Thomaspartners buys $194,957,651 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Thomaspartners scooped up 272,762 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,926,459 shares of Chevron Corporation which is valued at $194,957,651.Chevron Corporation makes up approximately 2.49% of Thomaspartners’s portfolio.

Other Hedge Funds, Including , Reaves W H Co Inc boosted its stake in CVX in the latest quarter, The investment management firm added 7,447 additional shares and now holds a total of 256,525 shares of Chevron Corporation which is valued at $26,011,635. Chevron Corporation makes up approx 0.94% of Reaves W H Co Inc’s portfolio.Hm Payson Co reduced its stake in CVX by selling 8,360 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 204,267 shares of CVX which is valued at $20,712,674. Chevron Corporation makes up approx 0.99% of Hm Payson Co’s portfolio.Northeast Investment Management boosted its stake in CVX in the latest quarter, The investment management firm added 3,655 additional shares and now holds a total of 156,961 shares of Chevron Corporation which is valued at $15,791,846. Chevron Corporation makes up approx 1.56% of Northeast Investment Management’s portfolio.Delta Capital Management reduced its stake in CVX by selling 1,300 shares or 22.65% in the most recent quarter. The Hedge Fund company now holds 4,440 shares of CVX which is valued at $446,708. Chevron Corporation makes up approx 0.33% of Delta Capital Management’s portfolio.Jnba Financial Advisors reduced its stake in CVX by selling 896 shares or 15.54% in the most recent quarter. The Hedge Fund company now holds 4,871 shares of CVX which is valued at $514,670. Chevron Corporation makes up approx 0.14% of Jnba Financial Advisors’s portfolio.

Chevron Corporation opened for trading at $101.5 and hit $102.3 on the upside on Wednesday, eventually ending the session at $102.22, with a gain of 0.66% or 0.67 points. The heightened volatility saw the trading volume jump to 53,11,568 shares. Company has a market cap of $192,840 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 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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