Chevron Corporation (CVX) : Bennicas Associates reduced its stake in Chevron Corporation by 3.67% during the most recent quarter end. The investment management company now holds a total of 18,397 shares of Chevron Corporation which is valued at $1,942,539 after selling 700 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Chevron Corporation makes up approximately 1.71% of Bennicas Associates’s portfolio.
Other Hedge Funds, Including , Sunnymeath Asset Management reduced its stake in CVX by selling 2,375 shares or 11.58% in the most recent quarter. The Hedge Fund company now holds 18,135 shares of CVX which is valued at $1,914,875. Chevron Corporation makes up approx 2.70% of Sunnymeath Asset Management’s portfolio.Investment Counsel boosted its stake in CVX in the latest quarter, The investment management firm added 548 additional shares and now holds a total of 14,713 shares of Chevron Corporation which is valued at $1,553,546. Chevron Corporation makes up approx 1.22% of Investment Counsel’s portfolio.Independent Portfolio Consultants reduced its stake in CVX by selling 467 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 16,806 shares of CVX which is valued at $1,782,949. Chevron Corporation makes up approx 0.54% of Independent Portfolio Consultants’s portfolio.Nexus Investment Management boosted its stake in CVX in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 11,060 shares of Chevron Corporation which is valued at $1,158,756. Chevron Corporation makes up approx 0.22% of Nexus Investment Management’s portfolio.Marshwinds Advisory Co reduced its stake in CVX by selling 385 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 22,285 shares of CVX which is valued at $2,334,799. Chevron Corporation makes up approx 1.13% of Marshwinds Advisory Co’s portfolio.
Chevron Corporation closed down -0.45 points or -0.42% at $105.59 with 68,02,012 shares getting traded on Wednesday. Post opening the session at $105.93, the shares hit an intraday low of $105 and an intraday high of $106.13 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Chevron Corporation reported $-0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.16. The company had revenue of $23533.00 million for the quarter, compared to analysts expectations of $22735.35 million. The company’s revenue was down -31.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on Chevron Corporation. Company shares were Reiterated by Jefferies on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 114 from a previous price target of $110 .Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 104 from a previous price target of $90 .
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.