Aull Monroe Investment Management Corp Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Aull Monroe Investment Management Corp reduced its stake in Chevron Corporation by 0.53% during the most recent quarter end. The investment management company now holds a total of 37,506 shares of Chevron Corporation which is valued at $3,795,607 after selling 200 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Chevron Corporation makes up approximately 2.15% of Aull Monroe Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Windsor Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 944 additional shares and now holds a total of 9,142 shares of Chevron Corporation which is valued at $926,999. Chevron Corporation makes up approx 0.53% of Windsor Capital Management’s portfolio. Scout Investments added CVX to its portfolio by purchasing 2,281 company shares during the most recent quarter which is valued at $231,293. Chevron Corporation makes up approx 0.01% of Scout Investments’s portfolio.Cutter Co Brokerage boosted its stake in CVX in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 3,163 shares of Chevron Corporation which is valued at $318,229. Chevron Corporation makes up approx 0.14% of Cutter Co Brokerage’s portfolio.Btr Capital Management Inc reduced its stake in CVX by selling 1,827 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 116,499 shares of CVX which is valued at $12,359,379. Chevron Corporation makes up approx 2.75% of Btr Capital Management Inc’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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