Parametric Portfolio Associates LLC Has Cut Its Holding in Chevron Corp (CVX) by $9.64 Million

February 15, 2018 - By Michael Collier

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It worsened, 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. Quantbot Technologies LP has invested 0.15% in Chevron Corporation (NYSE:CVX). Lincoln Natl Corp reported 0.49% stake. Union National Bank Corporation invested in 67,579 shares or 2.67% of the stock. Westwood Grp Inc invested in 748,402 shares. The California-based Tiemann Inv Advsr Lc has invested 0.75% in Chevron Corporation (NYSE:CVX). Arvest Bancorporation Trust Division reported 1.29% stake. Pacad Investment reported 15,300 shares or 0.4% of all its holdings. Regions Corp holds 1.61% in Chevron Corporation (NYSE:CVX) or 1.21 million shares. Etrade Management Ltd Liability Corporation invested in 97,079 shares. Eaton Vance Mgmt has invested 1.05% in Chevron Corporation (NYSE:CVX). Bokf Na accumulated 182,966 shares or 0.62% of the stock. Violich Cap reported 65,167 shares. A D Beadell Inv Counsel reported 8,489 shares. Lourd Cap Limited Liability Company owns 69,932 shares. 13,277 are held by Engineers Gate Manager Ltd Partnership.

Since August 16, 2017, it had 0 insider buys, and 1 insider sale for $3.06 million activity. 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 5.30M 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 Simon Property Group Inc Reit (NYSE:SPG) by 108,198 shares to 705,971 shares, valued at $113.67M in 2017Q3, according to the filing. It also increased its holding in Dct Industrial Trust Inc Reit (NYSE:DCT) by 52,907 shares in the quarter, for a total of 192,704 shares, and has risen its stake in Take (NASDAQ:TTWO).

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 Seekingalpha.com with their article: “Chevron: Is A Near-100% Dividend Payout Ratio A Concern?” published on January 24, 2018, Nasdaq.com published: “Chevron Corporation (CVX) Ex-Dividend Date Scheduled for February 15, 2018” on February 14, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron – The Icarus Syndrome” published on February 10, 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 firm has “Outperform” rating given on Tuesday, September 13 by BMO Capital Markets. HSBC upgraded the shares of CVX in report on Monday, June 5 to “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Thursday, August 24 report. The firm has “Underperform” rating by BNP Paribas given on Friday, May 26. The company was initiated on Monday, December 11 by Credit Suisse. Societe Generale downgraded the stock to “Hold” rating in Wednesday, October 18 report. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by BMO Capital Markets on Friday, September 22. The firm has “Neutral” rating given on Monday, February 5 by Credit Suisse. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Monday, February 5 by Jefferies. The rating was upgraded by Independent Research to “Buy” on Thursday, December 1.

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