Shares of Chevron Corporation (CVX) Sees Large Inflow of Net Money Flow

Cornelia Mascio
Febbraio 4, 2017

Chevron Corporation (NYSE:CVX) belonging to the Oils-Energy sector has surged 1.09% and closed its last trading session at $112.21. The company has a market cap of $209,542 M and the number of outstanding shares has been calculated to be 1,88,77,69,300 shares.

Several insiders were part of recent insider activity for the stock.

Hedge funds have recently made changes to their positions in the company.

First Commonwealth Financial Corp PA increased its position in shares of Chevron Corporation by 0.3% in the second quarter. First Commonwealth Financial Corp PA now owns 4,243 shares of the company's stock valued at $444,000 after buying an additional 12 shares during the last quarter. The company's P/E is 0 and Forward P/E ratio is 17.53. Shares registered one year high at $29.21 and the one year low of $21.01. Compass Capital Management Inc. now owns 5,248 shares of the company's stock valued at $540,000 after buying an additional 15 shares during the last quarter. Chevron Corporation was Downgraded by HSBC Securities to " Hold" on Jan 10, 2017. The difference between the estimated and actual earnings was $-0.43 per share.

Chevron Corporation (NYSE:CVX) opened at 112.21 on Friday. These analysts have also projected a Low Estimate of $0.31/share and a High Estimate of $1.33/share. The stock's 50 day moving average price is $116.23 and its 200 day moving average price is $107.06. After this transaction, the insider's stake stands at 25,442 shares, with a market value of $2854847.

Chevron Corporation (NYSE:CVX) last announced its quarterly earnings results on Friday, October 28th.

The company reported its EPS on 01/27/2017.

Bullish analyst anticipates the company recording EPS of $7.36 whereas the bearish target is $3.49.

Executives hold 0.05 percent of the stock. The business earned $31.50 billion during the quarter, compared to the consensus estimate of $35.24 billion. That is compared with the $-0.11 in EPS it reported during the same period a year ago. Chevron Corporation makes up approx 0.42% of Smith Asset Management Group Lp's portfolio.Asset Management firm, Amica Retiree Medical Trust reduced its stake in CVX by selling 3,123 shares or 37.53% in the most recent quarter. Shareholders of record on Thursday, February 16th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Tuesday, February 14th. Alley Co LLC acquired a new stake in shares of Chevron Corporation during the fourth quarter worth approximately $1,953,000.

11/01/2016 - Chevron Corporation was upgraded to "overweight" by analysts at Morgan Stanley.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is owned by of The Cerbat Gem. The legal version of this report can be accessed at (NYSE:MTW) as "STRONG BUY", 0 rated as "BUY" and 12 issued a "HOLD" rating.

A total of 22 brokerages have issued a ratings update on Chevron Corporation. Goldman Sachs Group, Inc. Chevron Corporation was Upgraded by BofA/Merrill to " Buy" on Jan 4, 2017.

Chevron Corporation (NYSE:CVX) will report its next earnings on April 27 - May 1 (Est.). Finally, Vetr raised shares of Chevron Corporation from a "strong sell" rating to a "sell" rating and set a $102.56 target price for the company in a research note on Tuesday, January 10th.

According to the the latest analyst ratings which have been released, 8 brokers have issued a rating of "buy", 10 brokers "outperform", 8 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". The stock has blown through analysts' low price target of US$95, but is still below the high US$145 target.

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