Pure Financial Advisors adds Chevron Corporation (CVX) to its portfolio

Chevron Corporation (CVX) : Pure Financial Advisors added new position in Chevron Corporation during the most recent quarter end. The investment management firm now holds 2,380 shares of Chevron Corporation which is valued at $243,403 , the company said in a statement filed on Oct 7, 2016 with the SEC.Chevron Corporation makes up approximately 0.08% of Pure Financial Advisors’s portfolio.

Other Hedge Funds, Including , Catawba Capital Management Va reduced its stake in CVX by selling 1,106 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 42,320 shares of CVX which is valued at $4,328,066. Chevron Corporation makes up approx 1.04% of Catawba Capital Management Va’s portfolio.Boltwood Capital Management reduced its stake in CVX by selling 65 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 36,530 shares of CVX which is valued at $3,734,462. Chevron Corporation makes up approx 3.01% of Boltwood Capital Management’s portfolio.Telemus Capital boosted its stake in CVX in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 7,511 shares of Chevron Corporation which is valued at $767,850. Chevron Corporation makes up approx 0.09% of Telemus 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.Cullinan Associates Inc boosted its stake in CVX in the latest quarter, The investment management firm added 2,545 additional shares and now holds a total of 100,348 shares of Chevron Corporation which is valued at $10,258,576. Chevron Corporation makes up approx 0.88% of Cullinan Associates Inc’s portfolio.

Chevron Corporation opened for trading at $102.5 and hit $103.47 on the upside on Friday, eventually ending the session at $102.27, with a gain of 0.09% or 0.09 points. The heightened volatility saw the trading volume jump to 58,44,492 shares. Company has a market cap of $192,934 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 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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