Gabelli Funds LLC Increases Position in Chevron Corporation (CVX)
- Kelley Robertson
The oil and gas company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.99 by $0.04. It closed at $51 lastly. It has outperformed by 79.72% the S&P500. Benin Management Corp acquired 4,350 shares as Chevron Corp New (CVX)'s stock declined 3.45%. The fund owned 788,540 shares of the oil and gas company's stock after buying an additional 56,171 shares during the period. The Maryland Capital Management holds 41,218 shares with $4.30 million value, up from 32,944 last quarter. Chevron Corp New now has $227.51B valuation. The stock decreased 0.37% or $0.45 during the last trading session, reaching $120.39. Its up 6.75% from 4.63 million shares previously.
The collective rating of 2.1 for Chevron Corporation (NYSE:CVX) also leans strongly towards the neutral end of the spectrum. It has underperformed by 10.02% the S&P500. Somerset Tru Communications reported 0.7% of its portfolio in Chevron Corporation (NYSE:CVX). Texas Cap National Bank Tx invested in 0.69% or 1,767 shares. AXP's profit will be $1.35 billion for 15.88 P/E if the $1.55 EPS becomes a reality. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. equities analysts predict that Chevron Corporation will post 4.38 EPS for the current year.
A 11 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NASDAQ:FEYE) or, if they already own its stock, sell it. Its up 0.06, from 0.97 in 2017Q1. Patricia Yarrington, an officer at (CVX), sold 82189 shares at a price of 115.42 to bring his total ownership in the stock to 4,838 shares.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Torch Wealth Limited Liability Corporation has invested 0.84% in Chevron Corporation (NYSE:CVX).
Chevron Corporation (NYSE:CVX) continues to be a formidable company. Live Your Vision Ltd Co invested in 200 shares. American & Management Com, a Massachusetts-based fund reported 40,509 shares. Woodley Farra Manion Portfolio Mgmt Inc owns 189,739 shares. Logan Capital Mgmt Incorporated invested in 1.62% or 208,496 shares. Given that its average daily volume over the 30 days has been 5.24M shares a day, this signifies a pretty significant change over the norm. Stockholders of record on Friday, November 17th will be given a dividend of $1.08 per share. Invesco Limited accumulated 160,082 shares or 0% of the stock. Vision Mngmt has invested 0.13% of its portfolio in Chevron Corporation (NYSE:CVX).
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Chevron Corporation (NYSE:CVX) on December 5, 2017 saw a significant decline, closing the day at $120.84, or a decline of $0.45 or (0.37%).Volume levels waned and CVX actually managed a declined which translated to 4.38 million shares changing hands on the day. Zevin Asset Mngmt Ltd reported 0.18% stake. California-based Intersect Capital Limited Liability has invested 0.23% in Amgen Inc. Tyson Foods Inc (NYSE:TSN) was raised too. Therefore 68% are positive. Credit Suisse maintained it with "Neutral" rating and $100 target in Monday, November 2 report. The rating was maintained by BMO Capital Markets on Friday, July 28 with "Buy". The stock has "Outperform" rating by Credit Agricole on Tuesday, December 15. The firm has "Accumulate" rating by Tudor Pickering given on Monday, September 21. American Express Company (AXP) has risen 22.41% since December 6, 2016 and is uptrending. The stock of Chevron Corporation (NYSE:CVX) earned "Neutral" rating by Credit Suisse on Wednesday, March 9. The firm earned "Market Perform" rating on Wednesday, October 18 by BMO Capital Markets. Societe Generale downgraded the shares of CVX in report on Wednesday, October 18 to "Hold" rating. The company now has an average rating of "Hold" and a consensus target price of $121.22. Chevron Corporation had 93 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Buy" rating by Oppenheimer given on Tuesday, December 5. The stock of AMETEK, Inc. Jefferies maintained the shares of CVX in report on Friday, June 23 with "Buy" rating. The company was maintained on Tuesday, July 25 by Cantor Fitzgerald. The company was maintained on Tuesday, December 15 by Cowen & Co. The rating was maintained by FBR Capital with "Buy" on Thursday, September 3. Cantor Fitzgerald maintained it with "Buy" rating and $58.0 target in Thursday, October 26 report. (NYSE:PF) rating on Friday, October 27.
Analyst Thoughts About FireEye, Inc. 281,678 are held by Agf Investments Inc.
Investors sentiment is 1.11 in 2017 Q2. Chevron had a negative net margin of 0.43% and a positive return on equity of 1.26%. It increased, as 12 investors sold OMCL shares while 58 reduced holdings. 9 funds opened positions while 47 raised stakes. (NASDAQ:OMCL). Mesirow Management owns 1.41% invested in Omnicell, Inc. (NASDAQ:AMKR) for 158,385 shares. Carl Domino Inc accumulated 0.35% or 7,000 shares. Highstreet Asset Management Inc.'s holdings in Chevron were worth $1,679,000 as of its most recent SEC filing. (NASDAQ:AMKR) for 13,260 shares. Zebra Cap Ltd Liability Corporation has invested 0.13% in Amkor Technology, Inc. (NASDAQ:OMCL). 116,579 were reported by Goldman Sachs. Optimum Investment holds 0.14% of its portfolio in Kayne Anderson MLP Investment Company (NYSE:KYN) for 21,847 shares. Pekin Singer Strauss Asset Management Il owns 17,064 shares. Clifford Swan Investment Counsel Limited Liability Co holds 36,158 shares. Federated Invsts Pa reported 490 shares. Benchmark Capital holds 14,500 shares. Legal And General Public Limited Company owns 0% invested in Omnicell, Inc. (NASDAQ:AMKR) or 324,129 shares. Pinebridge Invests LP has 0.01% invested in Omnicell, Inc. (NASDAQ:AMKR) for 30 shares. It also increased its holding in Ishares Tr (USMV) by 130,276 shares in the quarter, for a total of 1.73 million shares, and has risen its stake in Ishares Tr (IJR).
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