Chevron Corporation (CVX) : Independent Portfolio Consultants reduced its stake in Chevron Corporation by 2.7% during the most recent quarter end. The investment management company now holds a total of 16,806 shares of Chevron Corporation which is valued at $1,782,949 after selling 467 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Chevron Corporation makes up approximately 0.54% of Independent Portfolio Consultants’s portfolio.
Other Hedge Funds, Including , Peddock Capital Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 13,171 additional shares and now holds a total of 60,625 shares of Chevron Corporation which is valued at $6,431,706. Chevron Corporation makes up approx 4.02% of Peddock Capital Advisors’s portfolio.Check Capital Management Incca boosted its stake in CVX in the latest quarter, The investment management firm added 3,125 additional shares and now holds a total of 8,990 shares of Chevron Corporation which is valued at $953,749. Chevron Corporation makes up approx 0.09% of Check Capital Management Incca’s portfolio.Quotient Investors boosted its stake in CVX in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 3,900 shares of Chevron Corporation which is valued at $415,935. Chevron Corporation makes up approx 0.19% of Quotient Investors’s portfolio.Ct Financial Advisors reduced its stake in CVX by selling 1,135 shares or 8.84% in the most recent quarter. The Hedge Fund company now holds 11,709 shares of CVX which is valued at $1,226,752. Chevron Corporation makes up approx 0.77% of Ct Financial Advisors’s portfolio.
Chevron Corporation closed down -0.94 points or -0.88% at $106.09 with 49,31,504 shares getting traded on Monday. Post opening the session at $106.67, the shares hit an intraday low of $106.02 and an intraday high of $106.75 and the price fluctuated in this range throughout the day.Shares ended Monday 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.