Chevron Corporation (CVX) : Washington Trust Bank scooped up 307 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 27,162 shares of Chevron Corporation which is valued at $2,776,771.Chevron Corporation makes up approximately 0.67% of Washington Trust Bank’s portfolio.
Other Hedge Funds, Including , West Oak Capital boosted its stake in CVX in the latest quarter, The investment management firm added 456 additional shares and now holds a total of 21,876 shares of Chevron Corporation which is valued at $2,236,383. Chevron Corporation makes up approx 1.55% of West Oak Capital’s portfolio.Cullinan Associates Inc boosted its stake in CVX in the latest quarter, The investment management firm added 2,545 additional shares and now holds a total of 100,348 shares of Chevron Corporation which is valued at $10,258,576. Chevron Corporation makes up approx 0.88% of Cullinan Associates Inc’s portfolio.Lvm Capital Management Ltdmi boosted its stake in CVX in the latest quarter, The investment management firm added 13,466 additional shares and now holds a total of 43,461 shares of Chevron Corporation which is valued at $4,443,018. Chevron Corporation makes up approx 1.40% of Lvm Capital Management Ltdmi’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 -1.18 points or -1.15% at $101.27 with 65,05,363 shares getting traded on Tuesday. Post opening the session at $102.71, the shares hit an intraday low of $100.76 and an intraday high of $102.92 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.