Stonebridge Capital Management Inc buys $8,737,052 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Stonebridge Capital Management Inc scooped up 1,385 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 86,437 shares of Chevron Corporation which is valued at $8,737,052.Chevron Corporation makes up approximately 3.83% of Stonebridge Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Bennicas Associates reduced its stake in CVX by selling 2,500 shares or 13.59% in the most recent quarter. The Hedge Fund company now holds 15,897 shares of CVX which is valued at $1,606,869. Chevron Corporation makes up approx 1.52% of Bennicas Associates’s portfolio.Howland Capital Management reduced its stake in CVX by selling 2,215 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 79,084 shares of CVX which is valued at $7,970,876. Chevron Corporation makes up approx 0.76% of Howland Capital Management’s portfolio.One Capital Management boosted its stake in CVX in the latest quarter, The investment management firm added 233 additional shares and now holds a total of 21,305 shares of Chevron Corporation which is valued at $2,195,267. Chevron Corporation makes up approx 0.74% of One Capital Management’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in CVX by selling 5,717 shares or 6.69% in the most recent quarter. The Hedge Fund company now holds 79,759 shares of CVX which is valued at $8,218,367. Chevron Corporation makes up approx 1.60% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Gradient Investments boosted its stake in CVX in the latest quarter, The investment management firm added 3,706 additional shares and now holds a total of 55,477 shares of Chevron Corporation which is valued at $5,768,498. Chevron Corporation makes up approx 0.57% of Gradient Investments’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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