Chevron Corporation (CVX) : Strs Ohio scooped up 8,006 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 2,051,577 shares of Chevron Corporation which is valued at $209,794,264.Chevron Corporation makes up approximately 0.90% of Strs Ohio’s portfolio.
Other Hedge Funds, Including , Candriam Luxembourg S.c.a. reduced its stake in CVX by selling 560 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 255,761 shares of CVX which is valued at $26,154,120. Chevron Corporation makes up approx 0.66% of Candriam Luxembourg S.c.a.’s portfolio.Cape Ann Savings Bank reduced its stake in CVX by selling 192 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 12,422 shares of CVX which is valued at $1,311,639. Chevron Corporation makes up approx 1.75% of Cape Ann Savings Bank’s portfolio.Barry Investment Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 2,699 shares of Chevron Corporation which is valued at $286,337. Chevron Corporation makes up approx 0.11% of Barry Investment Advisors’s portfolio.Gateway Investment Advisers boosted its stake in CVX in the latest quarter, The investment management firm added 3,941 additional shares and now holds a total of 1,372,038 shares of Chevron Corporation which is valued at $146,327,853. Chevron Corporation makes up approx 1.23% of Gateway Investment Advisers’s portfolio.British Columbia Investment Management Corp reduced its stake in CVX by selling 42,677 shares or 4.95% in the most recent quarter. The Hedge Fund company now holds 820,201 shares of CVX which is valued at $85,932,459. Chevron Corporation makes up approx 0.74% of British Columbia Investment Management Corp’s portfolio.
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 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.