BidaskClub Downgrades Chevron Corporation (CVX) to Strong Sell

Henrietta Strickland
July 17, 2017

Shares of Chevron Corporation (CVX) stock exchanged 3.59 million shares with Friday change of 0.30%. The Schnieders Capital Management Llc holds 47,846 shares with $5.63M value, up from 36,968 last quarter. Chevron Corp Com now has $198.46 billion valuation.

Shares of Chevron Corporation (NYSE CVX) traded up 0.30% on Friday, reaching $104.44. Chilton Invest Limited Liability holds 0.01% of its portfolio in Chevron Corporation (NYSE:CVX) for 2,622 shares. It has underperformed by 10.02% the S&P500. The stock rose 0.24% or $0.49 reaching $208.98 per share. Domtar Corp (USA) (NYSE:UFS) has declined 0.68% since July 14, 2016 and is downtrending. It has underperformed by 16.70% the S&P500.

Investors sentiment decreased to 0.99 in Q4 2016. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.56. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/07/16/chevron-corporation-cvx-shares-sold-by-hartford-financial-management-inc-updated-updated.html. Middleton & Co Inc MA raised its stake in shares of Chevron Corporation by 7.7% in the first quarter. Idaho-based Selway Asset has invested 0.87% in Chevron Corporation (NYSE:CVX). Courier Capital LLC's holdings in Chevron Corporation were worth $2,733,000 at the end of the most recent reporting period. Cambridge holds 0.06% or 21,323 shares in its portfolio. Blackrock Invest Management Ltd Liability Com stated it has 71,665 shares or 0% of all its holdings. Tiedemann Wealth Mgmt Limited Liability Corp owns 22,923 shares or 0.27% of their United States portfolio. Ray Gerald L Limited has 0.68% invested in Chevron Corporation (NYSE:CVX). Reynders Mcveigh Capital Ltd Limited Liability Company holds 21,430 shares. Norinchukin Commercial Bank The owns 0% invested in Domtar Corp (USA) (NYSE:UFS) for 5,200 shares.

Paradigm Capital Management Inc Ny holds 2.72% of its portfolio in Citi Trends, Inc. for 1.49 million shares. BidaskClub upgraded shares of Chevron Corporation from a "strong sell" rating to a "sell" rating in a research report on Tuesday, June 13th. Veritable Limited Partnership has 0.7% invested in Chevron Corporation (NYSE:CVX). During the same period in the prior year, the firm earned ($0.39) earnings per share. It also reduced Foot Locker Inc (NYSE:FL) stake by 1.52M shares and now owns 2.46 million shares.

Among 3 analysts covering Zix Corp (NASDAQ:ZIXI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 69% are positive. On average, analysts expect that Chevron Corporation will post $4.20 earnings per share for the current year. The rating was maintained by Barclays Capital on Monday, October 12 with "Equal-Weight". Simmons decreased their price objective on Chevron Corporation from $129.00 to $124.00 and set an "overweight" rating for the company in a report on Wednesday, April 19th. The rating was maintained by Jefferies with "Buy" on Friday, June 23. The stock has "Outperform" rating by Wolfe Research on Wednesday, March 9. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company's stock worth $146,000 after buying an additional 1,140 shares during the period. Nippon Life Global Invsts Americas Incorporated stated it has 1.59% of its portfolio in Chevron Corporation (NYSE:CVX). The stock of Domtar Corp (USA) (NYSE:UFS) earned "Hold" rating by TD Securities on Monday, May 1. Finally, Wells Fargo & Company reiterated a "market perform" rating and set a $100.00 target price (down previously from $107.00) on shares of Chevron Corporation in a research note on Thursday, July 6th.

Since February 2, 2017, it had 0 insider buys, and 2 insider sales for $18.82 million activity. Breber Pierre R sold 45,000 shares worth $5.03M. $13.79 million worth of Chevron Corporation (NYSE:CVX) was sold by WATSON JOHN S. (NASDAQ:MBTF) to report $0.00 EPS on July, 27. Goldman Sachs Grp Inc Inc reported 316,861 shares.

Other institutional investors have also added to or reduced their stakes in the company. MILLER MICHAEL JAMES had bought 2,117 shares worth $22,652. The rating was downgraded by HSBC to "Hold" on Tuesday, January 10. Its down 0.16, from 0.95 in 2016Q3.

Investors sentiment increased to 2.17 in Q4 2016. The SI to Kcap Financial Incorporated's float is 0.13%. The stock has "Overweight" rating by PiperJaffray on Tuesday, August 9. Pr Herzig And accumulated 4,650 shares or 0.8% of the stock. The company has market cap of $125.62 million. Amg Funds Ltd, a Connecticut-based fund reported 11,772 shares. Perritt Cap Mgmt has 1.22% invested in Zix Corporation (NASDAQ:ZIXI). 129,118 are held by Clarivest Asset Limited Liability Corp. The Pennsylvania-based Clark Capital Mgmt Group Inc has invested 1.52% in Chevron Corporation (NYSE:CVX). More interesting news about Chevron Corporation (NYSE:CVX) were released by: Finance.Yahoo.com and their article: "Chevron (CVX) Sells Gulf of Mexico Oil Fields to Cantium" published on July 10, 2017 as well as Seekingalpha.com's news article titled: "Chevron: Fasten Your Seat Belts" with publication date: July 09, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER