Chevron Corporation (CVX) : Chicago Trust Co Na reduced its stake in Chevron Corporation by 7.42% during the most recent quarter end. The investment management company now holds a total of 47,235 shares of Chevron Corporation which is valued at $4,948,811 after selling 3,785 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.Chevron Corporation makes up approximately 2.09% of Chicago Trust Co Na’s portfolio.
Other Hedge Funds, Including , Stillwater Investment Management boosted its stake in CVX in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 2,356 shares of Chevron Corporation which is valued at $246,838. Chevron Corporation makes up approx 0.14% of Stillwater Investment Management’s portfolio.West Oak Capital boosted its stake in CVX in the latest quarter, The investment management firm added 92 additional shares and now holds a total of 21,420 shares of Chevron Corporation which is valued at $2,244,173. Chevron Corporation makes up approx 1.60% of West Oak Capital’s portfolio.Indiana Trust Investment Management Co boosted its stake in CVX in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 13,280 shares of Chevron Corporation which is valued at $1,375,410. Chevron Corporation makes up approx 0.72% of Indiana Trust Investment Management Co’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in CVX by selling 1,244 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 44,153 shares of CVX which is valued at $4,572,926. Chevron Corporation makes up approx 0.89% of First Financial Bank N.a. – Trust Division’s portfolio.Cullinan Associates Inc reduced its stake in CVX by selling 190 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 97,803 shares of CVX which is valued at $10,186,182. Chevron Corporation makes up approx 0.83% of Cullinan Associates Inc’s portfolio.
Chevron Corporation closed down -0.13 points or -0.12% at $106.65 with 59,59,947 shares getting traded on Wednesday. Post opening the session at $106.78, the shares hit an intraday low of $105.86 and an intraday high of $107.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.