Chevron Corporation (CVX) : Raymond James Financial Services Advisors added new position in Chevron Corporation during the most recent quarter end. The investment management firm now holds 760,895 shares of Chevron Corporation which is valued at $77,733,033 , the company said in a statement filed on Aug 12, 2016 with the SEC.Chevron Corporation makes up approximately 0.73% of Raymond James Financial Services Advisors’s portfolio.
Other Hedge Funds, Including , Monetary Management Group Inc boosted its stake in CVX in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 14,241 shares of Chevron Corporation which is valued at $1,454,861. Chevron Corporation makes up approx 0.65% of Monetary Management Group Inc’s portfolio.Frontier Wealth Management reduced its stake in CVX by selling 2,600 shares or 25.42% in the most recent quarter. The Hedge Fund company now holds 7,629 shares of CVX which is valued at $779,379. Chevron Corporation makes up approx 0.11% of Frontier Wealth Management’s portfolio.Montgomery Investment Management Inc boosted its stake in CVX in the latest quarter, The investment management firm added 18,164 additional shares and now holds a total of 84,320 shares of Chevron Corporation which is valued at $8,614,131. Chevron Corporation makes up approx 4.11% of Montgomery Investment Management Inc’s portfolio.Reilly Herbert Faulkner Iii boosted its stake in CVX in the latest quarter, The investment management firm added 1,367 additional shares and now holds a total of 23,896 shares of Chevron Corporation which is valued at $2,401,787. Chevron Corporation makes up approx 1.73% of Reilly Herbert Faulkner Iii’s portfolio.Cornerstone Advisors reduced its stake in CVX by selling 2,705 shares or 57.43% in the most recent quarter. The Hedge Fund company now holds 2,005 shares of CVX which is valued at $205,031. Chevron Corporation makes up approx 0.20% of Cornerstone Advisors’s portfolio.
Chevron Corporation opened for trading at $101.24 and hit $102.23 on the upside on Monday, eventually ending the session at $102.05, with a gain of 0.72% or 0.73 points. The heightened volatility saw the trading volume jump to 40,26,893 shares. Company has a market cap of $192,519 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 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.