Private Advisor Group buys $11,583,554 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Private Advisor Group scooped up 16,583 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 114,462 shares of Chevron Corporation which is valued at $11,583,554.Chevron Corporation makes up approximately 0.46% of Private Advisor Group’s portfolio.

Other Hedge Funds, Including , Sandy Spring Bank reduced its stake in CVX by selling 3,158 shares or 4.6% in the most recent quarter. The Hedge Fund company now holds 65,476 shares of CVX which is valued at $6,626,171. Chevron Corporation makes up approx 0.73% of Sandy Spring Bank’s portfolio.Great West Life Assurance Co Can boosted its stake in CVX in the latest quarter, The investment management firm added 213,559 additional shares and now holds a total of 2,158,843 shares of Chevron Corporation which is valued at $217,201,194. Chevron Corporation makes up approx 0.63% of Great West Life Assurance Co Can’s portfolio.Sabal Trust Co reduced its stake in CVX by selling 246 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 22,026 shares of CVX which is valued at $2,257,224. Chevron Corporation makes up approx 0.26% of Sabal Trust Co’s portfolio.Wealthtrust-arizona reduced its stake in CVX by selling 3,019 shares or 79.3% in the most recent quarter. The Hedge Fund company now holds 788 shares of CVX which is valued at $83,260. Chevron Corporation makes up approx 0.05% of Wealthtrust-arizona’s portfolio.Highland Capital Management reduced its stake in CVX by selling 2,348 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 135,592 shares of CVX which is valued at $14,317,159. Chevron Corporation makes up approx 1.20% of Highland Capital Management’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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