Home Federal Bank Of Tennessee buys $1,672,667 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Home Federal Bank Of Tennessee scooped up 30 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 16,357 shares of Chevron Corporation which is valued at $1,672,667.Chevron Corporation makes up approximately 0.98% of Home Federal Bank Of Tennessee’s portfolio.

Other Hedge Funds, Including , Rs Investment Management Co boosted its stake in CVX in the latest quarter, The investment management firm added 1,670 additional shares and now holds a total of 743,593 shares of Chevron Corporation which is valued at $76,039,820. Chevron Corporation makes up approx 0.74% of Rs Investment Management Co’s portfolio.Callahan Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 2,596 additional shares and now holds a total of 60,749 shares of Chevron Corporation which is valued at $6,212,193. Chevron Corporation makes up approx 1.60% of Callahan Advisors’s portfolio. Quantres Asset Management Ltd sold out all of its stake in CVX during the most recent quarter. The investment firm sold 17,400 shares of CVX which is valued $1,838,484. Daiwa Sb Investments Ltd. sold out all of its stake in CVX during the most recent quarter. The investment firm sold 83,770 shares of CVX which is valued $8,776,583.

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 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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