Chevron Corp Big Money Sentiment Increased in Q4 2017 touching 0.99

May 16, 2018 - By Nellie Deboer

Chevron Corporation (NYSE:CVX) Corporate Logo

“Big money” Positions

In 2017 Q4 Chevron Corp (NYSE:CVX) big money sentiment increased to 0.99, SEC filings reveal. That’s up 0.04, from 2017Q3’s 0.95. 730 investment professionals started new and increased equity positions, while 737 decreased and sold their stock positions in Chevron Corp so the sentiment increased. These funds own 1.19 billion shares, that’s up from 1.18 billion shares in 2017Q3. Funds holding Chevron Corp in top 10 increased from 133 to 134 for an increase of 1. In total 51 funds closed positions, 686 reduced and 608 increased. Also 122 funds bought new Chevron Corp stakes.

Significant Chevron Corp Investors

Alleghany Corp De owns 3.44 million shares in Chevron Corp as of 2017 Q4. Chevron Corp’s shareholder Adams Natural Resources Fund Inc. owns 545,300 shares as of 2017 Q4. Also, American Investment Services Inc. reported 192,092 shares in Chevron Corp equivalent to 8.79% of its portfolio. The Delaware-based fund Cortland Advisers Llc have invested about 6.32% of the institutional investor’s stock portfolio in Chevron Corp. The California-based fund Ar Asset Management Inc looks positive on Chevron Corp, owning 119,048 shares.

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum activities worldwide.The firm is valued at $246.76 billion. The firm operates in two divisions, Upstream and Downstream.26.62 is the P/E ratio. The Upstream segment is involved in the exploration, development, and production of natural gas and crude oil; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

CVX is touching $129.13 during the last trading session, after decreased 0.47%.Chevron Corporation has volume of 2.86 million shares. Since May 16, 2017 CVX has risen 7.88% and is uptrending. CVX underperformed the S&P 500 by 3.67%.

On July, 27. Investors expect Chevron Corporation (NYSE:CVX) to reveal its quarterly earnings, Faxor reports. The earnings per share diference is $0.96 or 105.49 % up from last years number. Previous year: $0.91; Analysts forcast: $1.87. CVX’s profit could reach $3.57 billion with 17.26 P/E in case $1.87 earnings per share is reported. Wall Street now sees -1.58 % negative EPS growth despite Chevron Corporation previous quarter’s EPS of $1.90.

International Sarl reported 48,330 shs or 0.57% of all its holdings. Paragon Capital Mngmt Ltd accumulated 12,371 shs. Retail Bank Of Nova Scotia Tru reported 0.06% of its capital in Chevron Corporation (NYSE:CVX). Sequent Asset Ltd Llc stated it has 1,825 shs or 0.13% of all its holdings. Boothbay Fund Mgmt Ltd Company invested in 0.12% or 6,400 shs. Berkshire Asset Mgmt Pa accumulated 0.31% or 25,234 shs. Mechanics State Bank Tru Department accumulated 3.22% or 113,817 shs. Independent Order Of Foresters holds 0.25% or 2,230 shs in its capital. Reilly Advsrs Limited Com holds 0.15% or 8,360 shs in its capital. Waters Parkerson & Ltd Limited Liability Company invested in 247,810 shs or 2.61% of the stock. Fernwood Invest Mngmt Llc holds 2,889 shs. Deroy And Devereaux Private Investment Counsel owns 130,538 shs for 1.72% of their capital. Moreover, Barnett has 0.38% invested in Chevron Corporation (NYSE:CVX) for 6,235 shs. Cahill Fincl Advsrs Incorporated owns 7,658 shs for 0.48% of their capital. Chemung Canal invested in 1.94% or 70,877 shs.

Chevron Corporation had 5 selling transactions and 0 insider purchases since April 17, 2018. This’s net activity of $26.15 million. The insider Wirth Michael K sold 130,000 shs worth $16.64 million. Geagea Joseph C sold $1.54 million worth of stock or 12,000 shs.

Chevron Corporation (NYSE:CVX) Ratings Coverage

A total of 15 analysts rate Chevron Corp (NYSE:CVX) as follows: 12 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 80% are bullish. (NYSE:CVX) has 30 ratings reports on 16 May 2018 according to StockzIntelligence. On Thursday, February 22 the stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Cowen & Co. In Tuesday, January 23 report Credit Suisse maintained it with “Hold” rating and $130.0 target. On Monday, February 5 the stock has “Neutral” rating by Credit Suisse. On Tuesday, January 30 the firm earned “Sell” rating by RBC Capital Markets. On Monday, February 5 the rating was maintained by Piper Jaffray with “Buy”. In Monday, April 30 report Barclays Capital maintained it with “Overweight” rating and $145 target. In Friday, February 9 report RBC Capital Markets upgraded the stock to “Sector Perform” rating. On Monday, February 5 the firm has “Buy” rating given by Jefferies. On Thursday, January 11 the stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given by BMO Capital Markets. The company rating was maintained by Morgan Stanley on Wednesday, January 24.

For more Chevron Corporation (NYSE:CVX) news posted recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Benzinga.com or Seekingalpha.com. The titles are as follows: “Chevron Impresses In The Permian” posted on May 11, 2018, “Chevron: I Was Wrong” on May 07, 2018, “Chevron 2018 Turns Into A Cash Machine” with a publish date: May 03, 2018, “Energy Sector Earns An Upgrade” and the last “When Football Players Practice Ballet: Chevron Stays On Its Toes In The Permian” with publication date: May 16, 2018.

Chevron Corporation (NYSE:CVX) Institutional Investors Chart

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