Chevron Corporation (CVX) : Mcf Advisors scooped up 2,151 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 8,480 shares of Chevron Corporation which is valued at $866,317.Chevron Corporation makes up approximately 0.20% of Mcf Advisors’s portfolio.
Other Hedge Funds, Including , Advisor Partners boosted its stake in CVX in the latest quarter, The investment management firm added 1,352 additional shares and now holds a total of 30,869 shares of Chevron Corporation which is valued at $3,153,577. Chevron Corporation makes up approx 1.06% of Advisor Partners’s portfolio.Ironwood Investment Counsel reduced its stake in CVX by selling 5 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 13,423 shares of CVX which is valued at $1,371,294. Chevron Corporation makes up approx 0.78% of Ironwood Investment Counsel’s portfolio.Cypress Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 593 additional shares and now holds a total of 28,712 shares of Chevron Corporation which is valued at $2,885,843. Chevron Corporation makes up approx 0.93% of Cypress Capital Management’s portfolio.Jennison Associates boosted its stake in CVX in the latest quarter, The investment management firm added 3,217 additional shares and now holds a total of 1,044,099 shares of Chevron Corporation which is valued at $105,046,800. Chevron Corporation makes up approx 0.11% of Jennison Associates’s portfolio.Cue Financial Group reduced its stake in CVX by selling 31 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 6,213 shares of CVX which is valued at $662,616. Chevron Corporation makes up approx 0.55% of Cue Financial Group’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.