Chevron Corporation (CVX) : First American Trust Fsb reduced its stake in Chevron Corporation by 1.4% during the most recent quarter end. The investment management company now holds a total of 42,777 shares of Chevron Corporation which is valued at $4,373,093 after selling 607 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Chevron Corporation makes up approximately 1.37% of First American Trust Fsb’s portfolio.
Other Hedge Funds, Including , Mcqueen Ball Associates reduced its stake in CVX by selling 349 shares or 5.99% in the most recent quarter. The Hedge Fund company now holds 5,475 shares of CVX which is valued at $559,709. Chevron Corporation makes up approx 0.38% of Mcqueen Ball Associates’s portfolio.Eqis Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 884 additional shares and now holds a total of 4,925 shares of Chevron Corporation which is valued at $503,483. Chevron Corporation makes up approx 0.03% of Eqis Capital Management’s portfolio.Washington Trust Bank boosted its stake in CVX in the latest quarter, The investment management firm added 307 additional shares and now holds a total of 27,162 shares of Chevron Corporation which is valued at $2,776,771. Chevron Corporation makes up approx 0.67% of Washington Trust Bank’s portfolio.Cullinan Associates Inc boosted its stake in CVX in the latest quarter, The investment management firm added 2,545 additional shares and now holds a total of 100,348 shares of Chevron Corporation which is valued at $10,258,576. Chevron Corporation makes up approx 0.88% of Cullinan Associates Inc’s portfolio.Harbour Capital Advisors reduced its stake in CVX by selling 937 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 59,756 shares of CVX which is valued at $6,108,856. Chevron Corporation makes up approx 3.29% of Harbour Capital Advisors’s portfolio.
Chevron Corporation closed down -1.18 points or -1.15% at $101.27 with 65,05,363 shares getting traded on Tuesday. Post opening the session at $102.71, the shares hit an intraday low of $100.76 and an intraday high of $102.92 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.