Chevron Corporation (CVX) : Raymond James Associates scooped up 123,047 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 2,251,533 shares of Chevron Corporation which is valued at $230,016,611.Chevron Corporation makes up approximately 0.70% of Raymond James Associates’s portfolio.
Other Hedge Funds, Including , Foyston Gordon Payne Inc reduced its stake in CVX by selling 4,900 shares or 13.15% in the most recent quarter. The Hedge Fund company now holds 32,350 shares of CVX which is valued at $3,304,876. Chevron Corporation makes up approx 0.58% of Foyston Gordon Payne Inc’s portfolio.Wealthsource Partners boosted its stake in CVX in the latest quarter, The investment management firm added 2,125 additional shares and now holds a total of 21,852 shares of Chevron Corporation which is valued at $2,215,793. Chevron Corporation makes up approx 0.80% of Wealthsource Partners’s portfolio.True Private Wealth Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 9,368 shares of Chevron Corporation which is valued at $942,514. Chevron Corporation makes up approx 0.31% of True Private Wealth Advisors’s portfolio.Cambridge Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 9,521 shares of Chevron Corporation which is valued at $973,617. Chevron Corporation makes up approx 0.43% of Cambridge Advisors’s portfolio.Lodestar Investment Counselil reduced its stake in CVX by selling 375 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 39,582 shares of CVX which is valued at $4,199,254. Chevron Corporation makes up approx 0.58% of Lodestar Investment Counselil’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.