Chevron Corporation (CVX) : Amica Retiree Medical Trust reduced its stake in Chevron Corporation by 30.96% during the most recent quarter end. The investment management company now holds a total of 11,092 shares of Chevron Corporation which is valued at $1,115,966 after selling 4,974 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Chevron Corporation makes up approximately 0.92% of Amica Retiree Medical Trust’s portfolio.
Other Hedge Funds, Including , Ipswich Investment Management reduced its stake in CVX by selling 873 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 40,712 shares of CVX which is valued at $4,096,034. Chevron Corporation makes up approx 1.99% of Ipswich Investment Management’s portfolio.Paradigm Financial Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 8,669 shares of Chevron Corporation which is valued at $886,492. Chevron Corporation makes up approx 0.52% of Paradigm Financial Advisors’s portfolio.Sigma Planning Corp reduced its stake in CVX by selling 12,698 shares or 20.33% in the most recent quarter. The Hedge Fund company now holds 49,761 shares of CVX which is valued at $5,257,747. Chevron Corporation makes up approx 0.67% of Sigma Planning Corp’s portfolio.Ckw Financial Group boosted its stake in CVX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 157 shares of Chevron Corporation which is valued at $16,449. Chevron Corporation makes up approx 0.01% of Ckw Financial Group’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in CVX by selling 1,244 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 44,153 shares of CVX which is valued at $4,572,926. Chevron Corporation makes up approx 0.89% of First Financial Bank N.a. – Trust Division’s portfolio.
Chevron Corporation opened for trading at $100.99 and hit $101.68 on the upside on Monday, eventually ending the session at $101.2, with a gain of 0.69% or 0.69 points. The heightened volatility saw the trading volume jump to 54,47,467 shares. Company has a market cap of $190,916 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.
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 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.