Aberdeen Asset Management Plcuk Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Aberdeen Asset Management Plcuk reduced its stake in Chevron Corporation by 0.94% during the most recent quarter end. The investment management company now holds a total of 1,809,398 shares of Chevron Corporation which is valued at $182,043,533 after selling 17,120 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Chevron Corporation makes up approximately 0.66% of Aberdeen Asset Management Plcuk’s portfolio.

Other Hedge Funds, Including , Northpointe Capital reduced its stake in CVX by selling 6,254 shares or 8.93% in the most recent quarter. The Hedge Fund company now holds 63,791 shares of CVX which is valued at $6,523,268. Chevron Corporation makes up approx 0.74% of Northpointe Capital’s portfolio.Prospera Financial Services Inc boosted its stake in CVX in the latest quarter, The investment management firm added 888 additional shares and now holds a total of 14,130 shares of Chevron Corporation which is valued at $1,444,934. Chevron Corporation makes up approx 0.29% of Prospera Financial Services Inc’s portfolio.Douglass Winthrop Advisors reduced its stake in CVX by selling 1,625 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 95,831 shares of CVX which is valued at $10,220,376. Chevron Corporation makes up approx 0.75% of Douglass Winthrop Advisors’s portfolio.Cornerstone Investment Partners reduced its stake in CVX by selling 46,269 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 1,171,485 shares of CVX which is valued at $124,938,875. Chevron Corporation makes up approx 4.21% of Cornerstone Investment Partners’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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