Chevron Corporation (CVX) : Murphy Capital Management Inc scooped up 1,528 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 51,718 shares of Chevron Corporation which is valued at $5,460,904.Chevron Corporation makes up approximately 0.82% of Murphy Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Palladium Partners boosted its stake in CVX in the latest quarter, The investment management firm added 1,869 additional shares and now holds a total of 158,878 shares of Chevron Corporation which is valued at $16,775,928. Chevron Corporation makes up approx 1.48% of Palladium Partners’s portfolio.Id Management As boosted its stake in CVX in the latest quarter, The investment management firm added 6,900 additional shares and now holds a total of 9,900 shares of Chevron Corporation which is valued at $1,050,291. Chevron Corporation makes up approx 0.32% of Id Management As’s portfolio.Trust Department Mb Financial Bank N A reduced its stake in CVX by selling 381 shares or 3.71% in the most recent quarter. The Hedge Fund company now holds 9,877 shares of CVX which is valued at $1,047,851. Chevron Corporation makes up approx 0.11% of Trust Department Mb Financial Bank N A’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in CVX in the latest quarter, The investment management firm added 18,107 additional shares and now holds a total of 62,492 shares of Chevron Corporation which is valued at $6,664,772. Chevron Corporation makes up approx 1.23% of Franklin Street Advisors Inc Nc’s portfolio.
Chevron Corporation closed down -0.45 points or -0.42% at $105.59 with 68,02,012 shares getting traded on Wednesday. Post opening the session at $105.93, the shares hit an intraday low of $105 and an intraday high of $106.13 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Chevron Corporation reported $-0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.16. The company had revenue of $23533.00 million for the quarter, compared to analysts expectations of $22735.35 million. The company’s revenue was down -31.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on Chevron Corporation. Company shares were Reiterated by Jefferies on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 114 from a previous price target of $110 .Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 104 from a previous price target of $90 .
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.