Webster Bank N. A. Lowers stake in Chevron Corporation (CVX)

Chevron Corporation (CVX) : Webster Bank N. A. reduced its stake in Chevron Corporation by 5.06% during the most recent quarter end. The investment management company now holds a total of 60,982 shares of Chevron Corporation which is valued at $6,164,061 after selling 3,248 shares in Chevron Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Chevron Corporation makes up approximately 0.91% of Webster Bank N. A.’s portfolio.

Other Hedge Funds, Including , Retirement Design Management Inc Adv added CVX to its portfolio by purchasing 2,229 company shares during the most recent quarter which is valued at $225,307. Chevron Corporation makes up approx 0.14% of Retirement Design Management Inc Adv’s portfolio. Weaver C. Barksdale Associates sold out all of its stake in CVX during the most recent quarter. The investment firm sold 7,928 shares of CVX which is valued $816,901.Grassi Investment Management reduced its stake in CVX by selling 592 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 80,489 shares of CVX which is valued at $8,293,587. Chevron Corporation makes up approx 1.60% of Grassi Investment Management’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in CVX by selling 931 shares or 6.98% in the most recent quarter. The Hedge Fund company now holds 12,412 shares of CVX which is valued at $1,268,879. Chevron Corporation makes up approx 0.71% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Boltwood Capital Management reduced its stake in CVX by selling 65 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 36,530 shares of CVX which is valued at $3,734,462. Chevron Corporation makes up approx 3.01% of Boltwood Capital Management’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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