Chevron Corporation (CVX) : Summit Financial Wealth Advisors reduced its stake in Chevron Corporation by 2.87% during the most recent quarter end. The investment management company now holds a total of 31,169 shares of Chevron Corporation which is valued at $3,265,576 after selling 920 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Chevron Corporation makes up approximately 1.35% of Summit Financial Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Laurel Wealth Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 235 additional shares and now holds a total of 44,806 shares of Chevron Corporation which is valued at $4,694,325. Chevron Corporation makes up approx 2.29% of Laurel Wealth Advisors’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.First Financial Bank N.a. – Trust Division reduced its stake in CVX by selling 1,244 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 44,153 shares of CVX which is valued at $4,572,926. Chevron Corporation makes up approx 0.89% of First Financial Bank N.a. – Trust Division’s portfolio.Cullinan Associates Inc reduced its stake in CVX by selling 190 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 97,803 shares of CVX which is valued at $10,186,182. Chevron Corporation makes up approx 0.83% of Cullinan Associates Inc’s portfolio.
Chevron Corporation opened for trading at $104.81 and hit $106 on the upside on Monday, eventually ending the session at $105.39, with a gain of 0.59% or 0.62 points. The heightened volatility saw the trading volume jump to 72,06,107 shares. Company has a market cap of $198,629 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 .Company shares were Reiterated by Barclays on Apr 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 97 from a previous price target of $89 .
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.