Chevron Corporation (CVX) Shares Bought by First Trust Advisors LP

Marco Green
November 19, 2017

The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron Corporation now has $217.88 billion valuation.

Shares of Chevron Corporation (NYSE:CVX) traded up $0.14 during midday trading on Friday, reaching $114.71. New Capital Management LP now owns 1,455 shares of the oil and gas company's stock worth $156,000 after buying an additional 4 shares during the last quarter. Chevron Corporation (NYSE:CVX) has risen 6.68% since November 19, 2016 and is uptrending. It has underperformed by 10.02% the S&P500. The Point72 Asia Hong Kong Ltd holds 2,282 shares with $375,000 value, up from 221 last quarter. The stock increased 0.16% or $0.26 on November 17, reaching $167.74. About 36.97M shares traded.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: "Chevron: Risk Is High Going Into Earnings" on October 25, 2017, also Seekingalpha.com with their article: "Chevron: Q3 Earnings Preview" published on October 23, 2017, Nasdaq.com published: "Chevron Corporation (CVX) Ex-Dividend Date Scheduled for November 16, 2017" on November 15, 2017. It has underperformed by 13.17% the S&P500. Buckingham Asset Management Llc who had been investing in At&T Inc for a number of months, seems to be bullish on the $211.86 billion market cap company. $129,974 worth of McKesson Corporation (NYSE:MCK) shares were sold by Lampert Erin M. Also, VP R. Hewitt Pate sold 25,500 shares of the firm's stock in a transaction on Monday, October 16th. Prudential Public Limited Liability has invested 0.99% in Chevron Corporation (NYSE:CVX). The rating was downgraded by Raymond James to "Market Perform" on Tuesday, March 22. As per Tuesday, January 3, the company rating was downgraded by Mizuho. The stock of Home Depot Inc (NYSE:HD) has "Hold" rating given on Wednesday, November 18 by Cantor Fitzgerald. The company was maintained on Thursday, October 26 by Barclays Capital. Piper Jaffray Companies reiterated a "buy" rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. The rating was initiated by UBS with "Neutral" on Thursday, October 6. Reliance Of Delaware stated it has 0.86% in AT&T Inc. AlphaOne also assigned media stories about the oil and gas company an impact score of 81 out of 100, indicating that recent press coverage is very likely to have an impact on the stock's share price in the near term. Philip Morris Intl Inc (NYSE:PM) was reduced too.

Investors sentiment increased to 0.95 in Q2 2017. Its up 0.11, from 1.13 in 2017Q1.

Several hedge funds have recently bought and sold shares of CVX. 43 funds opened positions while 117 raised stakes. Cornerstone Cap Limited Liability Com holds 0.5% or 605,678 shares. Halsey Associates Incorporated Ct holds 8,121 shares. Insiders own 0.38% of the company's stock. The Massachusetts-based North American Mngmt has invested 0.21% in Home Depot Inc (NYSE:HD). Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. Rr Advisors Llc, a Texas-based fund reported 468,000 shares. Hightower Advsrs Ltd Liability Co stated it has 0.02% of its portfolio in McKesson Corporation (NYSE:MCK). Century reported 0.02% stake.

Buckingham Asset Management Llc, which manages about $6.11B and $425.74M US Long portfolio, decreased its stake in Ishares Tr (IJS) by 9,249 shares to 2,892 shares, valued at $404,000 in 2017Q2, according to the filing. Bremer Association reported 18,797 shares.

Investors sentiment increased to 1.03 in 2017 Q2. Its up 0.06, from 0.97 in 2017Q1. Capital World Investors now owns 35,546,848 shares of the oil and gas company's stock valued at $3,708,603,000 after acquiring an additional 3,182,250 shares during the period. 68,762 were reported by Acadian Asset Llc. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/19/chevron-corporation-cvx-stock-rating-upgraded-by-zacks-investment-research.html. Finally, Regis Management CO LLC grew its holdings in shares of Chevron Corporation by 0.4% in the second quarter. Altavista Wealth Mngmt owns 6,355 shares or 0.33% of their United States portfolio. AT&T Inc. (NYSE:T) has declined 0.52% since November 19, 2016 and is downtrending. Lifeplan Fin holds 0.15% or 2,087 shares in its portfolio. Bridgeway Cap Mngmt invested in 130,753 shares or 0.16% of the stock. Northwest Counselors Ltd Llc invested in 0.8% or 16,885 shares. Sheets Smith Wealth Mgmt owns 17,721 shares for 0.49% of their portfolio. First Citizens Bankshares And Tru accumulated 73,615 shares or 0.99% of the stock. Rosenblum Silverman Sutton S F Incorporated Ca holds 0.55% in Chevron Corporation (NYSE:CVX) or 13,251 shares. Bedell Frazier Investment Counseling Ltd Llc holds 2.65% or 69,685 shares in its portfolio. New York State Teachers Retirement System has invested 0.87% of its portfolio in Chevron Corporation (NYSE:CVX). 220,372 are held by Utah Retirement. Blb&B Advisors Limited Company invested 1.32% in Chevron Corporation (NYSE:CVX). Therefore 47% are positive. Chevron Corporation had 92 analyst reports since August 4, 2015 according to SRatingsIntel. The company was initiated on Friday, March 18 by Nomura. The rating was maintained by Jefferies on Monday, July 11 with "Buy". Finally, Bank of America Corp upgraded Chevron from a "neutral" rating to a "buy" rating in a report on Wednesday, January 4th. Breithorn Mngmt reported 0.22% of its portfolio in Chevron Corporation (NYSE:CVX). Credit Suisse maintained the shares of CVX in report on Monday, November 2 with "Neutral" rating.

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