Today’s Short Interest: Chevron Corporation New (NYSE:CVX) Can’t Be Less Risky. Short Interest Decreased

November 30, 2016 - By kentuckypostne   ·   0 Comments

Today's Short Interest: Chevron Corporation New (NYSE:CVX) Can't Be Less Risky. Short Interest Decreased

The stock of Chevron Corporation New (NYSE:CVX) registered a decrease of 8.97% in short interest. CVX’s total short interest was 33.03M shares in November as published by FINRA. Its down 8.97% from 36.28M shares, reported previously. With 7.50 million shares average volume, it will take short sellers 4 days to cover their CVX’s short positions. The short interest to Chevron Corporation New’s float is 1.75%. About 9.56M shares traded hands or 24.32% up from the average. Chevron Corporation (NYSE:CVX) has risen 5.29% since April 27, 2016 and is uptrending. It has outperformed by 0.06% the S&P500.

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 $208.87 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.

Insitutional Activity: The institutional sentiment increased to 1.07 in Q2 2016. Its up 0.12, from 0.95 in 2016Q1. The ratio increased, as 51 funds sold all Chevron Corporation shares owned while 677 reduced positions. 71 funds bought stakes while 624 increased positions. They now own 1.15 billion shares or 3.23% less from 1.18 billion shares in 2016Q1.
The Michigan-based Plante Moran Advsrs Llc has invested 0.67% in Chevron Corporation (NYSE:CVX). Hayek Kallen Inv Mgmt last reported 1.15% of its portfolio in the stock. Savings Bank Of Stockton reported 10,324 shares or 0.57% of all its holdings. Pine River Cap Mgmt Lp holds 0.01% or 11,100 shares in its portfolio. The Ontario – Canada-based Manufacturers Life Ins The has invested 0.56% in Chevron Corporation (NYSE:CVX). Seizert Capital Prtn Lc accumulated 259,418 shares or 1.03% of the stock. Federated Pa accumulated 1.7% or 5.55 million shares. Evermay Wealth Management Limited Company last reported 2,151 shares in the company. First Quadrant Limited Partnership Ca accumulated 245,387 shares or 0.57% of the stock. Amer Services has invested 8.83% of its portfolio in Chevron Corporation (NYSE:CVX). Moon Management Limited Liability last reported 0% of its portfolio in the stock. Connor Clark And Lunn Investment Limited last reported 6,300 shares in the company. Benin Mgmt last reported 5,014 shares in the company. The Illinois-based Rmb Cap Mngmt Lc has invested 0.52% in Chevron Corporation (NYSE:CVX). Hartline Inv last reported 29,021 shares in the company.

Insider Transactions: Since August 1, 2016, the stock had 1 insider buy, and 9 selling transactions for $23.84 million net activity. On Thursday, August 25 the insider Ourada Jeanette L sold $711,893. Breber Pierre R also sold $2.07 million worth of Chevron Corporation (NYSE:CVX) on Tuesday, August 2. Wirth Michael K had sold 125,000 shares worth $12.56 million. Geagea Joseph C sold $2.67 million worth of stock. Shares for $2.76M were sold by Pate R. Hewitt. Deily Linnet F sold $593,387 worth of stock or 5,637 shares. THULIN INGE G had bought 487 shares worth $50,096.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Out of 29 analysts covering Chevron Corporation (NYSE:CVX), 19 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 66% are positive. Chevron Corporation has been the topic of 52 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, December 14 by Howard Weil. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Monday, November 2 by Credit Suisse. The rating was maintained by JP Morgan on Tuesday, December 15 with “Overweight”. The stock of Chevron Corporation (NYSE:CVX) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, March 9. As per Tuesday, September 13, the company rating was initiated by BMO Capital Markets. UBS maintained it with “Neutral” rating and $95 target price in Monday, August 3 report. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Citigroup on Wednesday, December 2. Credit Suisse maintained it with “Neutral” rating and $96 target price in Wednesday, March 9 report. The stock of Chevron Corporation (NYSE:CVX) has “Overweight” rating given on Tuesday, November 1 by Morgan Stanley. The firm has “Neutral” rating given on Friday, March 18 by Nomura.

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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