Chevron Corp (NYSE:CVX) Institutional Investor Positioning Change

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Sentiment for Chevron Corp (NYSE:CVX)

Chevron Corp (NYSE:CVX) institutional sentiment increased to 1.03 in Q2 2018. Its up 0.13, from 0.9 in 2018Q1. The ratio is more positive, as 740 active investment managers started new or increased positions, while 717 decreased and sold holdings in Chevron Corp. The active investment managers in our partner’s database now possess: 1.19 billion shares, up from 1.19 billion shares in 2018Q1. Also, the number of active investment managers holding Chevron Corp in their top 10 positions increased from 102 to 143 for an increase of 41. Sold All: 33 Reduced: 684 Increased: 604 New Position: 136.

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum activities worldwide. The company has market cap of $222.18 billion. The firm operates in two divisions, Upstream and Downstream. It has a 18.3 P/E ratio. The Upstream segment is involved in the exploration, development, and production of natural gas and crude oil; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

The stock increased 0.81% or $0.93 during the last trading session, reaching $116.28. About 4.08 million shares traded. Chevron Corporation (NYSE:CVX) has risen 2.93% since November 14, 2017 and is uptrending. It has underperformed by 12.69% the S&P500.

Adams Natural Resources Fund Inc. holds 10.54% of its portfolio in Chevron Corporation for 569,300 shares. Alleghany Corp De owns 3.23 million shares or 10.47% of their US portfolio. Moreover, Cortland Advisers Llc has 7.7% invested in the company for 1.25 million shares. The Florida-based Glaxis Capital Management Llc has invested 6.56% in the stock. American Investment Services Inc., a Massachusetts-based fund reported 137,990 shares.

Since January 1, 0001, it had 0 insider purchases, and 4 selling transactions for $2.95 million activity.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Ratings analysis reveals 75% of Chevron’s analysts are positive. Out of 8 Wall Street analysts rating Chevron, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $135 while the high is $160. The stock’s average target of $143.17 is 23.13% above today’s ($116.28) share price. CVX was included in 9 notes of analysts from June 7, 2018. The stock of Chevron Corporation (NYSE:CVX) earned “Outperform” rating by Credit Suisse on Monday, November 5. The firm has “Outperform” rating by Wells Fargo given on Thursday, June 7. The firm has “Overweight” rating by Barclays Capital given on Wednesday, July 11. Bank of America downgraded Chevron Corporation (NYSE:CVX) rating on Thursday, September 6. Bank of America has “Neutral” rating and $135 target. The rating was maintained by Wells Fargo with “Outperform” on Monday, November 5. Macquarie Research downgraded Chevron Corporation (NYSE:CVX) on Tuesday, July 3 to “Neutral” rating. The firm has “Outperform” rating given on Monday, June 18 by Raymond James.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron Corporation 2018 Q3 – Results – Earnings Call Slides” on November 13, 2018, also Seekingalpha.com with their article: “Chevron Versus Exxon – My ‘Experiment’ In Long-Term Wealth Creation (Update)” published on November 05, 2018, Investorplace.com published: “5 Must-See Stock Charts for Wednesday: Oil’s Slippery Slope” on November 13, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Streetinsider.com and their article: “UPDATE: Chevron (CVX), ExxonMobil (XOM) Said to Weigh Bids for Endeavor Energy – Bloomberg” published on November 12, 2018 as well as Benzinga.com‘s news article titled: “October’s biggest Losers And Most Surprising Winners” with publication date: November 12, 2018.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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