Independent Portfolio Consultants buys $1,773,282 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Independent Portfolio Consultants scooped up 540 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 17,346 shares of Chevron Corporation which is valued at $1,773,282.Chevron Corporation makes up approximately 0.56% of Independent Portfolio Consultants’s portfolio.

Other Hedge Funds, Including , Indiana Trust Investment Management Co boosted its stake in CVX in the latest quarter, The investment management firm added 715 additional shares and now holds a total of 13,995 shares of Chevron Corporation which is valued at $1,430,709. Chevron Corporation makes up approx 0.75% of Indiana Trust Investment Management Co’s portfolio.Washington Trust Bank boosted its stake in CVX in the latest quarter, The investment management firm added 307 additional shares and now holds a total of 27,162 shares of Chevron Corporation which is valued at $2,776,771. Chevron Corporation makes up approx 0.67% of Washington Trust Bank’s portfolio.Eqis Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 884 additional shares and now holds a total of 4,925 shares of Chevron Corporation which is valued at $503,483. Chevron Corporation makes up approx 0.03% of Eqis Capital Management’s portfolio.West Oak Capital boosted its stake in CVX in the latest quarter, The investment management firm added 456 additional shares and now holds a total of 21,876 shares of Chevron Corporation which is valued at $2,236,383. Chevron Corporation makes up approx 1.55% of West Oak Capital’s portfolio.Lynch Associatesin boosted its stake in CVX in the latest quarter, The investment management firm added 2,008 additional shares and now holds a total of 42,382 shares of Chevron Corporation which is valued at $4,332,712. Chevron Corporation makes up approx 1.92% of Lynch Associatesin’s portfolio.

Chevron Corporation closed down -1.18 points or -1.15% at $101.27 with 65,05,363 shares getting traded on Tuesday. Post opening the session at $102.71, the shares hit an intraday low of $100.76 and an intraday high of $102.92 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 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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