HSBC Boosts Rating On Chevron Corporation (CVX) To "Buy"

Marco Green
June 6, 2017

Moreover, South State Corp has 1.03% invested in Chevron Corporation (NYSE:CVX) for 60,691 shares. During the trading on 06/02/2017, Company's stock ranged from $103.94 to $102.77. About 4,045 shares traded.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, April 28th. It has underperformed by 10.02% the S&P500. On Monday, May 2 the stock rating was maintained by UBS with "Neutral". Therefore 33% are positive.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on July, 27 after the close. As per Friday, March 18, the company rating was maintained by Goldman Sachs. The stock of Student Transportation Inc (NASDAQ:STB) earned "Market Perform" rating by BMO Capital Markets on Monday, August 10. Net profit margin of the company was recorded at 2.5 percent, operating profit margin was -0.2 percent, whereas gross profit margin stands at 38.9 percent.

Since December 8, 2016, it had 0 insider purchases, and 3 selling transactions for $19.97 million activity. $5.03M worth of Chevron Corporation (NYSE:CVX) was sold by Breber Pierre R. Macquarie Research upgraded the stock to "Outperform" rating in Thursday, December 15 report.

It is down 0.87% since June 5, 2016 and is downtrending. For the most recent quarter, quick ratio was 0.8, current ratio was 1, LT Debt/Equity ratio was 0.25 and Total Debt/Equity ratio was 0.31. It dropped, as 55 investors sold CVX shares while 689 reduced holdings. State Street Corp raised its position in Chevron by 3.3% in the fourth quarter. Kelly Lawrence W & Assocs Inc Ca holds 73,509 shares or 1.92% of its portfolio. Citizens Northern Corp holds 1.36% of its portfolio in Chevron Corporation (NYSE:CVX) for 15,278 shares. Columbia Ptnrs L L C Investment Management holds 0.06% or 6,129 shares. 60,691 were accumulated by South State. 14,746 were reported by Broderick Brian C. Jacobs Levy Equity Mngmt Inc invested in 0.01% or 4,490 shares. Rhumbline Advisers invested in 0.96% or 3.22M shares. Roosevelt Invest Grp Inc has invested 0.52% in Chevron Corporation (NYSE:CVX). The Ohio-based Dean Investment Associate Ltd has invested 1.16% in Chevron Corporation (NYSE:CVX). Finally, Quotient Investors LLC boosted its stake in shares of Chevron by 184.6% in the third quarter. Financial Advisory Inc reported 12,308 shares. Systematic Financial LP stated it has 142,472 shares. Brookmont has 4.22% invested in Chevron Corporation (NYSE:CVX). More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: "Chevron: The New Powerhouse" published on May 08, 2017 as well as Nasdaq.com's news article titled: "Chevron Corporation (CVX) Ex-Dividend Date Scheduled for May 17, 2017" with publication date: May 16, 2017. (NYSE:CVX) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Therefore 68% are positive. In the last earnings report the EPS was $1.54 and is estimated to be $4.38 for the current year with 1,894,556,000 shares now outstanding. The rating was upgraded by BNP Paribas to "Outperform" on Monday, November 2. Simmons & Co downgraded the stock to "Neutral" rating in Thursday, January 21 report. The firm has "Underperform" rating by Macquarie Research given on Wednesday, September 23. UBS maintained the stock with "Neutral" rating in Monday, August 3 report. Bank of America upgraded the stock to "Buy" rating in Tuesday, May 24 report. The firm earned "Buy" rating on Tuesday, August 25 by Vetr. The company's market cap is $196.08 Billion. The Firm operates through two business divisions: Travel Network, and Airline and Hospitality Solutions. It has a 24.13 P/E ratio. About 255,785 shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since June 5, 2016 and is uptrending. It has outperformed by 56.76% the S&P500.

Investors sentiment decreased to 1.67 in Q4 2016. Its down 0.13, from 1.11 in 2016Q3. It also reduced Schlumberger Ltd (NYSE:SLB) stake by 39,328 shares and now owns 742,185 shares. 72 funds opened positions while 159 raised stakes. Wetherby Asset Mngmt reported 14,757 shares. 11,298 were accumulated by Ballentine Prtnrs Ltd Liability Com. Legacy Prtn Incorporated holds 20,227 shares or 1.44% of its portfolio. Umb Bankshares N A Mo owns 277,746 shares. 4,708 are owned by Great West Life Assurance Com Can. Pitcairn holds 15,752 shares. 37,156 are owned by Aull Monroe Mgmt Corp.

Private Capital Advisors Inc. lowered its stake in shares of Chevron Co. Connecticut-based Fairfield Bush And has invested 0.49% in Celgene Corporation (NASDAQ:CELG). Northstar Advsr Limited has invested 0.05% of its portfolio in W W Grainger Inc (NYSE:GWW). Japan-based Fukoku Mutual Life has invested 0.03% in W W Grainger Inc (NYSE:GWW).

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