Chevron Corporation (CVX) : White Pine Capital scooped up 825 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 25,422 shares of Chevron Corporation which is valued at $2,597,112.Chevron Corporation makes up approximately 1.04% of White Pine Capital’s portfolio.
Other Hedge Funds, Including , Krasney Financial reduced its stake in CVX by selling 527 shares or 11.45% in the most recent quarter. The Hedge Fund company now holds 4,074 shares of CVX which is valued at $416,200. Chevron Corporation makes up approx 0.09% of Krasney Financial’s portfolio.Financial Advisory Service boosted its stake in CVX in the latest quarter, The investment management firm added 272 additional shares and now holds a total of 10,822 shares of Chevron Corporation which is valued at $1,097,351. Chevron Corporation makes up approx 0.40% of Financial Advisory Service’s portfolio.Ubs Asset Management Americas Inc boosted its stake in CVX in the latest quarter, The investment management firm added 29,865 additional shares and now holds a total of 7,087,933 shares of Chevron Corporation which is valued at $718,716,406. Chevron Corporation makes up approx 0.79% of Ubs Asset Management Americas Inc’s portfolio.Kahn Brothers Group Inc De reduced its stake in CVX by selling 340 shares or 6.96% in the most recent quarter. The Hedge Fund company now holds 4,548 shares of CVX which is valued at $460,258. Chevron Corporation makes up approx 0.08% of Kahn Brothers Group Inc De’s portfolio.Mengis Capital Management reduced its stake in CVX by selling 875 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 33,688 shares of CVX which is valued at $3,415,963. Chevron Corporation makes up approx 2.89% of Mengis Capital Management’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.