Chevron Corporation (CVX) : Reliance Trust Co Of Delaware scooped up 33,577 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 148,166 shares of Chevron Corporation which is valued at $14,976,619.Chevron Corporation makes up approximately 1.37% of Reliance Trust Co Of Delaware’s portfolio.
Other Hedge Funds, Including , Elm Advisors reduced its stake in CVX by selling 75 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 6,150 shares of CVX which is valued at $633,696. Chevron Corporation makes up approx 0.60% of Elm Advisors’s portfolio.Wilsey Asset Management Inc boosted its stake in CVX in the latest quarter, The investment management firm added 9,349 additional shares and now holds a total of 23,757 shares of Chevron Corporation which is valued at $2,470,253. Chevron Corporation makes up approx 1.88% of Wilsey Asset Management Inc’s portfolio.
Chevron Corporation opened for trading at $101.48 and hit $101.96 on the upside on Friday, eventually ending the session at $101.08, with a gain of 0.29% or 0.29 points. The heightened volatility saw the trading volume jump to 51,14,718 shares. Company has a market cap of $190,689 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.