Chevron Corp (CVX) Valuation Declined While Parametric Portfolio Associates LLC Has Cut Its Position

February 15, 2018 - By Darrin Black

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It is negative, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Gru One Trading Limited Partnership reported 43 shares. Peapack Gladstone accumulated 269,753 shares or 1.82% of the stock. Moreover, Barr E S & has 0.22% invested in Chevron Corporation (NYSE:CVX) for 17,277 shares. Thompson Rubinstein Mgmt Or has 0.5% invested in Chevron Corporation (NYSE:CVX). Mark Sheptoff Financial Planning Limited Com holds 0.03% or 350 shares in its portfolio. Bessemer invested in 720,852 shares. 5,678 were accumulated by Outfitter Advsrs. Stephens Incorporated Ar has invested 0.81% in Chevron Corporation (NYSE:CVX). Bragg reported 58,368 shares. Northstar Group Inc invested in 0.25% or 3,733 shares. Aviva Public Ltd Company holds 0.93% or 1.48 million shares in its portfolio. Somerset Group Lc owns 18,463 shares. Hussman Strategic Advsrs Inc, Maryland-based fund reported 50,000 shares. Affinity Wealth Mngmt, a Delaware-based fund reported 1,969 shares. Berkshire Asset Management Llc Pa invested 0.23% of its portfolio in Chevron Corporation (NYSE:CVX).

Since August 16, 2017, it had 0 insider buys, and 1 sale for $3.06 million activity. $248,274 worth of Chevron Corporation (NYSE:CVX) was sold by Deily Linnet F.

Parametric Portfolio Associates Llc decreased its stake in Chevron Corp (CVX) by 1.53% based on its latest 2017Q3 regulatory filing with the SEC. Parametric Portfolio Associates Llc sold 82,410 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 5.30M shares of the integrated oil company at the end of 2017Q3, valued at $623.27M, down from 5.39M at the end of the previous reported quarter. Parametric Portfolio Associates Llc who had been investing in Chevron Corp for a number of months, seems to be less bullish one the $212.16 billion market cap company. The stock decreased 0.72% or $0.81 during the last trading session, reaching $111.7. About 3.38M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 15, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Parametric Portfolio Associates Llc, which manages about $89.70B US Long portfolio, upped its stake in Bayer A G Sponsored Adr (BAYRY) by 1.43 million shares to 1.85 million shares, valued at $63.42 million in 2017Q3, according to the filing. It also increased its holding in Xl Group Ltd by 80,762 shares in the quarter, for a total of 741,919 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Investorplace.com which released: “5 Notable Dividend Stocks Boost Payouts, Including Chevron Corporation (CVX)” on February 05, 2018, also Investorplace.com with their article: “Chevron Corporation Stock Falls on Big Q4 Earnings Miss” published on February 02, 2018, Seekingalpha.com published: “Chevron – The Icarus Syndrome” on February 10, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Nasdaq.com and their article: “Chevron Corporation (CVX) Ex-Dividend Date Scheduled for February 15, 2018” published on February 14, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron: Strong Buy?” with publication date: February 05, 2018.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 114 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Chevron Corporation (NYSE:CVX) earned “Hold” rating by Credit Suisse on Monday, December 11. RBC Capital Markets maintained the shares of CVX in report on Tuesday, November 7 with “Sell” rating. The rating was downgraded by HSBC on Thursday, January 18 to “Hold”. The rating was upgraded by Bank of America on Monday, August 24 to “Neutral”. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Friday, March 11 by Goldman Sachs. The stock has “Buy” rating by Societe Generale on Friday, February 2. The rating was upgraded by Tudor Pickering on Monday, September 21 to “Accumulate”. The firm earned “Market Perform” rating on Tuesday, March 22 by Raymond James. The firm earned “Buy” rating on Tuesday, January 23 by Piper Jaffray. The firm has “Buy” rating by Cowen & Co given on Tuesday, October 24.

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