Chevron Corporation (CVX) : Oregon Public Employees Retirement Fund reduced its stake in Chevron Corporation by 16.45% during the most recent quarter end. The investment management company now holds a total of 509,105 shares of Chevron Corporation which is valued at $52,936,738 after selling 100,272 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Chevron Corporation makes up approximately 1.15% of Oregon Public Employees Retirement Fund’s portfolio.
Other Hedge Funds, Including , Trust Co Of Oklahoma boosted its stake in CVX in the latest quarter, The investment management firm added 767 additional shares and now holds a total of 20,454 shares of Chevron Corporation which is valued at $2,091,831. Chevron Corporation makes up approx 1.16% of Trust Co Of Oklahoma’s portfolio.Central Bank Trust Co boosted its stake in CVX in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 3,260 shares of Chevron Corporation which is valued at $333,400. Chevron Corporation makes up approx 0.09% of Central Bank Trust Co’s portfolio. Lifeplan Financial Group Inc added CVX to its portfolio by purchasing 1,969 company shares during the most recent quarter which is valued at $201,291. Chevron Corporation makes up approx 0.14% of Lifeplan Financial Group Inc’s portfolio.Beacon Financial Group boosted its stake in CVX in the latest quarter, The investment management firm added 451 additional shares and now holds a total of 4,080 shares of Chevron Corporation which is valued at $417,098. Chevron Corporation makes up approx 0.09% of Beacon Financial Group’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 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.