Chevron Corporation (CVX) : Mitchell Sinkler Starrpa reduced its stake in Chevron Corporation by 1.16% during the most recent quarter end. The investment management company now holds a total of 20,876 shares of Chevron Corporation which is valued at $2,226,425 after selling 245 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Chevron Corporation makes up approximately 2.98% of Mitchell Sinkler Starrpa’s portfolio.
Other Hedge Funds, Including , Mutual Of Omaha Bank Wealth Management reduced its stake in CVX by selling 7,364 shares or 22.44% in the most recent quarter. The Hedge Fund company now holds 25,457 shares of CVX which is valued at $2,714,989. Chevron Corporation makes up approx 0.88% of Mutual Of Omaha Bank Wealth Management’s portfolio.Jacobs Coca boosted its stake in CVX in the latest quarter, The investment management firm added 69 additional shares and now holds a total of 78,211 shares of Chevron Corporation which is valued at $8,341,203. Chevron Corporation makes up approx 1.91% of Jacobs Coca’s portfolio.Searle reduced its stake in CVX by selling 5,240 shares or 72.38% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of CVX which is valued at $213,300. Chevron Corporation makes up approx 2.12% of Searle’s portfolio.American National Bank boosted its stake in CVX in the latest quarter, The investment management firm added 511 additional shares and now holds a total of 55,465 shares of Chevron Corporation which is valued at $5,811,068. Chevron Corporation makes up approx 2.15% of American National Bank’s portfolio.Washington Trust Bank reduced its stake in CVX by selling 610 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 26,855 shares of CVX which is valued at $2,813,598. Chevron Corporation makes up approx 0.72% of Washington Trust Bank’s portfolio.
Chevron Corporation opened for trading at $107.33 and hit $107.54 on the upside on Friday, eventually ending the session at $107.03, with a gain of 0.31% or 0.33 points. The heightened volatility saw the trading volume jump to 61,64,280 shares. Company has a market cap of $201,720 M.
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.