Today’s Stock Alert: Chevron Corp (NYSE:CVX) Institutional Investor Sentiment

November 24, 2016 - By Hazel Jackson   ·   0 Comments

Today's Stock Alert: Chevron Corp (NYSE:CVX) Institutional Investor Sentiment

Sentiment for Chevron Corp (NYSE:CVX)

Chevron Corp (NYSE:CVX) institutional sentiment increased to 1.07 in Q2 2016. Its up 0.12, from 0.95 in 2016Q1. The ratio improved, as 695 funds increased or opened new positions, while 728 trimmed and sold positions in Chevron Corp. The funds in our partner’s database now have: 1.15 billion shares, down from 1.18 billion shares in 2016Q1. Also, the number of funds holding Chevron Corp in their top 10 positions increased from 116 to 151 for an increase of 35. Sold All: 51 Reduced: 677 Increased: 624 New Position: 71.

Chevron Corporation manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The company has a market cap of $210.26 billion. The Firm operates through two business divisions: Upstream and Downstream. It currently has negative earnings. The Upstream segment consists primarily of exploring for, developing and producing natural gas and crude oil; transporting crude oil by international oil export pipelines; transporting, storage and marketing of natural gas, and a gas-to-liquids plant.

The stock increased 0.34% or $0.38 on November 23, hitting $111. Chevron Corporation (NYSE:CVX) has risen 8.81% since April 22, 2016 and is uptrending. It has outperformed by 3.40% the S&P500.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on February, 3. They expect $0.71 EPS, up 329.03% or $1.02 from last year’s $-0.31 per share. CVX’s profit will be $1.34 billion for 39.08 P/E if the $0.71 EPS becomes a reality. After $0.68 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 4.41% EPS growth.

According to Zacks Investment Research, “Chevron is the fifth-largest integrated energy company in the world. Headquartered in San Ramon, California, and conducting business in approximately 180 countries, this highly competitive corporation is engaged in every aspect of the oil and natural gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation.”

Reservoir Operations L.P. holds 14.88% of its portfolio in Chevron Corporation for 113,546 shares. Adams Natural Resources Fund Inc. owns 591,200 shares or 9.74% of their US portfolio. Moreover, American Investment Services Inc. has 8.83% invested in the company for 194,675 shares. The California-based Old West Investment Management Llc has invested 6.95% in the stock. Cortland Advisers Llc, a Delaware-based fund reported 1.88 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 9 sales for $23.84 million net activity.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Ratings analysis reveals 66% of Chevron Corporation’s analysts are positive. Out of 29 Wall Street analysts rating Chevron Corporation, 19 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $65 while the high is $122. The stock’s average target of $96.55 is -13.02% below today’s ($111) share price. CVX was included in 52 notes of analysts from August 4, 2015. Barclays Capital maintained the stock with “Equal Weight” rating in Tuesday, January 12 report. The rating was upgraded by Wolfe Research to “Peer Perform” on Tuesday, September 29. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 12. JP Morgan upgraded the stock to “Overweight” rating in Friday, September 11 report. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, March 9. On Friday, August 28 the stock rating was downgraded by Vetr to “Strong-Buy”. Credit Suisse maintained Chevron Corporation (NYSE:CVX) rating on Monday, November 2. Credit Suisse has “Neutral” rating and $100 price target. The firm earned “Neutral” rating on Friday, March 11 by Goldman Sachs. Nomura initiated the shares of CVX in a report on Friday, March 18 with “Neutral” rating. As per Wednesday, September 23, the company rating was initiated by Macquarie Research.

CVX Company Profile

Chevron Corporation (Chevron), incorporated on January 27, 1926, manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining activities, power generation and energy services. Upstream activities consist primarily of exploring for, developing and producing natural gas and crude oil; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; transporting, storage and marketing of natural gas, and a gas-to-liquids project. Downstream activities consist primarily of refining crude oil into petroleum products; marketing of crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives.

Another recent and important Chevron Corporation (NYSE:CVX) news was published by Fool.com which published an article titled: “Chevron Corporation Upgraded: 3 Things You Need to Know” on October 31, 2016.

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By Hazel Jackson


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