Chevron Corporation (CVX) : Paragon Capital Management Ltd scooped up 13 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 12,464 shares of Chevron Corporation which is valued at $1,316,946.Chevron Corporation makes up approximately 0.70% of Paragon Capital Management Ltd’s portfolio.
Other Hedge Funds, Including , Bender Robert Associates reduced its stake in CVX by selling 110 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 2,520 shares of CVX which is valued at $266,263. Chevron Corporation makes up approx 0.18% of Bender Robert Associates’s portfolio.Checchi Capital Advisers reduced its stake in CVX by selling 508 shares or 2.87% in the most recent quarter. The Hedge Fund company now holds 17,175 shares of CVX which is valued at $1,814,711. Chevron Corporation makes up approx 0.45% of Checchi Capital Advisers’s portfolio.Adams Asset Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 4,401 additional shares and now holds a total of 88,700 shares of Chevron Corporation which is valued at $9,365,833. Chevron Corporation makes up approx 1.56% of Adams Asset Advisors’s portfolio.Barrett Asset Management boosted its stake in CVX in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 38,280 shares of Chevron Corporation which is valued at $4,041,985. Chevron Corporation makes up approx 0.34% of Barrett Asset Management’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.