As Chevron Corp (CVX) Share Value Rose, Sumitomo Mitsui Trust Holdings INC Has Trimmed Its Position

June 23, 2018 - By reb123z

Chevron Corporation (NYSE:CVX) LogoInvestors sentiment decreased to 0.9 in 2018 Q1. Its down 0.09, from 0.99 in 2017Q4. It turned negative, as 55 investors sold CVX shares while 718 reduced holdings. 114 funds opened positions while 579 raised stakes. 1.19 billion shares or 0.11% more from 1.19 billion shares in 2017Q4 were reported. Mcf Advsrs Limited Liability Corporation owns 4,427 shares. Sand Hill Glob Advsr Ltd Liability Corporation has 0.9% invested in Chevron Corporation (NYSE:CVX). Papp L Roy Associate invested in 89,741 shares or 1.96% of the stock. Ftb holds 49,208 shares. Hardman Johnston Global Advsr Ltd Limited Liability Company reported 3,350 shares. Chickasaw Cap Mngmt Ltd Liability invested in 10,801 shares or 0.03% of the stock. Ancora Advsr Ltd Limited Liability Company has 0.29% invested in Chevron Corporation (NYSE:CVX) for 56,944 shares. Oakmont Ltd Liability Company accumulated 2,743 shares. Fcg Advsr Limited Liability has invested 0.14% in Chevron Corporation (NYSE:CVX). Bartlett And Co Limited Co reported 1.7% stake. Indexiq Advisors Ltd Liability, New York-based fund reported 86,912 shares. Regentatlantic Capital Llc, New Jersey-based fund reported 85,116 shares. First Dallas Securities has invested 0.22% in Chevron Corporation (NYSE:CVX). Cibc Mkts Corp holds 0.47% or 385,523 shares in its portfolio. Sawgrass Asset Mngmt Ltd Company reported 17,361 shares stake.

Since April 17, 2018, it had 0 insider buys, and 10 sales for $50.35 million activity. Breber Pierre R sold 25,000 shares worth $3.26M. On Friday, May 11 Yarrington Patricia E sold $17.55M worth of Chevron Corporation (NYSE:CVX) or 135,000 shares. Shares for $16.64M were sold by Wirth Michael K on Monday, May 7. $1.54M worth of Chevron Corporation (NYSE:CVX) was sold by Geagea Joseph C. Pate R. Hewitt sold $3.31 million worth of stock.

Sumitomo Mitsui Trust Holdings Inc decreased its stake in Chevron Corp (CVX) by 1.48% based on its latest 2018Q1 regulatory filing with the SEC. Sumitomo Mitsui Trust Holdings Inc sold 86,839 shares as the company’s stock rose 6.62% while stock markets declined. The institutional investor held 5.80M shares of the integrated oil company at the end of 2018Q1, valued at $661.09 million, down from 5.88M at the end of the previous reported quarter. Sumitomo Mitsui Trust Holdings Inc who had been investing in Chevron Corp for a number of months, seems to be less bullish one the $239.06B market cap company. The stock increased 2.05% or $2.51 during the last trading session, reaching $125.1. About 8.91M shares traded or 31.88% up from the average. Chevron Corporation (NYSE:CVX) has risen 16.25% since June 23, 2017 and is uptrending. It has outperformed by 3.68% the S&P500.

Sumitomo Mitsui Trust Holdings Inc, which manages about $77.76 billion US Long portfolio, upped its stake in Morgan Stanley (NYSE:MS) by 201,350 shares to 4.28M shares, valued at $230.90M in 2018Q1, according to the filing. It also increased its holding in C by 70,670 shares in the quarter, for a total of 354,859 shares, and has risen its stake in Time Warner Inc (NYSE:TWX).

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on July, 27. They expect $1.93 earnings per share, up 112.09 % or $1.02 from last year’s $0.91 per share. CVX’s profit will be $3.69 billion for 16.20 P/E if the $1.93 EPS becomes a reality. After $1.90 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 1.58 % EPS growth.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron appoints Brazil chief to lead Venezuela operations” on June 09, 2018, also Seekingalpha.com with their article: “Chevron: Bullish Off-Season Asian LNG Pricing” published on June 07, 2018, Seekingalpha.com published: “Chevron starts second Wheatstone LNG production train” on June 15, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Alberto affecting Gulf oil production” published on May 28, 2018 as well as Seekingalpha.com‘s news article titled: “FT: Exxon, Chevron accused over tax secrecy” with publication date: June 06, 2018.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 16 analysts covering Chevron Corp (NYSE:CVX), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Chevron Corp has $160.0 highest and $115.0 lowest target. $144.36’s average target is 15.40% above currents $125.1 stock price. Chevron Corp had 27 analyst reports since January 4, 2018 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, January 23 report. Jefferies maintained Chevron Corporation (NYSE:CVX) on Monday, February 5 with “Buy” rating. Piper Jaffray maintained Chevron Corporation (NYSE:CVX) on Monday, February 5 with “Buy” rating. The stock of Chevron Corporation (NYSE:CVX) has “Hold” rating given on Friday, April 13 by RBC Capital Markets. Raymond James upgraded the stock to “Outperform” rating in Monday, June 18 report. HSBC downgraded Chevron Corporation (NYSE:CVX) on Thursday, January 18 to “Hold” rating. BMO Capital Markets upgraded Chevron Corporation (NYSE:CVX) rating on Thursday, January 11. BMO Capital Markets has “Buy” rating and $140.0 target. The firm has “Buy” rating by Bank of America given on Wednesday, February 28. The stock has “Hold” rating by Bank of America on Thursday, January 4. RBC Capital Markets maintained Chevron Corporation (NYSE:CVX) on Tuesday, January 30 with “Sell” rating.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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