Chevron Corporation (CVX) : Baird Financial Group scooped up 3,029 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,014,215 shares of Chevron Corporation which is valued at $103,612,204.Chevron Corporation makes up approximately 0.90% of Baird Financial Group’s portfolio.
Other Hedge Funds, Including , Jarislowsky Fraser Ltd reduced its stake in CVX by selling 6,078 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 735,481 shares of CVX which is valued at $75,136,739. Chevron Corporation makes up approx 0.53% of Jarislowsky Fraser Ltd’s portfolio.Carret Asset Management reduced its stake in CVX by selling 189 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 93,903 shares of CVX which is valued at $9,593,130. Chevron Corporation makes up approx 1.77% of Carret Asset Management’s portfolio. Mission Wealth Management sold out all of its stake in CVX during the most recent quarter. The investment firm sold 16,274 shares of CVX which is valued $1,637,327.Hutchinson Capital Managementca reduced its stake in CVX by selling 235 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 28,352 shares of CVX which is valued at $2,852,495. Chevron Corporation makes up approx 0.85% of Hutchinson Capital Managementca’s portfolio.
Chevron Corporation closed down -0.26 points or -0.26% at $101.68 with 49,29,677 shares getting traded on Tuesday. Post opening the session at $102.03, the shares hit an intraday low of $101.5 and an intraday high of $102.17 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.