Gradient Investments buys $5,768,498 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Gradient Investments scooped up 3,706 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 55,477 shares of Chevron Corporation which is valued at $5,768,498.Chevron Corporation makes up approximately 0.57% of Gradient Investments’s portfolio.

Other Hedge Funds, Including , Reilly Herbert Faulkner Iii boosted its stake in CVX in the latest quarter, The investment management firm added 729 additional shares and now holds a total of 24,625 shares of Chevron Corporation which is valued at $2,560,508. Chevron Corporation makes up approx 1.92% of Reilly Herbert Faulkner Iii’s portfolio.Stokes Hubbell Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 897 additional shares and now holds a total of 53,922 shares of Chevron Corporation which is valued at $5,514,603. Chevron Corporation makes up approx 2.30% of Stokes Hubbell Capital Management’s portfolio.Independent Portfolio Consultants boosted its stake in CVX in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 17,346 shares of Chevron Corporation which is valued at $1,773,282. Chevron Corporation makes up approx 0.56% of Independent Portfolio Consultants’s portfolio.Mcqueen Ball Associates reduced its stake in CVX by selling 349 shares or 5.99% in the most recent quarter. The Hedge Fund company now holds 5,475 shares of CVX which is valued at $559,709. Chevron Corporation makes up approx 0.38% of Mcqueen Ball Associates’s portfolio.Lynch Associatesin boosted its stake in CVX in the latest quarter, The investment management firm added 2,008 additional shares and now holds a total of 42,382 shares of Chevron Corporation which is valued at $4,332,712. Chevron Corporation makes up approx 1.92% of Lynch Associatesin’s portfolio.

Chevron Corporation closed down -0.94 points or -0.90% at $103.04 with 53,37,338 shares getting traded on Tuesday. Post opening the session at $103.78, the shares hit an intraday low of $102.68 and an intraday high of $104.1 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 Company’s 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.

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