Economy

Chevron (NYSE:CVX) Stock Rating Lowered by Bank of America

Following the transaction, the insider now directly owns 42,182 shares of the company's stock, valued at $5,019,658. The institutional investor held 71,856 shares of the central company at the end of 2017Q3, valued at $3.53M, up from 65,706 at the end of the previous reported quarter. Montag A & Associates Inc who had been investing in Chevron Texaco Corp for a number of months, seems to be bullish on the $250.68B market cap company. The stock decreased 0.22% or $0.29 during the last trading session, reaching $131.3.

Bank of America downgraded shares of Chevron (NYSE:CVX) from a buy rating to a neutral rating in a report issued on Thursday, January 4th, MarketBeat reports. It has underperformed by 10.02% the S&P500.

State Board Of Administration Of Florida Retirement System acquired 18,466 shares as Chevron Corp New (CVX)'s stock declined 3.45%. Tiverton Asset Management Llc bought 9,000 shares as the company's stock declined 6.90% while stock markets rallied. Wildcat Capital Management Llc who had been investing in Sabine Royalty Trust for a number of months, seems to be bullish on the $712.78 million market cap company.

The stock decreased 0.08% or $0.01 during the last trading session, reaching $13.06. About 31,206 shares traded or 67.31% up from the average. NRG Energy, Inc. (NYSE:NRG) has risen 1.42% since January 22, 2017 and is uptrending. It has underperformed by 6.99% the S&P500.

Since August 1, 2017, it had 0 insider buys, and 4 insider sales for $11.07 million activity. Canney Jacqueline P sold $125,299 worth of stock or 1,586 shares. $4.33 million worth of stock was sold by Yarrington Patricia E on Wednesday, August 2. Shares for $3.43 million were sold by JOHNSON JAMES WILLIAM.

Investors sentiment increased to 1.14 in 2017 Q3. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. It dropped, as 43 investors sold CVX shares while 696 reduced holdings. 54 funds opened positions while 87 raised stakes. Moreover, Gabelli Funds Limited Liability Corp has 0.43% invested in Chevron Corporation (NYSE:CVX). Wellington Shields And Limited Co invested in 0.35% or 8,929 shares. The firm owned 95,392 shares of the oil and gas company's stock after purchasing an additional 69,417 shares during the period. Artemis Inv Mgmt Limited Liability Partnership, a United Kingdom-based fund reported 376,691 shares. Jarislowsky Fraser has 1.01% invested in Oracle Corporation (NYSE:ORCL) for 3.48M shares. Carderock Capital Management Incorporated stated it has 1.49% in Chevron Corporation (NYSE:CVX). Rothschild Invest Il accumulated 31,383 shares. The Florida-based First Comml Bank Of Mount Dora Tru Investment Serv has invested 0.71% in Chevron Corporation (NYSE:CVX). Moreover, King Wealth Management Group Llc has 0.08% invested in the company for 15,850 shares.

Wrapmanager Inc. lifted its stake in shares of Chevron Co. Atlas Browninc invested 0.67% in Chevron Corporation (NYSE:CVX). Honeywell Intll Inc owns 491,500 shares. Vetr downgraded Chevron from a "buy" rating to a "hold" rating and set a $134.35 price target for the company.in a research note on Thursday, January 11th. Therefore 62% are positive. Old Dominion Freight Line had 41 analyst reports since August 3, 2015 according to SRatingsIntel. Argus Research upgraded the stock to "Buy" rating in Wednesday, December 16 report. Piper Jaffray maintained it with "Buy" rating and $119.0 target in Thursday, August 24 report. The company was downgraded on Wednesday, October 18 by BMO Capital Markets. As per Wednesday, July 19, the company rating was maintained by Jefferies. The company has an average rating of "Hold" and a consensus price target of $126.06. The rating was initiated by Credit Agricole on Tuesday, December 15 with "Outperform". Zacks Investment Research raised Chevron from a "hold" rating to a "buy" rating and set a $129.00 price target on the stock in a research note on Friday, November 17th. As per Friday, March 24, the company rating was maintained by JP Morgan. The stock has "Sell" rating by RBC Capital Markets on Wednesday, December 20. As per Monday, September 21, the company rating was maintained by Deutsche Bank. The rating was maintained by Investec on Thursday, November 3 with "Buy". Therefore 49% are positive. The company was initiated on Friday, January 29 by Guggenheim. The stock of Cinemark Holdings, Inc. The stock has "Buy" rating by Chardan Capital Markets on Monday, October 10. The firm earned "Equal-Weight" rating on Tuesday, October 10 by Barclays Capital. The firm has "Buy" rating by Stephens given on Tuesday, January 2. The rating was maintained by SunTrust with "Neutral" on Monday, October 19. (NYSE:CNK) rating on Friday, August 7. On Wednesday, December 20 the stock rating was maintained by Jefferies with "Buy". Chevron accounts for approximately 1.6% of Courier Capital LLC's holdings, making the stock its 12th biggest holding. Novartis Ag had 34 analyst reports since July 28, 2015 according to SRatingsIntel. They expect $1.19 earnings per share, up 440.91% or $0.97 from last year's $0.22 per share. After $1.03 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 15.53% EPS growth.

Investors sentiment increased to 1.13 in 2017 Q3. Its down 0.19, from 1.03 in 2017Q2. Pathstone Family Office LLC grew its stake in Chevron by 2.5% in the 2nd quarter. Crawford Counsel stated it has 663,190 shares. (NYSE:CNK) or 84 shares. (NYSE:CNK) for 899,950 shares. Quadrant Ltd Liability accumulated 22,114 shares. Shine Investment Advisory Services Inc. bought a new position in Chevron in the 2nd quarter valued at $106,000. Martingale Asset LP reported 18,693 shares. Hedge funds and other institutional investors own 63.87% of the company's stock. (NYSE:CNK) for 178 shares. Asset One Ltd owns 959 shares. The Illinois-based Front Barnett Associate Lc has invested 2.4% in Cinemark Holdings, Inc.

Cullen Frost Bankers Inc. lowered its stake in Chevron Co. Voya Inv Ltd Com stated it has 5.43M shares or 0.56% of all its holdings. (NYSE:CNK). Rocky Mountain Advisers Ltd Com invested in 0.01% or 57 shares.

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