Digging Up the Facts on Chevron Corporation (CVX)

Marco Green
March 19, 2018

Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company's stock worth $159,000 after buying an additional 502 shares during the last quarter. Hyman Charles D who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $220.44B market cap company. The stock decreased 0.38% or $0.2874 during the last trading session, reaching $74.7626. Voya Inv Limited Liability holds 2.02 million shares or 0.51% of its portfolio. Visa Inc. (NYSE:V) has risen 20.29% since March 19, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Lafleur & Godfrey Llc increased its stake in Chevrontexaco Corp (CVX) by 19.57% based on its latest 2017Q3 regulatory filing with the SEC. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company's stock worth $146,000 after buying an additional 800 shares during the last quarter. The institutional investor held 85,325 shares of the integrated oil company at the end of 2017Q3, valued at $10.03 million, down from 88,174 at the end of the previous reported quarter. The stock decreased 1.15% or $1.33 during the last trading session, reaching $114.07. Commonwealth Fincl Bank Of Australia holds 1.16% of its portfolio in Chevron Corporation (NYSE:CVX) for 1.01M shares.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, February 2nd. It has underperformed by 10.02% the S&P500. Investors saw a negative move of -1.55% in last five trading days. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. 69 funds opened positions while 172 raised stakes. 304.48 million shares or 2.26% less from 311.53 million shares in 2017Q2 were reported. Mountain Capital Investment Advisors Inc bought a new stake in shares of Chevron in the 2nd quarter worth approximately $160,000. First Merchants holds 0.63% or 22,324 shares. Ronna Sue Cohen holds 0.43% or 4,752 shares. Boys Arnold holds 1.17% or 62,244 shares. Wetherby Asset Management has invested 0.02% of its portfolio in Sprint Corporation (NYSE:S). Dearborn Partners Limited Liability invested in 2,515 shares. Ifc Fl holds 2,771 shares. 277,809 were reported by Clarivest Asset Mngmt Limited Liability. Macquarie Grp Ltd holds 3.20M shares. State Of Wisconsin Investment Board stated it has 562,970 shares or 0.11% of all its holdings. Nippon Life Insurance holds 0.14% or 63,470 shares. Bridgewater Assocs LP invested in 0.02% or 16,937 shares. Paragon Cap Ltd reported 11,398 shares. Td Asset Mngmt owns 1.29 million shares. (NASDAQ:AMAT) was sold by Nalamasu Omkaram. Vachris Roland Michael sold $977,510 worth of stock. Petroleum & Resources Corp sold 51,500 shares as Chevron Corp. Finally, HSBC cut Chevron from a "buy" rating to a "hold" rating in a research note on Thursday, January 18th. Analyst's mean target price for Chevron Corporation is $135.26. CLSA upgraded the stock to "Buy" rating in Tuesday, November 15 report. Robert W. Baird maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Thursday, August 31. The company presently has a consensus rating of "Buy" and a consensus target price of $130.00. Barclays Capital maintained the stock with "Overweight" rating in Thursday, October 29 report. The firm has "Neutral" rating by Nomura given on Friday, October 16. The firm earned "Overweight" rating on Friday, August 18 by KeyBanc Capital Markets. On Wednesday, January 24 the stock rating was maintained by Bank of America with "Buy".

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It is positive, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. The New Jersey-based Caxton Assoc Limited Partnership has invested 3.67% in Chevron Corporation (NYSE:CVX). Edgar Lomax Company Va reported 73,715 shares stake. During the same quarter in the prior year, the company posted $0.22 earnings per share.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27. Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. Lakeview Cap Limited Liability holds 0.84% of its portfolio in Chevron Corporation (NYSE:CVX) for 8,928 shares. Pictet Cie (Europe) Sa stated it has 10,721 shares. $3.06M worth of Chevron Corporation (NYSE:CVX) was sold by Pate R. Hewitt. Keybank Natl Association Oh stated it has 800,331 shares or 0.56% of all its holdings. 2,156 were reported by Diker Management Llc. As Chevron Corporation has a P/S, P/E and P/B values of 1.58, 30.51 and 1.47 respectively. Private Advisor Group Inc Ltd Liability Corporation has invested 0.2% in Amgen Inc.

Among 15 analysts covering Enbridge Inc. Therefore 57% are positive. Chevron Corporation had 118 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Buy" rating by Wells Fargo given on Tuesday, February 6. The firm has "Sector Outperform" rating given on Monday, December 14 by Howard Weil. The rating was maintained by RBC Capital Markets with "Hold" on Friday, March 24. The rating was maintained by JP Morgan with "Neutral" on Thursday, January 25. The company was maintained on Friday, February 2 by Robert W. Baird. As per Wednesday, December 16, the company rating was initiated by UBS. Goldman Sachs upgraded the stock to "Neutral" rating in Friday, March 11 report.

Rothschild Investment Corp, which manages about $1.10 billion and $883.36 million US Long portfolio, decreased its stake in Apple Computer Inc (NASDAQ:AAPL) by 9,069 shares to 200,997 shares, valued at $30.98 million in 2017Q3, according to the filing. It also increased its holding in Sabra Health Care Reit Inc Com (NASDAQ:SBRA) by 264,195 shares in the quarter, for a total of 407,773 shares, and has risen its stake in Sba Communications Corp Class. CVX's profit will be $2.90 billion for 18.72 P/E if the $1.52 EPS becomes a reality.

Other reports by Click Lancashire

Discuss This Article