Chevron Corporation (CVX) : Ibm Retirement Fund scooped up 1,416 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 247,140 shares of Chevron Corporation which is valued at $26,112,812.Chevron Corporation makes up approximately 0.93% of Ibm Retirement Fund’s portfolio.
Other Hedge Funds, Including , Fcm Investmentstx boosted its stake in CVX in the latest quarter, The investment management firm added 207 additional shares and now holds a total of 9,307 shares of Chevron Corporation which is valued at $983,378. Chevron Corporation makes up approx 0.57% of Fcm Investmentstx’s portfolio.Investment Counsel boosted its stake in CVX in the latest quarter, The investment management firm added 548 additional shares and now holds a total of 14,713 shares of Chevron Corporation which is valued at $1,553,546. Chevron Corporation makes up approx 1.22% of Investment Counsel’s portfolio.Palisade Asset Management reduced its stake in CVX by selling 1,400 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 98,227 shares of CVX which is valued at $10,475,910. Chevron Corporation makes up approx 1.95% of Palisade Asset Management’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in CVX in the latest quarter, The investment management firm added 18,107 additional shares and now holds a total of 62,492 shares of Chevron Corporation which is valued at $6,664,772. Chevron Corporation makes up approx 1.23% of Franklin Street Advisors Inc Nc’s portfolio.
Chevron Corporation closed down -0.47 points or -0.46% at $101.79 with 82,10,146 shares getting traded on Thursday. Post opening the session at $102.09, the shares hit an intraday low of $100.98 and an intraday high of $102.2192 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.