New York State Common Retirement Fund Stake in Chevron Corporation (CVX) Decreased

May 16, 2018 - By Margaret Guttierez

Chevron Corporation (NYSE:CVX) Corporate LogoBig Money Sentiment increased to 0.99 in Q4 2017. It has change of 0.04, from 2017Q3’s 0.95. The ratio is positive due to CVX positioning: 51 sold and 686 reduced. 122 funds amassed positions and 608 increased positions. Investors holded 1.18 billion in 2017Q3 but now own 1.19 billion shares or 0.58% more. Twin Cap holds 1.22% or 198,550 shs. Schaper Benz Wise Inv Counsel Incorporated Wi reported 2,364 shs. St Johns Investment Limited Liability Com holds 9,167 shs or 0.84% of its capital. M&T Fincl Bank reported 0.92% of its capital in Chevron Corporation (NYSE:CVX). Spirit Of America Mngmt accumulated 8,260 shs. Baldwin Investment Management Lc, Pennsylvania-based fund reported 3,416 shs. Savings Bank Of America De owns 0.46% invested in Chevron Corporation (NYSE:CVX) for 22.11M shs. Virginia Retirement Et Al stated it has 788,532 shs. Plante Moran Fincl Advsr Llc holds 7,715 shs or 0.54% of its capital. Voloridge Invest Management Limited Liability owns 124,701 shs. Alexandria Cap Ltd Company owns 3,880 shs. Cape Ann National Bank accumulated 11,827 shs. Confluence Invest Mgmt Ltd Liability Company reported 2.05% stake. Lenox Wealth Incorporated stated it has 0.05% of its capital in Chevron Corporation (NYSE:CVX). Aperio Gru Lc owns 951,975 shs.

CVX had 5 sales and 0 insider purchases since April 17, 2018. This’s net activity of $26.15 million. $1.54M worth of Chevron Corporation (NYSE:CVX) was sold by Geagea Joseph C on Monday, May 7. Shares for $3.11 million were sold by Pate R. Hewitt on Tuesday, April 17.

New York State Common Retirement Fund’s holdings in Chevron Corporation (CVX) is reduced by 1.22% based on its latest 2017Q4 regulatory filing with the SEC. By selling 66,460 shares New York State Common Retirement Fund made the stock sank with 8.26%. At the end of 2017Q4, the 5.36M shares of the integrated oil company held by the institutional investor were priced at $671.33 million, down from 5.43M at the end of the previous reported quarter. $246.70B is the MC of Chevron Corporation. Ticker’s shares touched $129.096 during the last trading session after 0.50% change.Currently Chevron Corporation is uptrending after 7.88% change in last May 16, 2017. CVX has also 2.99M shares volume. The stock underperformed the S&P 500 by 3.67%.

According to a filing the New York State Common Retirement Fund’s stake in Automatic Data Processing (NASDAQ:ADP) was increased by 135,666 shares to 1.62 million shares valued at $190.18M in 2017Q4. It operates about $83.07B US Long portfolio. For a total of 4.38 million shares it increased its holding in Starbucks Corporation (NASDAQ:SBUX) by 67,561 shares in the quarter, and has risen its stake in Msa Safety Inc (NYSE:MSA).

On July, 27 WallStreet expected Chevron Corporation (NYSE:CVX)’s earnings report, according to Faxor. Analysts forecast $1.87 earnings per share. That’s $0.96 up or 105.49 % from 2017’s earnings of $0.91. If $1.87 is reported, CVX’s profit will hit $3.57B for 17.26 P/E. Last quarter $1.90 earnings per share was reported. Analysts sees -1.58 % negative EPS growth this quarter.

For more Chevron Corporation (NYSE:CVX) news announced briefly go to: Benzinga.com, Investorplace.com, Seekingalpha.com, 247Wallst.com or Seekingalpha.com. The titles are as follows: “Energy Sector Earns An Upgrade” announced on May 16, 2018, “Use Cautious Optimism With Chevron Corporation Stock Right Now” on May 15, 2018, “When Football Players Practice Ballet: Chevron Stays On Its Toes In The Permian” with a publish date: May 16, 2018, “Crude Oil Price Narrows Loss as Inventory Slides” and the last “Chevron 2018 Turns Into A Cash Machine” with publication date: May 03, 2018.

Chevron Corporation (NYSE:CVX) Ratings Coverage

In total 15 analysts cover Chevron Corp (NYSE:CVX). “Buy” rating has 12, “Sell” are 0, while 3 are “Hold”. 80% are bullish. 30 are the (NYSE:CVX)’s analyst reports since December 1, 2017 according to StockzIntelligence Inc. On Thursday, January 4 the stock has “Hold” rating by Bank of America. On Wednesday, January 24 Morgan Stanley maintained Chevron Corporation (NYSE:CVX) with “Overweight” rating. On Tuesday, February 6 the firm has “Buy” rating given by Wells Fargo. On Monday, December 11 the rating was initiated by Credit Suisse with “Hold”. On Friday, February 2 the stock has “Buy” rating by Societe Generale. On Tuesday, January 23 Piper Jaffray maintained Chevron Corporation (NYSE:CVX) rating. Piper Jaffray has “Buy” rating and $153.0 target. On Wednesday, March 7 the rating was maintained by Credit Suisse with “Neutral”. On Tuesday, January 23 Credit Suisse maintained Chevron Corporation (NYSE:CVX) with “Hold” rating. On Tuesday, January 30 the rating was maintained by RBC Capital Markets with “Sell”. On Thursday, January 18 the stock of Chevron Corporation (NYSE:CVX) earned “Hold” rating by HSBC.

Chevron Corporation (NYSE:CVX) Institutional Investors Chart

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