Chevron Corporation (CVX) : Msi Financial Services Inc scooped up 8,011 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 108,746 shares of Chevron Corporation which is valued at $11,120,366.Chevron Corporation makes up approximately 0.39% of Msi Financial Services Inc’s portfolio.
Other Hedge Funds, Including , Wagner Bowman Management Corp reduced its stake in CVX by selling 307 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 16,406 shares of CVX which is valued at $1,677,678. Chevron Corporation makes up approx 0.64% of Wagner Bowman Management Corp’s portfolio.Dynamic Advisors Solutions reduced its stake in CVX by selling 382 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 12,508 shares of CVX which is valued at $1,321,595. Chevron Corporation makes up approx 0.52% of Dynamic Advisors Solutions’s portfolio.Somerset Trust Co boosted its stake in CVX in the latest quarter, The investment management firm added 496 additional shares and now holds a total of 11,139 shares of Chevron Corporation which is valued at $1,187,974. Chevron Corporation makes up approx 0.71% of Somerset Trust Co’s portfolio.Beacon Financial Group reduced its stake in CVX by selling 101,283 shares or 96.54% in the most recent quarter. The Hedge Fund company now holds 3,629 shares of CVX which is valued at $387,033. Chevron Corporation makes up approx 0.08% of Beacon Financial Group’s portfolio.Deane Retirement Strategies reduced its stake in CVX by selling 2,432 shares or 74.28% in the most recent quarter. The Hedge Fund company now holds 842 shares of CVX which is valued at $87,206. Chevron Corporation makes up approx 0.08% of Deane Retirement Strategies’s portfolio.
Chevron Corporation opened for trading at $100.53 and hit $102.66 on the upside on Friday, eventually ending the session at $102.48, with a gain of 0.68% or 0.69 points. The heightened volatility saw the trading volume jump to 1,01,57,617 shares. Company has a market cap of $193,144 M.
On the company’s financial health, Chevron Corporation reported $-0.78 EPS for the quarter, missing the analyst consensus estimate by $ -1.10 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $29282.00 million for the quarter, compared to analysts expectations of $29649.73 million. The company’s revenue was down -27.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 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.