Wealthsource Partners buys $2,215,793 stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Wealthsource Partners scooped up 2,125 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 21,852 shares of Chevron Corporation which is valued at $2,215,793.Chevron Corporation makes up approximately 0.80% of Wealthsource Partners’s portfolio.

Other Hedge Funds, Including , Interocean Capital reduced its stake in CVX by selling 10,088 shares or 26.46% in the most recent quarter. The Hedge Fund company now holds 28,042 shares of CVX which is valued at $2,818,501. Chevron Corporation makes up approx 0.66% of Interocean Capital’s portfolio.Burt Wealth Advisors reduced its stake in CVX by selling 439 shares or 14.46% in the most recent quarter. The Hedge Fund company now holds 2,598 shares of CVX which is valued at $274,505. Chevron Corporation makes up approx 0.24% of Burt Wealth Advisors’s portfolio.

Chevron Corporation opened for trading at $102.61 and hit $103.06 on the upside on Monday, eventually ending the session at $102.77, with a gain of 0.60% or 0.61 points. The heightened volatility saw the trading volume jump to 48,86,280 shares. Company has a market cap of $193,878 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.

Investors should note that on Jul 27, 2016, Chevron Corporation announced a cash dividend of $1.0700. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 12, 2016.

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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