As Chevron Corp New (CVX) Market Valuation Rose, Tower Research Capital LLC Trc Has Lowered Its Position by $6.46 Million

Chevron Corporation (NYSE:CVX) LogoInvestors sentiment increased to 1.02 in Q1 2019. Its up 0.02, from 1 in 2018Q4. It increased, as 48 investors sold CVX shares while 653 reduced holdings. 137 funds opened positions while 580 raised stakes. 1.19 billion shares or 3.90% less from 1.24 billion shares in 2018Q4 were reported. Jones Fin Lllp owns 96,680 shares for 0.03% of their portfolio. Fayez Sarofim & stated it has 3.27% of its portfolio in Chevron Corporation (NYSE:CVX). S&Co Inc, a Massachusetts-based fund reported 54,066 shares. Aviance Mgmt Ltd, Florida-based fund reported 42,331 shares. Pacific Heights Asset Mgmt Limited Liability Com holds 100,000 shares or 1.61% of its portfolio. Bryn Mawr Tru holds 0.42% or 62,327 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.59% of its portfolio in Chevron Corporation (NYSE:CVX) for 537,822 shares. Weiss Multi holds 0.03% or 8,899 shares. Kidder Stephen W invested in 17,745 shares. Tower Rech Cap Lc (Trc) invested in 42,841 shares. Beacon Financial Gru accumulated 16,398 shares or 0.33% of the stock. Dean Inv Assocs Ltd Llc invested in 66,256 shares or 1.19% of the stock. Meyer Handelman invested in 1.75% or 272,553 shares. Capital Sarl, California-based fund reported 27,983 shares. First Hawaiian Bankshares reported 0.43% stake.

Since January 15, 2019, it had 0 insider buys, and 1 sale for $838,808 activity. Ourada Jeanette L also sold $838,808 worth of Chevron Corporation (NYSE:CVX) shares.

Tower Research Capital Llc Trc decreased its stake in Chevron Corp New (CVX) by 55.08% based on its latest 2019Q1 regulatory filing with the SEC. Tower Research Capital Llc Trc sold 52,532 shares as the company’s stock rose 2.15% with the market. The institutional investor held 42,841 shares of the integrated oil company at the end of 2019Q1, valued at $5.28 million, down from 95,373 at the end of the previous reported quarter. Tower Research Capital Llc Trc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $239.98 billion market cap company. The stock increased 0.44% or $0.55 during the last trading session, reaching $125.98. About 3.76 million shares traded. Chevron Corporation (NYSE:CVX) has declined 6.33% since July 14, 2018 and is downtrending. It has underperformed by 10.76% the S&P500.

Tower Research Capital Llc Trc, which manages about $1.65B US Long portfolio, upped its stake in Enbridge Inc (NYSE:ENB) by 86,714 shares to 87,769 shares, valued at $3.18M in 2019Q1, according to the filing. It also increased its holding in Ishares Tr (IWV) by 102,723 shares in the quarter, for a total of 102,781 shares, and has risen its stake in Ishares Tr (IVW).

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on July, 26. They expect $2.03 EPS, up 14.04 % or $0.25 from last year’s $1.78 per share. CVX’s profit will be $3.87 billion for 15.51 P/E if the $2.03 EPS becomes a reality. After $1.39 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 46.04 % EPS growth.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron’s Venezuela oil assets threatened with seizure – Seeking Alpha” on July 10, 2019, also Seekingalpha.com with their article: “Energy Investing Showdown: Midstream/MLPs Vs. Majors Vs. Broader Energy – Seeking Alpha” published on June 19, 2019, Finance.Yahoo.com published: “Should You Consider Chevron Corporation (NYSE:CVX)? – Yahoo Finance” on April 26, 2019. More interesting news about Chevron Corporation (NYSE:CVX) were released by: 247Wallst.com and their article: “Short Sellers Hold Their Ground on Energy Stocks – 24/7 Wall St.” published on July 11, 2019 as well as Seekingalpha.com‘s news article titled: “Chevron Phillips, Qatar to build Middle East’s biggest ethylene plant – Seeking Alpha” with publication date: June 24, 2019.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 10 analysts covering Chevron (NYSE:CVX), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Chevron has $150 highest and $130 lowest target. $139.89’s average target is 11.04% above currents $125.98 stock price. Chevron had 19 analyst reports since January 18, 2019 according to SRatingsIntel. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Wednesday, March 6 by Barclays Capital. The company was maintained on Monday, June 24 by Morgan Stanley. The firm earned “Buy” rating on Thursday, February 28 by Cowen & Co. Bank of America maintained Chevron Corporation (NYSE:CVX) rating on Wednesday, March 6. Bank of America has “Hold” rating and $130 target. RBC Capital Markets maintained the shares of CVX in report on Wednesday, March 6 with “Hold” rating. Citigroup maintained the stock with “Buy” rating in Monday, May 13 report. As per Wednesday, March 20, the company rating was maintained by Societe Generale. Morgan Stanley maintained it with “Overweight” rating and $14900 target in Thursday, May 16 report. Citigroup maintained the shares of CVX in report on Monday, April 15 with “Buy” rating. The rating was maintained by Mizuho with “Buy” on Wednesday, March 6.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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