Chevron Corporation (CVX) : Schmidt P J Investment Management Inc scooped up 261 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 57,557 shares of Chevron Corporation which is valued at $5,824,768.Chevron Corporation makes up approximately 2.13% of Schmidt P J Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Private Advisor Group boosted its stake in CVX in the latest quarter, The investment management firm added 16,583 additional shares and now holds a total of 114,462 shares of Chevron Corporation which is valued at $11,583,554. Chevron Corporation makes up approx 0.46% of Private Advisor Group’s portfolio.Quadrant Capital Group reduced its stake in CVX by selling 223 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 8,257 shares of CVX which is valued at $846,177. Chevron Corporation makes up approx 0.54% of Quadrant Capital Group’s portfolio.Security National Trust Co reduced its stake in CVX by selling 99 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 36,668 shares of CVX which is valued at $3,874,341. Chevron Corporation makes up approx 1.38% of Security National Trust Co’s portfolio.James Investment Research Inc reduced its stake in CVX by selling 8,675 shares or 5.2% in the most recent quarter. The Hedge Fund company now holds 158,152 shares of CVX which is valued at $16,778,346. Chevron Corporation makes up approx 0.41% of James Investment Research Inc’s portfolio.Warren Averett Asset Management boosted its stake in CVX in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 16,117 shares of Chevron Corporation which is valued at $1,718,878. Chevron Corporation makes up approx 0.77% of Warren Averett Asset Management’s portfolio.
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.