Parametric Portfolio Associates LLC Position in Chevron Corp (CVX) Has Decreased as Share Price Declined

February 15, 2018 - By Vivian Currie

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It dropped, 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. Tiedemann Wealth Ltd Co holds 59,025 shares or 0.4% of its portfolio. Alps Advisors owns 0.35% invested in Chevron Corporation (NYSE:CVX) for 417,252 shares. Centurylink has invested 0.46% in Chevron Corporation (NYSE:CVX). Cue Financial invested in 0.53% or 6,491 shares. Moreover, Credit Suisse Ag has 0.49% invested in Chevron Corporation (NYSE:CVX). Invest Centers Of America owns 38,436 shares. Cubist Systematic Strategies Limited Liability Co, Connecticut-based fund reported 6,179 shares. Family Mngmt Corporation has invested 0.32% in Chevron Corporation (NYSE:CVX). Gw Henssler And Limited holds 127,793 shares. Cap Mngmt Ltd Liability Corporation stated it has 0.06% in Chevron Corporation (NYSE:CVX). The Georgia-based Vident Advisory Ltd Llc has invested 0.04% in Chevron Corporation (NYSE:CVX). Cheviot Value Ltd Liability, a California-based fund reported 35,067 shares. Capstone Financial Inc accumulated 2,376 shares. Cibc Asset Mgmt has invested 0.18% of its portfolio in Chevron Corporation (NYSE:CVX). Palisades Hudson Asset Management LP reported 3,769 shares.

Since August 16, 2017, it had 0 insider purchases, and 1 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 5.30 million 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 $212.16B market cap company. The stock decreased 0.72% or $0.81 during the last trading session, reaching $111.7. About 3.38 million 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 $89.70 billion US Long portfolio, upped its stake in Graco Inc (NYSE:GGG) by 38,415 shares to 655,299 shares, valued at $81.05M in 2017Q3, according to the filing. It also increased its holding in Bhp Billiton Ltd Sponsored Adr (NYSE:BHP) by 139,033 shares in the quarter, for a total of 1.33M shares, and has risen its stake in Oracle Corp (NYSE:ORCL).

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron: Is A Near-100% Dividend Payout Ratio A Concern?” on January 24, 2018, also Seekingalpha.com with their article: “Chevron – The Icarus Syndrome” published on February 10, 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: Investorplace.com and their article: “5 Notable Dividend Stocks Boost Payouts, Including Chevron Corporation (CVX)” published on February 05, 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 rating was maintained by Credit Suisse with “Hold” on Tuesday, January 23. BMO Capital Markets maintained Chevron Corporation (NYSE:CVX) rating on Friday, September 22. BMO Capital Markets has “Buy” rating and $120.0 target. As per Friday, February 2, the company rating was upgraded by Societe Generale. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Wednesday, January 4 by Bank of America. Jefferies maintained Chevron Corporation (NYSE:CVX) rating on Tuesday, August 29. Jefferies has “Buy” rating and $130.0 target. BNP Paribas downgraded the shares of CVX in report on Friday, May 26 to “Underperform” rating. RBC Capital Markets maintained the shares of CVX in report on Friday, August 18 with “Sell” rating. RBC Capital Markets maintained Chevron Corporation (NYSE:CVX) on Friday, October 27 with “Sell” rating. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, October 18 report. As per Tuesday, August 4, the company rating was downgraded by S&P Research.

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