Chevron Corp (CVX) Position Increased by Kepos Capital Lp

May 26, 2018 - By Adrian Erickson

Chevron Corporation (NYSE:CVX) LogoInvestors sentiment increased to 0.99 in 2017 Q4. Its up 0.04, from 0.95 in 2017Q3. It is positive, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. Gruss & invested in 4,000 shares. Moreover, Sit Invest Assoc has 0.02% invested in Chevron Corporation (NYSE:CVX). Fiera Capital holds 0.17% of its portfolio in Chevron Corporation (NYSE:CVX) for 293,483 shares. Moreover, Gulf Int Savings Bank (Uk) has 0.95% invested in Chevron Corporation (NYSE:CVX). Quantitative Systematic Strategies Limited Liability holds 0.23% of its portfolio in Chevron Corporation (NYSE:CVX) for 7,396 shares. The New Hampshire-based Wendell David Associate has invested 0.12% in Chevron Corporation (NYSE:CVX). Vista Partners reported 2,303 shares. Ionic Mngmt Ltd Llc holds 59,000 shares or 0.31% of its portfolio. Shamrock Asset Management Limited Liability accumulated 13,534 shares. 4,775 are owned by Ronna Sue Cohen. Moreover, Neumann Mgmt Lc has 1.71% invested in Chevron Corporation (NYSE:CVX). Tortoise Inv Management Limited Co, New York-based fund reported 3,603 shares. 1.26M were reported by Utd Services Automobile Association. Investment Counselors Of Maryland Limited Com accumulated 5,790 shares. Community And Investment Co has 2.09% invested in Chevron Corporation (NYSE:CVX) for 133,565 shares.

Since April 17, 2018, it had 0 insider purchases, and 8 sales for $48.52 million activity. On Friday, May 11 Geagea Joseph C sold $1.56 million worth of Chevron Corporation (NYSE:CVX) or 12,000 shares. $16.64M worth of Chevron Corporation (NYSE:CVX) was sold by Wirth Michael K on Monday, May 7. Another trade for 25,000 shares valued at $3.26 million was sold by Breber Pierre R. Another trade for 135,000 shares valued at $17.55M was sold by Yarrington Patricia E.

Kepos Capital Lp increased its stake in Chevron Corp (CVX) by 313.22% based on its latest 2017Q4 regulatory filing with the SEC. Kepos Capital Lp bought 30,122 shares as the company’s stock declined 8.26% with the market. The hedge fund held 39,739 shares of the integrated oil company at the end of 2017Q4, valued at $4.98M, up from 9,617 at the end of the previous reported quarter. Kepos Capital Lp who had been investing in Chevron Corp for a number of months, seems to be bullish on the $233.50 billion market cap company. The stock decreased 3.49% or $4.42 during the last trading session, reaching $122.19. About 8.94 million shares traded or 31.82% up from the average. Chevron Corporation (NYSE:CVX) has risen 7.88% since May 26, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Kepos Capital Lp, which manages about $2.11B and $1.11B US Long portfolio, decreased its stake in Jp Morgan Etns/Usa (AMJ) by 371,419 shares to 365,495 shares, valued at $10.04 million in 2017Q4, according to the filing.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Investorplace.com which released: “4 Major Energy Stocks to Ditch Now” on May 25, 2018, also 247Wallst.com with their article: “Short Sellers Up the Ante in Major Oil Stocks” published on May 25, 2018, Seekingalpha.com published: “Chevron Impresses In The Permian” on May 11, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron 2018 Turns Into A Cash Machine” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron: I Was Wrong” with publication date: May 07, 2018.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 15 analysts covering Chevron Corp (NYSE:CVX), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Chevron Corp has $160.0 highest and $110.0 lowest target. $139.33’s average target is 14.03% above currents $122.19 stock price. Chevron Corp had 30 analyst reports since December 1, 2017 according to SRatingsIntel. The rating was upgraded by Barclays Capital on Tuesday, February 6 to “Overweight”. The company was maintained on Monday, April 30 by Barclays Capital. The company was maintained on Wednesday, December 20 by Jefferies. As per Tuesday, January 30, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Monday, February 5 by Jefferies. Credit Suisse initiated it with “Hold” rating and $123.0 target in Monday, December 11 report. The firm has “Neutral” rating by Credit Suisse given on Monday, February 5. The firm earned “Neutral” rating on Wednesday, March 7 by Credit Suisse. BMO Capital Markets upgraded the stock to “Buy” rating in Thursday, January 11 report. The firm earned “Buy” rating on Thursday, December 21 by Cowen & Co.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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