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 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.