Dimensional Fund Advisors Lp buys $1,269,125,620 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Dimensional Fund Advisors Lp scooped up 21,949 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 12,540,767 shares of Chevron Corporation which is valued at $1,269,125,620.Chevron Corporation makes up approximately 0.70% of Dimensional Fund Advisors Lp’s portfolio.

Other Hedge Funds, Including , Reaves W H Co Inc boosted its stake in CVX in the latest quarter, The investment management firm added 7,447 additional shares and now holds a total of 256,525 shares of Chevron Corporation which is valued at $26,011,635. Chevron Corporation makes up approx 0.94% of Reaves W H Co Inc’s portfolio.Notis-mcconarty Edward reduced its stake in CVX by selling 1,747 shares or 9.47% in the most recent quarter. The Hedge Fund company now holds 16,702 shares of CVX which is valued at $1,693,583. Chevron Corporation makes up approx 1.15% of Notis-mcconarty Edward’s portfolio.Creative Planning boosted its stake in CVX in the latest quarter, The investment management firm added 10,180 additional shares and now holds a total of 209,986 shares of Chevron Corporation which is valued at $22,395,007. Chevron Corporation makes up approx 0.16% of Creative Planning’s portfolio.Gateway Investment Advisers boosted its stake in CVX in the latest quarter, The investment management firm added 3,941 additional shares and now holds a total of 1,372,038 shares of Chevron Corporation which is valued at $146,327,853. Chevron Corporation makes up approx 1.23% of Gateway Investment Advisers’s portfolio.

Chevron Corporation opened for trading at $101.5 and hit $102.3 on the upside on Wednesday, eventually ending the session at $102.22, with a gain of 0.66% or 0.67 points. The heightened volatility saw the trading volume jump to 53,11,568 shares. Company has a market cap of $192,840 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 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 Company’s 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.

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