at $20,762,089.Chevron Corporation makes up approximately 8.81% of American Investment Services’s portfolio.
Other Hedge Funds, Including , Lvm Capital Management Ltdmi reduced its stake in CVX by selling 850 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 29,995 shares of CVX which is valued at $3,142,576. Chevron Corporation makes up approx 0.90% of Lvm Capital Management Ltdmi’s portfolio.Centurylink Investment Management Co reduced its stake in CVX by selling 11,741 shares or 50.54% in the most recent quarter. The Hedge Fund company now holds 11,489 shares of CVX which is valued at $1,203,703. Chevron Corporation makes up approx 0.42% of Centurylink Investment Management Co’s portfolio.Baxter Bros Inc reduced its stake in CVX by selling 4,091 shares or 11.26% in the most recent quarter. The Hedge Fund company now holds 32,233 shares of CVX which is valued at $3,377,051. Chevron Corporation makes up approx 1.05% of Baxter Bros Inc’s portfolio.
Chevron Corporation opened for trading at $107.33 and hit $107.54 on the upside on Friday, eventually ending the session at $107.03, with a gain of 0.31% or 0.33 points. The heightened volatility saw the trading volume jump to 61,64,280 shares. Company has a market cap of $201,720 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 .
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.