Chevron Corporation (CVX) : Blb&b Advisors scooped up 1,860 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 70,979 shares of Chevron Corporation which is valued at $7,494,673.Chevron Corporation makes up approximately 1.37% of Blb&b Advisors’s portfolio.
Other Hedge Funds, Including , Capital One National Association boosted its stake in CVX in the latest quarter, The investment management firm added 163 additional shares and now holds a total of 127,743 shares of Chevron Corporation which is valued at $13,488,383. Chevron Corporation makes up approx 1.08% of Capital One National Association’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in CVX by selling 475 shares or 3.44% in the most recent quarter. The Hedge Fund company now holds 13,343 shares of CVX which is valued at $1,408,887. Chevron Corporation makes up approx 0.78% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Warren Averett Asset Management boosted its stake in CVX in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 16,117 shares of Chevron Corporation which is valued at $1,718,878. Chevron Corporation makes up approx 0.77% of Warren Averett Asset Management’s portfolio.Forte Capital Adv reduced its stake in CVX by selling 95 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 6,334 shares of CVX which is valued at $675,521. Chevron Corporation makes up approx 0.25% of Forte Capital Adv’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in CVX by selling 2,311 shares or 3.19% in the most recent quarter. The Hedge Fund company now holds 70,054 shares of CVX which is valued at $7,471,259. Chevron Corporation makes up approx 0.17% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’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.