Chevron Corporation (CVX) : Tci Wealth Advisors scooped up 1,365 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 44,292 shares of Chevron Corporation which is valued at $4,491,209.Chevron Corporation makes up approximately 2.41% of Tci Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Somerset Group boosted its stake in CVX in the latest quarter, The investment management firm added 2,053 additional shares and now holds a total of 19,506 shares of Chevron Corporation which is valued at $1,974,007. Chevron Corporation makes up approx 1.99% of Somerset Group’s portfolio.Wheatland Advisors Inc reduced its stake in CVX by selling 200 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 7,897 shares of CVX which is valued at $794,517. Chevron Corporation makes up approx 0.42% of Wheatland Advisors Inc’s portfolio.Security National Trust Co reduced its stake in CVX by selling 99 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 36,668 shares of CVX which is valued at $3,874,341. Chevron Corporation makes up approx 1.38% of Security National Trust Co’s portfolio.Dearborn Partners boosted its stake in CVX in the latest quarter, The investment management firm added 5,126 additional shares and now holds a total of 250,850 shares of Chevron Corporation which is valued at $26,487,252. Chevron Corporation makes up approx 2.25% of Dearborn Partners’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 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.