Chevron Corporation (CVX) : Westport Resources Management Inc scooped up 1,226 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 35,530 shares of Chevron Corporation which is valued at $3,629,745.Chevron Corporation makes up approximately 1.13% of Westport Resources Management Inc’s portfolio.
Other Hedge Funds, Including , Trexquant Investment Lp sold out all of its stake in CVX during the most recent quarter. The investment firm sold 18,700 shares of CVX which is valued $1,910,392.Nippon Life Global Investors Americas reduced its stake in CVX by selling 84,010 shares or 54.58% in the most recent quarter. The Hedge Fund company now holds 69,920 shares of CVX which is valued at $7,089,888. Chevron Corporation makes up approx 0.65% of Nippon Life Global Investors Americas’s portfolio.Moors Cabot boosted its stake in CVX in the latest quarter, The investment management firm added 505 additional shares and now holds a total of 60,045 shares of Chevron Corporation which is valued at $6,088,563. Chevron Corporation makes up approx 1.04% of Moors Cabot’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in CVX by selling 560 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 255,761 shares of CVX which is valued at $26,154,120. Chevron Corporation makes up approx 0.66% of Candriam Luxembourg S.c.a.’s portfolio.Adams Asset Advisors boosted its stake in CVX in the latest quarter, The investment management firm added 4,401 additional shares and now holds a total of 88,700 shares of Chevron Corporation which is valued at $9,365,833. Chevron Corporation makes up approx 1.56% of Adams Asset Advisors’s portfolio.
Chevron Corporation closed down -1.23 points or -1.19% at $102.32 with 50,57,240 shares getting traded on Friday. Post opening the session at $103.07, the shares hit an intraday low of $102.12 and an intraday high of $103.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.