Chevron Corporation (CVX) : Cohen Capital Management scooped up 950 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 44,402 shares of Chevron Corporation which is valued at $4,475,278.Chevron Corporation makes up approximately 1.34% of Cohen Capital Management’s portfolio.
Other Hedge Funds, Including , Wealthcare Capital Management reduced its stake in CVX by selling 100 shares or 8.21% in the most recent quarter. The Hedge Fund company now holds 1,118 shares of CVX which is valued at $112,683. Chevron Corporation makes up approx 0.01% of Wealthcare Capital Management’s portfolio.Bristlecone Advisors reduced its stake in CVX by selling 200 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 9,088 shares of CVX which is valued at $936,428. Chevron Corporation makes up approx 0.34% of Bristlecone Advisors’s portfolio.Grassi Investment Management reduced its stake in CVX by selling 592 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 80,489 shares of CVX which is valued at $8,293,587. Chevron Corporation makes up approx 1.60% of Grassi Investment Management’s portfolio.Central Bank Trust Co boosted its stake in CVX in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 3,260 shares of Chevron Corporation which is valued at $333,400. Chevron Corporation makes up approx 0.09% of Central Bank Trust Co’s portfolio.Chevy Chase Trust Holdings reduced its stake in CVX by selling 38,695 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 1,605,936 shares of CVX which is valued at $164,174,837. Chevron Corporation makes up approx 0.90% of Chevy Chase Trust Holdings’s portfolio.
Chevron Corporation closed down -0.94 points or -0.90% at $103.04 with 53,37,338 shares getting traded on Tuesday. Post opening the session at $103.78, the shares hit an intraday low of $102.68 and an intraday high of $104.1 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
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 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.