Chevron Corporation (CVX) : Vigilant Capital Management reduced its stake in Chevron Corporation by 1.04% during the most recent quarter end. The investment management company now holds a total of 5,535 shares of Chevron Corporation which is valued at $559,478 after selling 58 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Chevron Corporation makes up approximately 0.10% of Vigilant Capital Management’s portfolio.
Other Hedge Funds, Including , Pennsylvania Trust Co reduced its stake in CVX by selling 7,518 shares or 4.4% in the most recent quarter. The Hedge Fund company now holds 163,323 shares of CVX which is valued at $16,508,689. Chevron Corporation makes up approx 1.35% of Pennsylvania Trust Co’s portfolio.Verus Financial Partners boosted its stake in CVX in the latest quarter, The investment management firm added 355 additional shares and now holds a total of 2,304 shares of Chevron Corporation which is valued at $232,220. Chevron Corporation makes up approx 0.10% of Verus Financial Partners’s portfolio.Private Asset Management Inc reduced its stake in CVX by selling 5,534 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 199,238 shares of CVX which is valued at $20,368,101. Chevron Corporation makes up approx 3.44% of Private Asset Management Inc’s portfolio.First American Trust Fsb reduced its stake in CVX by selling 607 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 42,777 shares of CVX which is valued at $4,373,093. Chevron Corporation makes up approx 1.37% of First American Trust Fsb’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.