Chevron Corporation (CVX) : Dearborn Partners scooped up 5,126 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 250,850 shares of Chevron Corporation which is valued at $26,487,252.Chevron Corporation makes up approximately 2.25% of Dearborn Partners’s portfolio.
Other Hedge Funds, Including , Wendell David Associates Inc reduced its stake in CVX by selling 1,520 shares or 20.85% in the most recent quarter. The Hedge Fund company now holds 5,770 shares of CVX which is valued at $609,254. Chevron Corporation makes up approx 0.12% of Wendell David Associates Inc’s portfolio.Regent Investment Management boosted its stake in CVX in the latest quarter, The investment management firm added 387 additional shares and now holds a total of 26,994 shares of Chevron Corporation which is valued at $2,863,793. Chevron Corporation makes up approx 1.50% of Regent Investment Management’s portfolio.Mai Capital Management reduced its stake in CVX by selling 3,999 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 65,630 shares of CVX which is valued at $6,962,687. Chevron Corporation makes up approx 0.56% of Mai Capital Management’s portfolio.Dnb Asset Management As boosted its stake in CVX in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 156,284 shares of Chevron Corporation which is valued at $16,373,875. Chevron Corporation makes up approx 0.34% of Dnb Asset Management As’s portfolio.Raymond James Trust N.a. boosted its stake in CVX in the latest quarter, The investment management firm added 703 additional shares and now holds a total of 129,357 shares of Chevron Corporation which is valued at $13,552,733. Chevron Corporation makes up approx 1.14% of Raymond James Trust N.a.’s portfolio.
Chevron Corporation closed down -0.45 points or -0.42% at $105.59 with 68,02,012 shares getting traded on Wednesday. Post opening the session at $105.93, the shares hit an intraday low of $105 and an intraday high of $106.13 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.