Delta Capital Management Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Delta Capital Management reduced its stake in Chevron Corporation by 22.65% during the most recent quarter end. The investment management company now holds a total of 4,440 shares of Chevron Corporation which is valued at $446,708 after selling 1,300 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Chevron Corporation makes up approximately 0.33% of Delta Capital Management’s portfolio.

Other Hedge Funds, Including , Tradition Capital Management reduced its stake in CVX by selling 875 shares or 6.01% in the most recent quarter. The Hedge Fund company now holds 13,693 shares of CVX which is valued at $1,377,653. Chevron Corporation makes up approx 0.45% of Tradition Capital Management’s portfolio.Chase Investment Counsel Corp reduced its stake in CVX by selling 220 shares or 7.48% in the most recent quarter. The Hedge Fund company now holds 2,720 shares of CVX which is valued at $278,147. Chevron Corporation makes up approx 0.12% of Chase Investment Counsel Corp’s portfolio.Mizuho Securities Usa reduced its stake in CVX by selling 3,415 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 43,285 shares of CVX which is valued at $4,573,493. Chevron Corporation makes up approx 0.83% of Mizuho Securities Usa’s portfolio. Stillwater Capital Advisors added CVX to its portfolio by purchasing 1,950 company shares during the most recent quarter which is valued at $207,968. Chevron Corporation makes up approx 0.06% of Stillwater Capital Advisors’s portfolio.Lvm Capital Management Ltdmi reduced its stake in CVX by selling 850 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 29,995 shares of CVX which is valued at $3,142,576. Chevron Corporation makes up approx 0.90% of Lvm Capital Management Ltdmi’s portfolio.

Chevron Corporation closed down -0.22 points or -0.22% at $100.39 with 60,88,117 shares getting traded on Thursday. Post opening the session at $100.28, the shares hit an intraday low of $100 and an intraday high of $101.08 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Investors should note that on Jul 27, 2016, Chevron Corporation announced a cash dividend of $1.0700. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 12, 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 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.

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