Chevron Corporation (CVX) : Mcmillion Capital Management Inc reduced its stake in Chevron Corporation by 3.37% during the most recent quarter end. The investment management company now holds a total of 33,580 shares of Chevron Corporation which is valued at $3,398,296 after selling 1,170 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Chevron Corporation makes up approximately 2.52% of Mcmillion Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Beacon Investment Advisory Services boosted its stake in CVX in the latest quarter, The investment management firm added 34,023 additional shares and now holds a total of 37,721 shares of Chevron Corporation which is valued at $3,824,909. Chevron Corporation makes up approx 0.10% of Beacon Investment Advisory Services’s portfolio.Flippin Bruce Porter Inc boosted its stake in CVX in the latest quarter, The investment management firm added 3,916 additional shares and now holds a total of 72,427 shares of Chevron Corporation which is valued at $7,344,098. Chevron Corporation makes up approx 2.06% of Flippin Bruce Porter Inc’s portfolio.Bingham Osborn Scarborough reduced its stake in CVX by selling 26 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 24,256 shares of CVX which is valued at $2,437,971. Chevron Corporation makes up approx 0.27% of Bingham Osborn Scarborough’s portfolio.Dividend Assets Capital reduced its stake in CVX by selling 66 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 12,259 shares of CVX which is valued at $1,253,605. Chevron Corporation makes up approx 0.04% of Dividend Assets Capital’s portfolio. Maple Securities Usa Inc sold out all of its stake in CVX during the most recent quarter. The investment firm sold 37,004 shares of CVX which is valued $3,946,477.
Chevron Corporation opened for trading at $101.5 and hit $102.3 on the upside on Wednesday, eventually ending the session at $102.22, with a gain of 0.66% or 0.67 points. The heightened volatility saw the trading volume jump to 53,11,568 shares. Company has a market cap of $192,840 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.