Chevron Corp New (CVX) Shareholder Wade G W & INC Raised Position

June 20, 2017 - By Ellis Scott

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.08, from 1.07 in 2016Q3. It worsened, as 55 investors sold CVX shares while 689 reduced holdings. 120 funds opened positions while 617 raised stakes. 1.17 billion shares or 3.12% more from 1.13 billion shares in 2016Q3 were reported. Van Hulzen Asset Mgmt Limited Liability Company stated it has 1.18% in Chevron Corporation (NYSE:CVX). Swift Run Mngmt Limited Liability Corporation holds 1,948 shares. Cambridge Trust holds 0.26% or 31,186 shares in its portfolio. Boston Private Wealth Ltd Limited Liability Company holds 229,870 shares. Advisory Group holds 0.34% or 7,442 shares. Iab National Bank & Trust stated it has 22,246 shares or 1.48% of all its holdings. Guinness Atkinson Asset Mngmt invested 1.17% of its portfolio in Chevron Corporation (NYSE:CVX). Savant Capital Llc accumulated 15,636 shares or 0.49% of the stock. One Ltd Liability Corporation, California-based fund reported 21,143 shares. Longer Invests holds 2.42% or 22,532 shares. Telos Cap Mgmt invested 1.24% in Chevron Corporation (NYSE:CVX). Tokio Marine Asset Communication holds 1.36% or 100,224 shares in its portfolio. Chilton Lc has invested 0.01% of its portfolio in Chevron Corporation (NYSE:CVX). Martin Currie Limited invested in 185,678 shares or 2.05% of the stock. 1,842 are owned by Prentiss Smith And.

Since February 2, 2017, it had 0 insider purchases, and 2 selling transactions for $18.82 million activity. Another trade for 125,000 shares valued at $13.79M was made by WATSON JOHN S on Monday, March 13. Shares for $5.03 million were sold by Breber Pierre R on Thursday, February 2.

Wade G W & Inc increased its stake in Chevron Corp New (CVX) by 35.66% based on its latest 2016Q4 regulatory filing with the SEC. Wade G W & Inc bought 33,796 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 128,570 shares of the integrated oil company at the end of 2016Q4, valued at $15.13 million, up from 94,774 at the end of the previous reported quarter. Wade G W & Inc who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $201.92B market cap company. The stock declined 0.86% or $0.92 reaching $106.54 on the news. About 6,280 shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since June 20, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Wade G W & Inc, which manages about $4.63B and $607.72M US Long portfolio, decreased its stake in 3M Co (NYSE:MMM) by 18,593 shares to 46,298 shares, valued at $8.27M in 2016Q4, according to the filing.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron: The Worst Stock In The Dow” on June 02, 2017, also Seekingalpha.com with their article: “Chevron: Permian May Not Support Long-Term Performance” published on June 14, 2017, Nasdaq.com published: “Chevron (CVX) Shares Cross 4% Yield Mark” on June 19, 2017. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Forbes.com and their article: “Chevron’s (And The Rule of Law’s) Triumph: The Supreme Court Declines To Hear …” published on June 20, 2017 as well as Seekingalpha.com‘s news article titled: “Chevron On Its Way Higher” with publication date: June 13, 2017.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 31 analysts covering Chevron Corporation (NYSE:CVX), 22 have Buy rating, 1 Sell and 8 Hold. Therefore 71% are positive. Chevron Corporation had 61 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by HSBC to “Buy” on Monday, June 5. The stock has “Sector Outperform” rating by Howard Weil on Monday, December 14. As per Wednesday, January 4, the company rating was upgraded by Bank of America. The company was upgraded on Wednesday, December 2 by Citigroup. The company was maintained on Monday, October 12 by Barclays Capital. PiperJaffray upgraded the shares of CVX in report on Tuesday, August 9 to “Overweight” rating. Simmons & Co downgraded the shares of CVX in report on Thursday, January 21 to “Neutral” rating. The firm has “Peer Perform” rating by Wolfe Research given on Tuesday, September 29. The firm has “Buy” rating given on Tuesday, November 15 by CLSA. The company was downgraded on Friday, August 28 by Vetr.

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