Published: Sun, January 14, 2018
Business | By Tara Barton

LLC Grows Position in Chevron Co. (CVX)

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First Quadrant LP decreased its stake in Chevron Corp (CVX) by 8.26% based on its latest 2017Q3 regulatory filing with the SEC. Exxonmobil Investment Management Inc sold 10,163 shares as American Express Co (AXP)'s stock declined 3.65%. The Symphony Asset Management Llc holds 18,398 shares with $2.16M value, up from 11,545 last quarter. The stock appeared $128.94 above its 52-week highs and is up 0.20% for the last five trades. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.99 by $0.04.

Chevron Corporation (NYSE:CVX) plunged -0.54% with the closing price of $127.84. It has underperformed by 6.99% the S&P500. The lowest target is $11.0 while the high is $18.0. $112.48's average target is -15.33% below currents $132.8471 stock price. The firm has "Neutral" rating by Wedbush given on Monday, February 6. Jefferies Group restated a "buy" rating and issued a $137.00 price target (up previously from $113.54) on shares of Chevron in a research report on Monday, October 30th. The firm has "Equal-Weight" rating by Barclays Capital given on Tuesday, October 10. The stock has "Buy" rating by Keefe Bruyette & Woods on Tuesday, June 13. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the stock in a transaction that occurred on Tuesday, November 7th. The rating was upgraded by Citigroup to "Buy" on Wednesday, December 2. Piper Jaffray initiated the stock with "Neutral" rating in Thursday, January 19 report.

Analysts await NextEra Energy, Inc. Institutional investors own 62.38% of the company's stock. Following the transaction, the insider now directly owns 1,229 shares in the company, valued at approximately $145,022. Lincoln National Corp now owns 82,502 shares of the oil and gas company's stock worth $8,859,000 after purchasing an additional 20,615 shares during the period. Andra Ap owns 123,000 shares or 0.06% of their U.S. portfolio. The fund owned 10,043 shares of the oil and gas company's stock after selling 16,001 shares during the quarter. The Connecticut-based P.A.W. Capital Corp has invested 3.08% in the stock. Harvest Cap, New Hampshire-based fund reported 3,056 shares. The stock increased 0.64% or $0.82 during the last trading session, reaching $128.66.

Destination Wealth Management increased Ishares Inc (IEMG) stake by 45,406 shares to 707,711 valued at $38.23 million in 2017Q3. It has underperformed by 41.12% the S&P500.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 27th. Chevron Co. The stock has a market capitalization of $244,340.00, a P/E ratio of 37.27, a PEG ratio of 2.97 and a beta of 1.21. First Washington CORP's holdings in Chevron Corporation were worth $103,000 at the end of the most recent quarter. Therefore 29% are positive. Chevron's revenue was up 20.1% compared to the same quarter last year. equities research analysts expect that Chevron Co. will post 4.35 earnings per share for the current fiscal year. The stock of Chevron Corporation (NYSE:CVX) has "Buy" rating given on Thursday, December 21 by Scotia Capital.

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Aew Capital Mgmt Limited Partnership accumulated 1.21 million shares. 91,110 are owned by Legal General Group Public Ltd Co. It improved, as 27 investors sold AVB shares while 128 reduced holdings. 23 funds opened positions while 52 raised stakes.

BMO this morning upgraded the energy giant to "outperform" from "market perform" and lifted its price target to $140 from $120, citing USA tax reform and higher oil prices as two reasons for the bullish note. Chevron Corporation earnings have declined with an annualized rate of -15.1% over the last 5 years. Twin Cap Inc holds 1.15% or 186,220 shares. (NYSE:NEE) earned "Buy" rating by RBC Capital Markets on Thursday, July 6. On Thursday, July 27 the stock rating was maintained by Cowen & Co with "Buy". Finally, Royal Bank of Canada set a $110.00 price objective on shares of Chevron and gave the company a "sell" rating in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock.

Investors sentiment increased to 1.24 in Q3 2017.

Chevron Corporation has a current ratio of 1, indicating whether the company's short-term assets (cash, cash equivalents, marketable securities, receivables and inventory) are readily obtainable to pay off its short-term liabilities. It is positive, as 47 investors sold AXP shares while 434 reduced holdings. 47 funds opened positions while 157 raised stakes. Investors of record on Friday, November 17th were given a dividend of $1.08 per share. Cushing Asset Mgmt Limited Partnership reported 0.15% stake. Financial Bank Of Montreal Can invested in 0.51% or 4.77 million shares. 258.00 million shares or 0.68% less from 259.77 million shares in 2017Q2 were reported.

Chevron (NYSE:CVX)'s stock was boosted to a solid Outperform by research professionals at BMO Capital. Nomura Asset Mgmt Limited accumulated 502,075 shares. Choate holds 40,590 shares. Grandfield & Dodd Limited Liability has invested 1.22% in Chevron Corporation (NYSE:CVX). Noting its average daily volume at 5.14 million shares each day over the month, this signifies a pretty significant change over the norm. Greatmark Investment Partners Inc. increased its stake in shares of Chevron Corporation by 0.5% in the third quarter. E&G Advsrs LP invested in 4,120 shares. Of the 24 analysts surveyed by Reuters that track CVX 9 of them rate its stock a hold.

Since August 1, 2017, it had 0 buys, and 4 sales for $11.07 million activity. Bush James Peter had sold 3,391 shares worth $322,145 on Thursday, October 26.

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