Chevron Corporation (CVX) : Miles Capital scooped up 1,435 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 13,196 shares of Chevron Corporation which is valued at $1,348,103.Chevron Corporation makes up approximately 0.89% of Miles Capital’s portfolio.
Other Hedge Funds, Including , Darrell King reduced its stake in CVX by selling 499 shares or 19.97% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of CVX which is valued at $204,320. Chevron Corporation makes up approx 0.04% of Darrell King’s portfolio.Pillar Pacific Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 1,580 additional shares and now holds a total of 55,312 shares of Chevron Corporation which is valued at $5,564,940. Chevron Corporation makes up approx 0.90% of Pillar Pacific Capital Management’s portfolio.Concorde Asset Management reduced its stake in CVX by selling 140 shares or 5.27% in the most recent quarter. The Hedge Fund company now holds 2,518 shares of CVX which is valued at $266,052. Chevron Corporation makes up approx 0.26% of Concorde Asset Management’s portfolio.Berkshire Asset Managementpa reduced its stake in CVX by selling 221 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 15,830 shares of CVX which is valued at $1,671,490. Chevron Corporation makes up approx 0.25% of Berkshire Asset Managementpa’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.