First National Bank Of Omaha Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : First National Bank Of Omaha reduced its stake in Chevron Corporation by 2.69% during the most recent quarter end. The investment management company now holds a total of 192,584 shares of Chevron Corporation which is valued at $20,334,945 after selling 5,319 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Chevron Corporation makes up approximately 1.53% of First National Bank Of Omaha’s portfolio.

Other Hedge Funds, Including , Mechanics Bank Trust Department boosted its stake in CVX in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 116,162 shares of Chevron Corporation which is valued at $12,265,546. Chevron Corporation makes up approx 4.40% of Mechanics Bank Trust Department’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.Grassi Investment Management boosted its stake in CVX in the latest quarter, The investment management firm added 4,883 additional shares and now holds a total of 81,081 shares of Chevron Corporation which is valued at $8,647,289. Chevron Corporation makes up approx 1.60% of Grassi Investment Management’s portfolio.Next Financial Group Inc boosted its stake in CVX in the latest quarter, The investment management firm added 2,181 additional shares and now holds a total of 26,333 shares of Chevron Corporation which is valued at $2,758,908. Chevron Corporation makes up approx 0.86% of Next Financial Group Inc’s portfolio.Boltwood Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 36,595 shares of Chevron Corporation which is valued at $3,790,144. Chevron Corporation makes up approx 3.16% of Boltwood Capital Management’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 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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