Chevron Corporation (CVX) : Annex Advisory Services reduced its stake in Chevron Corporation by 2.89% during the most recent quarter end. The investment management company now holds a total of 9,247 shares of Chevron Corporation which is valued at $944,674 after selling 275 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Chevron Corporation makes up approximately 0.25% of Annex Advisory Services’s portfolio.
Other Hedge Funds, Including , Atlantic Trust Group reduced its stake in CVX by selling 13,304 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 438,124 shares of CVX which is valued at $44,758,748. Chevron Corporation makes up approx 0.31% of Atlantic Trust Group’s portfolio.Winch Advisory Services boosted its stake in CVX in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 1,520 shares of Chevron Corporation which is valued at $155,283. Chevron Corporation makes up approx 0.19% of Winch Advisory Services’s portfolio.Partnervest Advisory Services boosted its stake in CVX in the latest quarter, The investment management firm added 406 additional shares and now holds a total of 12,097 shares of Chevron Corporation which is valued at $1,215,869. Chevron Corporation makes up approx 0.59% of Partnervest Advisory Services’s portfolio.Mcrae Capital Management Inc boosted its stake in CVX in the latest quarter, The investment management firm added 122 additional shares and now holds a total of 4,980 shares of Chevron Corporation which is valued at $501,038. Chevron Corporation makes up approx 0.22% of Mcrae Capital Management Inc’s portfolio.Private Trust Co Na boosted its stake in CVX in the latest quarter, The investment management firm added 7,501 additional shares and now holds a total of 36,933 shares of Chevron Corporation which is valued at $3,899,755. Chevron Corporation makes up approx 0.99% of Private Trust Co Na’s portfolio.
Chevron Corporation closed down -0.26 points or -0.26% at $101.68 with 49,29,677 shares getting traded on Tuesday. Post opening the session at $102.03, the shares hit an intraday low of $101.5 and an intraday high of $102.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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 Upgraded by Piper Jaffray on Aug 9, 2016 to ” Overweight”, Firm has raised the Price Target to $ 117 from a previous price target of $110 .
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.