Chevron Corporation (CVX) : Wilsey Asset Management Inc scooped up 9,349 additional shares in Chevron Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 23,757 shares of Chevron Corporation which is valued at $2,470,253.Chevron Corporation makes up approximately 1.88% of Wilsey Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Macnealy Hoover Investment Management Inc reduced its stake in CVX by selling 948 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 37,350 shares of CVX which is valued at $3,883,653. Chevron Corporation makes up approx 0.73% of Macnealy Hoover Investment Management Inc’s portfolio.First Mercantile Trust Co reduced its stake in CVX by selling 3,230 shares or 15.73% in the most recent quarter. The Hedge Fund company now holds 17,301 shares of CVX which is valued at $1,769,373. Chevron Corporation makes up approx 0.24% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CVX in the latest quarter, The investment management firm added 58,481 additional shares and now holds a total of 1,020,674 shares of Chevron Corporation which is valued at $104,343,503. Chevron Corporation makes up approx 0.43% of Bnp Paribas Arbitrage Sa’s portfolio.Burns J W Co Incny boosted its stake in CVX in the latest quarter, The investment management firm added 548 additional shares and now holds a total of 62,005 shares of Chevron Corporation which is valued at $6,338,771. Chevron Corporation makes up approx 1.96% of Burns J W Co Incny’s portfolio.Telemus Capital boosted its stake in CVX in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 7,511 shares of Chevron Corporation which is valued at $767,850. Chevron Corporation makes up approx 0.09% of Telemus Capital’s portfolio.
Chevron Corporation closed down -0.94 points or -0.90% at $103.04 with 53,37,338 shares getting traded on Tuesday. Post opening the session at $103.78, the shares hit an intraday low of $102.68 and an intraday high of $104.1 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.