Spirit Of America Management Corpny buys $768,208 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Spirit Of America Management Corpny scooped up 1,000 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 7,600 shares of Chevron Corporation which is valued at $768,208.Chevron Corporation makes up approximately 0.10% of Spirit Of America Management Corpny’s portfolio.

Other Hedge Funds, Including , Gierl Augustine Investment Management Inc boosted its stake in CVX in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 852 shares of Chevron Corporation which is valued at $86,120. Chevron Corporation makes up approx 0.08% of Gierl Augustine Investment Management Inc’s portfolio.W.g. Shaheen Associates Dba Whitney Co boosted its stake in CVX in the latest quarter, The investment management firm added 684 additional shares and now holds a total of 17,113 shares of Chevron Corporation which is valued at $1,724,819. Chevron Corporation makes up approx 0.70% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Raymond James Trust N.a. boosted its stake in CVX in the latest quarter, The investment management firm added 3,680 additional shares and now holds a total of 133,037 shares of Chevron Corporation which is valued at $13,833,187. Chevron Corporation makes up approx 1.20% of Raymond James Trust N.a.’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.Chevy Chase Trust Holdings reduced its stake in CVX by selling 38,695 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 1,605,936 shares of CVX which is valued at $164,174,837. Chevron Corporation makes up approx 0.90% of Chevy Chase Trust Holdings’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 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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