New England Asset Management Inc buys $4,729,079 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : New England Asset Management Inc scooped up 2,800 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 44,367 shares of Chevron Corporation which is valued at $4,729,079.Chevron Corporation makes up approximately 0.15% of New England Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in CVX in the latest quarter, The investment management firm added 191,732 additional shares and now holds a total of 5,015,577 shares of Chevron Corporation which is valued at $534,610,352. Chevron Corporation makes up approx 0.80% of Parametric Portfolio Associates’s portfolio.Marathon Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 2,221 shares of Chevron Corporation which is valued at $239,402. Chevron Corporation makes up approx 0.12% of Marathon Capital Management’s portfolio.Schulhoff Co Inc boosted its stake in CVX in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 32,585 shares of Chevron Corporation which is valued at $3,297,276. Chevron Corporation makes up approx 2.07% of Schulhoff Co Inc’s portfolio.Valicenti Advisory Services Inc reduced its stake in CVX by selling 273 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 31,506 shares of CVX which is valued at $3,188,092. Chevron Corporation makes up approx 2.13% of Valicenti Advisory Services Inc’s portfolio.Rkl Wealth Management boosted its stake in CVX in the latest quarter, The investment management firm added 3,411 additional shares and now holds a total of 59,111 shares of Chevron Corporation which is valued at $6,021,638. Chevron Corporation makes up approx 3.10% of Rkl Wealth Management’s portfolio.

Chevron Corporation opened for trading at $108.57 and hit $109.67 on the upside on Monday, eventually ending the session at $109.2, with a gain of 1.00% or 1.08 points. The heightened volatility saw the trading volume jump to 68,15,483 shares. Company has a market cap of $206,144 M.

On the company’s financial health, Chevron Corporation reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $0.39. The company had revenue of $30140.00 million for the quarter, compared to analysts expectations of $30578.37 million. The company’s revenue was down -12.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.09 EPS.

Many Wall Street Analysts have commented on Chevron Corporation. Chevron Corporation was Upgraded by CLSA to ” Buy” on Nov 15, 2016. Chevron Corporation was Upgraded by Morgan Stanley to ” Overweight” on Nov 1, 2016. Chevron Corporation was Upgraded by Goldman to ” Buy” on Oct 31, 2016.

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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