As Chevron Corp (CVX) Shares Declined, Shareholder Parametric Portfolio Associates LLC Decreased Its Stake

January 23, 2018 - By Linda Rogers

Investors sentiment decreased to 0.95 in 2017 Q3. 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. Chase Inv Counsel reported 1,727 shares or 0.11% of all its holdings. Texas-based Tctc Lc has invested 0.19% in Chevron Corporation (NYSE:CVX). Benin Mngmt Corp invested 0.77% in Chevron Corporation (NYSE:CVX). 34,699 were reported by Community Bankshares Na. Birinyi Assocs invested in 14,020 shares or 0.78% of the stock. Gamble Jones Inv Counsel stated it has 116,737 shares or 1.4% of all its holdings. Haverford Fin Svcs Incorporated has invested 0.1% in Chevron Corporation (NYSE:CVX). Brandywine Tru holds 0.54% of its portfolio in Chevron Corporation (NYSE:CVX) for 5,129 shares. Narwhal invested 0.76% in Chevron Corporation (NYSE:CVX). Utah Retirement Sys, Utah-based fund reported 347,097 shares. Pioneer Natl Bank N A Or has invested 2.95% of its portfolio in Chevron Corporation (NYSE:CVX). Virginia Retirement System Et Al has invested 1.14% in Chevron Corporation (NYSE:CVX). Timber Creek Llc reported 27,165 shares. Triangle Secs Wealth Mngmt, North Carolina-based fund reported 13,352 shares. Laurel Grove Limited Co has 1.11% invested in Chevron Corporation (NYSE:CVX) for 18,189 shares.

Since August 1, 2017, it had 0 insider buys, and 4 sales for $11.07 million activity. Yarrington Patricia E sold $4.33M worth of stock or 39,000 shares. On Monday, October 16 the insider Pate R. Hewitt sold $3.06 million. Another trade for 2,312 shares valued at $248,274 was made by Deily Linnet F on Wednesday, August 16.

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 5.30 million shares of the integrated oil company at the end of 2017Q3, valued at $623.27 million, down from 5.39 million 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 $249.73B market cap company. The stock decreased 0.81% or $1.08 during the last trading session, reaching $131.48. About 3.21M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since January 23, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Parametric Portfolio Associates Llc, which manages about $89.70 billion US Long portfolio, upped its stake in Procter & Gamble Co/The (NYSE:PG) by 252,529 shares to 6.60M shares, valued at $600.63 million in 2017Q3, according to the filing. It also increased its holding in American International Group I (NYSE:AIG) by 135,195 shares in the quarter, for a total of 3.03 million shares, and has risen its stake in Spdr S&P Midcap 400 Etf Trust (MDY).

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on January, 26. They expect $1.19 EPS, up 440.91 % or $0.97 from last year’s $0.22 per share. CVX’s profit will be $2.26B for 27.62 P/E if the $1.19 EPS becomes a reality. After $1.03 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 15.53 % EPS growth.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Exxon Vs. Chevron – A Dividend Investor’s Analysis” on January 04, 2018, also Seekingalpha.com with their article: “2017: Chevron Outperforms Exxon (Again)” published on December 27, 2017, Seekingalpha.com published: “Chevron’s Dividend Isn’t Out Of The Woods Yet” on December 29, 2017. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Usnews.com and their article: “Chevron Investors Are Loving $60 Oil” published on December 29, 2017 as well as Investorplace.com‘s news article titled: “Chevron Corporation a Rare Energy ‘Dividend Aristocrat'” with publication date: December 28, 2017.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 21 have Buy rating, 1 Sell and 12 Hold. Therefore 62% are positive. Chevron Corporation has $160.0 highest and $65 lowest target. $112.94’s average target is -14.10% below currents $131.48 stock price. Chevron Corporation had 102 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Raymond James given on Tuesday, March 22. The rating was upgraded by CLSA on Tuesday, November 15 to “Buy”. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Thursday, January 11 by BMO Capital Markets. RBC Capital Markets maintained it with “Underperform” rating and $100 target in Thursday, July 6 report. The firm earned “Buy” rating on Friday, September 22 by BMO Capital Markets. The firm has “Buy” rating given on Monday, June 5 by HSBC. On Tuesday, October 17 the stock rating was upgraded by Macquarie Research to “Buy”. Argus Research upgraded it to “Buy” rating and $100 target in Wednesday, December 16 report. The firm earned “Neutral” rating on Monday, August 24 by Bank of America. UBS maintained the stock with “Neutral” rating in Monday, May 2 report.

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