Cambria Investment Management LP Raises Position in Chevron Co. (CVX)

Lester Mason
March 17, 2018

The institutional investor owned 582,412 shares of the oil and gas company's stock after acquiring an additional 69,364 shares during the period. Lincoln National Corp who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $220.44B market cap company. The stock decreased 0.24% or $0.157 during the last trading session, reaching $65.783. About 1.54M shares traded or 0.03% up from the average.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. It has underperformed by 10.02% the S&P500.

Mark Wolfson increased its stake in Wayfair Inc (W) by 207.94% based on its latest 2017Q3 regulatory filing with the SEC. Msdc Management Lp sold 996,649 shares as the company's stock rose 6.08% with the market. Etrade Capital Management Ltd Liability Corp accumulated 0.01% or 11,158 shares. Qv Investors Inc who had been investing in Winmark Corp for a number of months, seems to be bullish on the $510.83M market cap company. About 63,600 shares traded.

Investigating the productivity proportions of Chevron Corporation stock, the speculator will discover its ROE, ROA, ROI remaining at 6.3%, 3.6%, and 1.7%, individually. It has outperformed by 98.78% the S&P500. It also increased its holding in Alphabet Inc by 400 shares in the quarter, for a total of 3,847 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Keel Point LLC increased its stake in Chevron by 0.5% in the second quarter. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 1.03. It dived, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 27,916 are owned by Benjamin F Edwards. Deutsche Bank maintained the stock with "Hold" rating in Friday, February 9 report.


Brookstone Capital Management decreased Chevron Corp New (CVX) stake by 6.01% reported in 2017Q3 SEC filing. Vantage Inv Advsrs Limited Co holds 4,864 shares or 0.15% of its portfolio.

Chevron Corporation (CVX) stock is now trading 1.79% away from its average-price of 200 days while it maintained a distance of -3.79% from its 50 Days Moving Average and 3.07% compared with the 20 Day Moving Average. Evergreen Capital Mgmt Limited Liability Company holds 29,387 shares or 0.4% of its portfolio. Sun Life Fin reported 18,027 shares. Nichols And Pratt Advisers Llp Ma has 7,753 shares. Narwhal Cap Mngmt reported 103,755 shares. Allsquare Wealth Mngmt Ltd Co has invested 0.18% in Chevron Corporation (NYSE:CVX). Stelac Advisory Service Lc reported 27,542 shares.

Since October 16, 2017, it had 0 buys, and 1 sale for $3.06 million activity. Cowen & Co maintained the stock with "Buy" rating in Friday, August 4 report. Eqis invested in 0.01% or 1,609 shares. CVX's profit will be $2.90B for 18.98 P/E if the $1.52 EPS becomes a reality. After $1.01 actual EPS reported by Cedar Fair, L.P. for the previous quarter, Wall Street now forecasts -233.66% negative EPS growth. Excalibur holds 1.56% of its portfolio in Chevron Corporation (NYSE:CVX) for 15,612 shares. Therefore 60% are positive. Exelon Corporation had 72 analyst reports since July 21, 2015 according to SRatingsIntel. For CVX, the company now has 4.81 billion of cash on the books, which is offset by 5.19 billion in current liabilities. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company's stock. RBC Capital Markets maintained Chevron Corporation (NYSE:CVX) on Wednesday, March 9 with "Sector Perform" rating. This based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. Finally, Jefferies Group reissued a "buy" rating and set a $140.00 price objective on shares of Chevron in a report on Wednesday, December 20th. The stock has "Buy" rating by Scotia Capital on Thursday, December 21. On Tuesday, September 5 the stock rating was maintained by Stifel Nicolaus with "Hold". Credit Suisse Group cut their price objective on shares of Chevron from $129.00 to $123.00 and set a "neutral" rating on the stock in a report on Wednesday, March 7th. The firm has "Neutral" rating by Credit Suisse given on Monday, November 2.

Investors sentiment decreased to 1.24 in Q3 2017. Its up 1.10, from 1.25 in 2017Q2. 36 funds opened positions while 71 raised stakes. 13,500 were accumulated by Hutchin Hill Capital Lp. Jacobs Levy Equity Inc holds 207,628 shares or 0.47% of its portfolio. (NYSE:RDN) for 914,100 shares. The New York-based Lucus Advisors Llc has invested 0.35% in the stock. During the same period last year, the company earned $0.22 earnings per share. analysts expect that Chevron Co. will post 6.37 earnings per share for the current year. Regis Management CO LLC now owns 3,269 shares of the oil and gas company's stock worth $341,000 after purchasing an additional 14 shares during the last quarter. Washington Tru State Bank owns 24,895 shares. It also upped Western Digital Corp (NASDAQ:WDC) stake by 4,244 shares and now owns 8,844 shares. Ifc Inc Fl owns 13,190 shares. Capital Growth Mngmt Ltd Partnership accumulated 20,000 shares. Jennison Associates Limited Com owns 287,374 shares. State Treasurer State Of Michigan stated it has 291,297 shares.

Since December 20, 2017, it had 0 insider purchases, and 3 sales for $807,010 activity. Macquarie Research initiated the shares of CVX in report on Wednesday, September 23 with "Underperform" rating.

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