Chevron Corp New (CVX) Stock Price Declined While Shelton Capital Management Has Decreased Stake

March 14, 2018 - By Marguerite Chambers

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It turned negative, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. North Amer Mgmt owns 3,018 shares. Bristol John W Ny stated it has 0.01% in Chevron Corporation (NYSE:CVX). Stifel Financial has invested 0.78% in Chevron Corporation (NYSE:CVX). Cornerstone Capital holds 0.4% or 19,591 shares. Ray Gerald L & Associate Limited holds 0.59% or 40,030 shares. Hourglass Cap Limited Company holds 29,059 shares or 0.81% of its portfolio. Creative Planning invested in 0.14% or 264,549 shares. Cobblestone Cap Advsr has 29,418 shares for 0.43% of their portfolio. D E Shaw Co reported 231,214 shares. Beese Fulmer Mngmt owns 51,315 shares. Newman Dignan And Sheerar owns 13,117 shares. 663,025 were accumulated by Sei Invests Company. Brookstone Cap reported 0.56% of its portfolio in Chevron Corporation (NYSE:CVX). West Oak Cap Limited Liability Com reported 1.46% of its portfolio in Chevron Corporation (NYSE:CVX). Chemung Canal Tru accumulated 55,592 shares or 1.49% of the stock.

Since October 16, 2017, it had 0 buys, and 1 sale for $3.06 million activity.

Shelton Capital Management decreased its stake in Chevron Corp New (CVX) by 14.71% based on its latest 2017Q3 regulatory filing with the SEC. Shelton Capital Management sold 37,174 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 215,623 shares of the integrated oil company at the end of 2017Q3, valued at $25.34M, down from 252,797 at the end of the previous reported quarter. Shelton Capital Management who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $220.91B market cap company. The stock decreased 0.70% or $0.8155 during the last trading session, reaching $115.6445. About 2.65 million shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since March 14, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Shelton Capital Management, which manages about $1.01 billion and $1.29 billion US Long portfolio, upped its stake in Te Connectivity Ltd (NYSE:TEL) by 73,400 shares to 76,636 shares, valued at $6.37M in 2017Q3, according to the filing. It also increased its holding in Abbvie Inc (NYSE:ABBV) by 47,700 shares in the quarter, for a total of 127,799 shares, and has risen its stake in Kellogg Co (NYSE:K).

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27. They expect $1.52 earnings per share, up 7.80 % or $0.11 from last year’s $1.41 per share. CVX’s profit will be $2.90 billion for 19.02 P/E if the $1.52 EPS becomes a reality. After $0.73 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 108.22 % EPS growth.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: which released: “Advisory: Chevron Corporation’s 2018 Security Analyst Meeting” on February 26, 2018, also with their article: “Why Chevron Corporation’s Stock Slid 10.9% in February” published on March 07, 2018, published: “Chevron Phillips Chemical launches 1.5M tons/year ethane cracker” on March 12, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: and their article: “Added More Chevron Now Selling A Call” published on March 07, 2018 as well as‘s news article titled: “Chevron: A Good Time To Sell” with publication date: March 14, 2018.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 118 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Wells Fargo on Tuesday, February 6. The firm has “Buy” rating by Cowen & Co given on Thursday, February 22. RBC Capital Markets maintained it with “Sector Perform” rating and $90 target in Wednesday, March 9 report. The stock has “Buy” rating by Goldman Sachs on Monday, October 31. The rating was maintained by Jefferies with “Buy” on Tuesday, October 3. The stock of Chevron Corporation (NYSE:CVX) earned “Neutral” rating by Credit Suisse on Wednesday, March 9. BMO Capital Markets maintained the shares of CVX in report on Friday, September 22 with “Buy” rating. The firm has “Hold” rating given on Tuesday, October 3 by Wells Fargo. The firm has “Buy” rating given on Friday, January 19 by Jefferies. Cowen & Co maintained the stock with “Buy” rating in Thursday, December 21 report.

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