Commonwealth Equity Services INC Has Cut Chevron Corp New (CVX) Position by $3.34 Million

October 13, 2017 - By Dolores Ford

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.06, from 0.97 in 2017Q1. It is positive, as 65 investors sold CVX shares while 653 reduced holdings. 92 funds opened positions while 651 raised stakes. 1.16 billion shares or 0.51% more from 1.16 billion shares in 2017Q1 were reported. Girard Limited holds 29,124 shares. 6,462 are held by Lombard Odier Asset Mgmt (Switzerland) Sa. Godsey & Gibb Assoc invested in 116,062 shares or 2.12% of the stock. Mitchell Mcleod Pugh And Williams accumulated 13,560 shares. The Virginia-based Investment Mngmt Of Virginia Limited Com has invested 0.88% in Chevron Corporation (NYSE:CVX). Rothschild Asset Mgmt Inc holds 0.91% or 776,157 shares in its portfolio. Lakeview Cap Prtn Ltd Liability Company accumulated 9,453 shares. Univest Of Pennsylvania holds 0.21% or 4,713 shares. 56,717 were reported by Mai Capital Mgmt. Shelton Capital Mgmt stated it has 1.86% in Chevron Corporation (NYSE:CVX). Next Finance Gru stated it has 0% in Chevron Corporation (NYSE:CVX). Wagner Bowman reported 18,283 shares or 0.53% of all its holdings. Ameritas Investment Prns holds 62,889 shares or 0.32% of its portfolio. Bank & Trust Of Stockton reported 18,342 shares. Strategic Wealth Grp Inc Ltd Liability has invested 1.65% in Chevron Corporation (NYSE:CVX).

Commonwealth Equity Services Inc decreased its stake in Chevron Corp New (CVX) by 4.11% based on its latest 2017Q2 regulatory filing with the SEC. Commonwealth Equity Services Inc sold 32,094 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 748,230 shares of the integrated oil company at the end of 2017Q2, valued at $78.06 million, down from 780,324 at the end of the previous reported quarter. Commonwealth Equity Services Inc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $225.81B market cap company. The stock rose 0.13% or $0.15 reaching $119.31. About 4.62 million shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since October 13, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Commonwealth Equity Services Inc, which manages about $41.07 billion and $15.73 billion US Long portfolio, upped its stake in Ishares Tr (SHYG) by 72,856 shares to 740,683 shares, valued at $35.45M in 2017Q2, according to the filing. It also increased its holding in Vanguard Intl Equity Index F (VT) by 181,391 shares in the quarter, for a total of 641,555 shares, and has risen its stake in Ishares Tr (IJH).

Investors wait Chevron Corporation (NYSE:CVX) to report on October, 27. its quarterly earnings Wall Street analysts expect $0.85 earnings per share, up $0.17 or 25.00 % from last year’s $0.68 same quarter earnings. This translates into $1.61B profit for CVX giving the stock a 35.09 P/E. This is assuming the current $0.85 EPS is accurate. Chevron Corporation’s Wall Street analysts see -6.59 % negative EPS growth, taking into account the $0.91 EPS reproted in the previous quarter,

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron ditches drilling plans for Great Australian Bight” on October 13, 2017, also Seekingalpha.com with their article: “Chevron Already Outperforming Exxon And Now Here Comes Wheatstone LNG” published on October 10, 2017, Seekingalpha.com published: “Chevron: Back To Old Ways” on October 03, 2017. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Fool.com and their article: “Why Chevron split its stock in the past” published on September 19, 2017 as well as Seekingalpha.com‘s news article titled: “Chevron’s CAPEX Plans Reflect The Current State Of Global Oil” with publication date: October 11, 2017.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. Chevron Corporation had 83 analyst reports since August 4, 2015 according to SRatingsIntel. The company was upgraded on Friday, September 11 by JP Morgan. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Thursday, December 1 by Independent Research. The company was upgraded on Tuesday, November 1 by Morgan Stanley. Barclays Capital maintained it with “Equal-Weight” rating and $130 target in Tuesday, October 10 report. On Wednesday, September 23 the stock rating was initiated by Macquarie Research with “Underperform”. Cowen & Co maintained Chevron Corporation (NYSE:CVX) rating on Thursday, July 27. Cowen & Co has “Buy” rating and $12200 target. The company was maintained on Tuesday, October 3 by Jefferies. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Wednesday, December 2 by Citigroup. Argus Research upgraded Chevron Corporation (NYSE:CVX) on Wednesday, December 16 to “Buy” rating. The stock has “Market Perform” rating by Raymond James on Tuesday, March 22.

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