Smithbridge Asset Management Incde Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Smithbridge Asset Management Incde reduced its stake in Chevron Corporation by 8.7% during the most recent quarter end. The investment management company now holds a total of 17,839 shares of Chevron Corporation which is valued at $1,803,166 after selling 1,700 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Chevron Corporation makes up approximately 1.64% of Smithbridge Asset Management Incde’s portfolio.

Other Hedge Funds, Including , Wealthcare Capital Management reduced its stake in CVX by selling 100 shares or 8.21% in the most recent quarter. The Hedge Fund company now holds 1,118 shares of CVX which is valued at $112,683. Chevron Corporation makes up approx 0.01% of Wealthcare Capital Management’s portfolio.Keystone Financial Planning boosted its stake in CVX in the latest quarter, The investment management firm added 380 additional shares and now holds a total of 61,370 shares of Chevron Corporation which is valued at $6,323,565. Chevron Corporation makes up approx 4.24% of Keystone Financial Planning’s portfolio.Gillespie Robinson Grimm Inc reduced its stake in CVX by selling 330 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 181,131 shares of CVX which is valued at $18,834,001. Chevron Corporation makes up approx 2.91% of Gillespie Robinson Grimm Inc’s portfolio.Bath Savings Trust Co boosted its stake in CVX in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 17,358 shares of Chevron Corporation which is valued at $1,774,508. Chevron Corporation makes up approx 0.56% of Bath Savings Trust Co’s portfolio.

Chevron Corporation opened for trading at $101.48 and hit $101.96 on the upside on Friday, eventually ending the session at $101.08, with a gain of 0.29% or 0.29 points. The heightened volatility saw the trading volume jump to 51,14,718 shares. Company has a market cap of $190,689 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 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.

Leave a Reply

Chevron Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Chevron Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.