Chevron Corporation (CVX) : Eastern Bank reduced its stake in Chevron Corporation by 13.56% during the most recent quarter end. The investment management company now holds a total of 192,013 shares of Chevron Corporation which is valued at $19,408,674 after selling 30,121 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Chevron Corporation makes up approximately 1.58% of Eastern Bank’s portfolio.
Other Hedge Funds, Including , Chesley Taft Associates reduced its stake in CVX by selling 926 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 53,909 shares of CVX which is valued at $5,449,122. Chevron Corporation makes up approx 0.56% of Chesley Taft Associates’s portfolio.Stock Yards Bank Trust Co reduced its stake in CVX by selling 3,824 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 175,952 shares of CVX which is valued at $17,785,228. Chevron Corporation makes up approx 2.46% of Stock Yards Bank Trust Co’s portfolio.Investment Management Of Virginia reduced its stake in CVX by selling 594 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 32,672 shares of CVX which is valued at $3,293,011. Chevron Corporation makes up approx 0.83% of Investment Management Of Virginia’s portfolio.Centurylink Investment Management Co boosted its stake in CVX in the latest quarter, The investment management firm added 1,163 additional shares and now holds a total of 12,652 shares of Chevron Corporation which is valued at $1,303,662. Chevron Corporation makes up approx 0.45% of Centurylink Investment Management Co’s portfolio.
Chevron Corporation opened for trading at $101.48 and hit $101.96 on the upside on Friday, eventually ending the session at $101.08, with a gain of 0.29% or 0.29 points. The heightened volatility saw the trading volume jump to 51,14,718 shares. Company has a market cap of $190,689 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 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.