Chevron Corporation (CVX) : Lehman Financial Resources scooped up 110 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 34,383 shares of Chevron Corporation which is valued at $3,512,567.Chevron Corporation makes up approximately 1.76% of Lehman Financial Resources’s portfolio.
Other Hedge Funds, Including , United Services Automobile Association boosted its stake in CVX in the latest quarter, The investment management firm added 26,665 additional shares and now holds a total of 1,631,509 shares of Chevron Corporation which is valued at $166,674,959. Chevron Corporation makes up approx 0.57% of United Services Automobile Association’s portfolio.Norinchukin Bank The boosted its stake in CVX in the latest quarter, The investment management firm added 2,771 additional shares and now holds a total of 251,912 shares of Chevron Corporation which is valued at $25,543,877. Chevron Corporation makes up approx 0.60% of Norinchukin Bank The’s portfolio.Rathbone Brothers Plc reduced its stake in CVX by selling 490 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 130,656 shares of CVX which is valued at $13,145,300. Chevron Corporation makes up approx 0.71% of Rathbone Brothers Plc’s portfolio.Integrated Wealth Management reduced its stake in CVX by selling 2,024 shares or 4.09% in the most recent quarter. The Hedge Fund company now holds 47,412 shares of CVX which is valued at $4,770,121. Chevron Corporation makes up approx 1.81% of Integrated Wealth Management’s portfolio.Callahan Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 2,596 additional shares and now holds a total of 60,749 shares of Chevron Corporation which is valued at $6,212,193. Chevron Corporation makes up approx 1.60% of Callahan Advisors’s portfolio.
Chevron Corporation closed down -0.26 points or -0.26% at $101.68 with 49,29,677 shares getting traded on Tuesday. Post opening the session at $102.03, the shares hit an intraday low of $101.5 and an intraday high of $102.17 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.