Chevron Corporation (CVX) : Patten Patten Inctn scooped up 140 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 70,669 shares of Chevron Corporation which is valued at $7,281,734.Chevron Corporation makes up approximately 0.95% of Patten Patten Inctn’s portfolio.
Other Hedge Funds, Including , North Star Investment Management Corp. reduced its stake in CVX by selling 280 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 10,101 shares of CVX which is valued at $1,040,807. Chevron Corporation makes up approx 0.19% of North Star Investment Management Corp.’s portfolio.Founders Capital Management reduced its stake in CVX by selling 1,520 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 56,183 shares of CVX which is valued at $5,841,908. Chevron Corporation makes up approx 3.29% of Founders Capital Management’s portfolio.Gradient Investments boosted its stake in CVX in the latest quarter, The investment management firm added 3,706 additional shares and now holds a total of 55,477 shares of Chevron Corporation which is valued at $5,768,498. Chevron Corporation makes up approx 0.57% of Gradient Investments’s portfolio.Oakmont Partners boosted its stake in CVX in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 2,443 shares of Chevron Corporation which is valued at $254,023. Chevron Corporation makes up approx 0.17% of Oakmont Partners’s portfolio.Telemus Capital boosted its stake in CVX in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 7,511 shares of Chevron Corporation which is valued at $767,850. Chevron Corporation makes up approx 0.09% of Telemus Capital’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.