Chevron Corporation (CVX) : L S Advisors Inc scooped up 62,378 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 68,947 shares of Chevron Corporation which is valued at $7,349,061.Chevron Corporation makes up approximately 2.10% of L S Advisors Inc’s portfolio.
Other Hedge Funds, Including , Levin Capital Strategies boosted its stake in CVX in the latest quarter, The investment management firm added 32,855 additional shares and now holds a total of 443,167 shares of Chevron Corporation which is valued at $47,237,171. Chevron Corporation makes up approx 0.82% of Levin Capital Strategies’s portfolio. Ikos Cif Ltd sold out all of its stake in CVX during the most recent quarter. The investment firm sold 931 shares of CVX which is valued $100,352.River Wealth Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 211 additional shares and now holds a total of 32,300 shares of Chevron Corporation which is valued at $3,404,097. Chevron Corporation makes up approx 1.95% of River Wealth Advisors’s portfolio.Texan Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 13,408 shares of Chevron Corporation which is valued at $1,413,069. Chevron Corporation makes up approx 0.69% of Texan Capital Management’s portfolio.Dupont Capital Management Corp reduced its stake in CVX by selling 27,208 shares or 17.74% in the most recent quarter. The Hedge Fund company now holds 126,156 shares of CVX which is valued at $13,295,581. Chevron Corporation makes up approx 0.31% of Dupont Capital Management Corp’s portfolio.
Chevron Corporation opened for trading at $108.57 and hit $109.67 on the upside on Monday, eventually ending the session at $109.2, with a gain of 1.00% or 1.08 points. The heightened volatility saw the trading volume jump to 68,15,483 shares. Company has a market cap of $206,144 M.
On the company’s financial health, Chevron Corporation reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $0.39. The company had revenue of $30140.00 million for the quarter, compared to analysts expectations of $30578.37 million. The company’s revenue was down -12.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.09 EPS.
Many Wall Street Analysts have commented on Chevron Corporation. Chevron Corporation was Upgraded by CLSA to ” Buy” on Nov 15, 2016. Chevron Corporation was Upgraded by Morgan Stanley to ” Overweight” on Nov 1, 2016. Chevron Corporation was Upgraded by Goldman to ” Buy” on Oct 31, 2016.
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.