As Chevron Corp. (CVX) Stock Declined, Hgk Asset Management INC Has Decreased Its Holding by $6.27 Million

Chevron Corporation (NYSE:CVX) LogoInvestors sentiment increased to 1.03 in 2018 Q2. Its up 0.13, from 0.9 in 2018Q1. It is positive, as 33 investors sold CVX shares while 684 reduced holdings. 136 funds opened positions while 604 raised stakes. 1.19 billion shares or 0.47% more from 1.19 billion shares in 2018Q1 were reported. Barrow Hanley Mewhinney And Strauss Ltd Co owns 1.51% invested in Chevron Corporation (NYSE:CVX) for 7.40 million shares. Saturna Cap owns 4,294 shares. 1St Source Bancorp stated it has 62,918 shares. Twin Capital Mngmt Incorporated owns 143,720 shares. Ontario Teachers Pension Plan Board invested in 0.07% or 39,423 shares. Macnealy Hoover Invest Inc has 3.41% invested in Chevron Corporation (NYSE:CVX). Rathbone Brothers Plc holds 83,848 shares or 0.4% of its portfolio. Signaturefd Lc accumulated 15,825 shares. Vnbtrust National Association stated it has 0.35% in Chevron Corporation (NYSE:CVX). Brown Brothers Harriman, a New York-based fund reported 94,563 shares. Glenmede Trust Comm Na invested in 1.53M shares. Inspirion Wealth Advisors Limited Liability Company reported 1,945 shares. Meristem Ltd Liability Partnership holds 0.13% or 2,953 shares in its portfolio. Apriem Advsr stated it has 0.24% in Chevron Corporation (NYSE:CVX). Aristotle Capital Management Llc stated it has 4,632 shares.

Since June 14, 2018, it had 0 buys, and 4 selling transactions for $2.85 million activity.

Hgk Asset Management Inc decreased its stake in Chevron Corp. (CVX) by 27.8% based on its latest 2018Q2 regulatory filing with the SEC. Hgk Asset Management Inc sold 49,793 shares as the company’s stock declined 8.88% while stock markets rallied. The institutional investor held 129,307 shares of the integrated oil company at the end of 2018Q2, valued at $16.35M, down from 179,100 at the end of the previous reported quarter. Hgk Asset Management Inc who had been investing in Chevron Corp. for a number of months, seems to be less bullish one the $221.48 billion market cap company. The stock decreased 1.13% or $1.33 during the last trading session, reaching $115.91. About 10.72 million shares traded or 90.12% up from the average. Chevron Corporation (NYSE:CVX) has risen 2.93% since December 7, 2017 and is uptrending. It has underperformed by 12.69% the S&P500.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on February, 1. They expect $2.40 earnings per share, up 228.77 % or $1.67 from last year’s $0.73 per share. CVX’s profit will be $4.59 billion for 12.07 P/E if the $2.40 EPS becomes a reality. After $2.11 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 13.74 % EPS growth.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Total S.A. – Key Takeaways From The Third Quarter 2018 – Seeking Alpha” on November 26, 2018, also Streetinsider.com with their article: “Chevron (CVX) Reports Election of Debra Reed-Klages to Board – StreetInsider.com” published on December 06, 2018, Benzinga.com published: “Amazon.com, Inc. (NASDAQ:AMZN), Chevron Corporation (NYSE:CVX) – October’s Biggest Losers And Most Surprising Winners – Benzinga” on November 21, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Investorplace.com and their article: “10 Value Stocks to Buy for December – Investorplace.com” published on November 30, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron Corp. – Key Takeaways From Third Quarter 2018 Results – Seeking Alpha” with publication date: November 19, 2018.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 8 analysts covering Chevron (NYSE:CVX), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Chevron has $158 highest and $135 lowest target. $143.17’s average target is 23.52% above currents $115.91 stock price. Chevron had 8 analyst reports since June 8, 2018 according to SRatingsIntel. Wells Fargo maintained Chevron Corporation (NYSE:CVX) on Monday, November 5 with “Outperform” rating. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Thursday, September 6 by Bank of America. The rating was upgraded by Raymond James on Monday, June 18 to “Outperform”. The rating was downgraded by Macquarie Research on Tuesday, July 3 to “Neutral”. The firm earned “Outperform” rating on Monday, November 5 by Credit Suisse. Barclays Capital maintained the shares of CVX in report on Wednesday, July 11 with “Overweight” rating.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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