Economy

Kornitzer Capital Management Inc. KS Reduces Stake in Chevron Corporation (CVX)

Winslow Evans And Crocker Inc invested 0% in Chevron Corporation (NYSE:CVX). RPg Family Wealth Advisory LLC now owns 1,058 shares of the company's stock valued at $101,000 after buying an additional 134 shares in the last quarter. The net liquids component of oil-equivalent production increased 5 percent to 1.19 million barrels per day in the 2017 third quarter, while net natural gas production increased 25 percent to 5.05 billion cubic feet per day. Daiwa SB Investments Ltd. lifted its holdings in Chevron Corporation by 438.5% in the second quarter. Everett Harris & Company acquired 4,229 shares as Chevron Corporation (CVX)'s stock declined 3.45%. Carnick & Kubik LLC bought a new stake in Chevron Corp. during the first quarter valued at about $188,000. New Capital Management LP now owns 1,455 shares of the oil and gas company's stock valued at $156,000 after acquiring an additional 4 shares in the last quarter. Finally, Terril Brothers Inc. lifted its holdings in Chevron Corporation by 5.4% in the second quarter. The overall volume in the last trading session was 2 million shares. The shares were sold at an average price of $98.77, for a total transaction of $2,074,170.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Pierre R. Breber sold 21,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. A lower P/B ratio could mean that the stock is undervalued. Following the completion of the sale, the vice president now owns 25,500 shares of the company's stock, valued at approximately $3,060,000. The disclosure for this sale can be found here.

Montgomery Investment Management Inc decreased its stake in Chevron Corporation (CVX) by 12.48% based on its latest 2017Q2 regulatory filing with the SEC. Truenorth owns 0.5% invested in Chevron Corporation (NYSE:CVX) for 9,980 shares. Sumitomo Life Insurance owns 1.06% invested in Chevron Corporation (NYSE:CVX) for 77,723 shares. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and global copyright laws. The correct version of this report can be viewed at https://www.truebluetribune.com/2017/10/27/chevron-corporation-cvx-stock-rating-lowered-by-vetr-inc.html.

This Wednesday, May 3, 2017, photo shows a a sign with gas prices at a Chevron station in Miami. The stock of Chevron Corporation (NYSE:CVX) has "Buy" rating given on Wednesday, December 2 by Citigroup. J P Morgan Chase & Co reaffirmed an overweight rating on shares of Chevron Corporation in a research report on Saturday, September 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. Vetr now has $124.92 target price on the oil and gas company's stock.

SAN RAMON, Calif. (AP) - Chevron Corp. The company has market cap of $1.40 billion. The firm's 50-day moving average price is $116.86 and its 200-day moving average price is $108.94. Atlanta Grp reported 0.31% of its portfolio in Chevron Corporation (NYSE:CVX). Chevron Corporation had 89 analyst reports since August 4, 2015 according to SRatingsIntel.

The oil company posted revenue of $36.21 billion in the period, also topping Street forecasts. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $1.10. Chevron Corporation's quarterly revenue was up 17.8% compared to the same quarter past year. On average, equities analysts predict that Chevron Corporation will post $4.07 earnings per share for the current year. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.65%. Chevron Corporation's dividend payout ratio (DPR) is presently 140.26%.



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