As Chevron Corp (CVX) Shares Declined, Shareholder California Public Employees Retirement System Increased Its Stake

April 17, 2018 - By Jenna Rose

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 improved 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. The Virginia-based Old Point Trust Fin Svcs N A has invested 0.37% in Chevron Corporation (NYSE:CVX). Mariner Wealth Advisors Ltd Liability Com accumulated 104,266 shs or 0.51% of the stock. Ltd Ca has 26,165 shs. Town And Country Natl Bank And Dba First Bankers has 50,332 shs for 3.12% of their capital. Somerset Ltd Liability Com owns 19,215 shs. Godsey & Gibb owns 2.29% invested in Chevron Corporation (NYSE:CVX) for 108,697 shs. Moreover, Jefferies Grp Lc has 0.09% invested in Chevron Corporation (NYSE:CVX). Millennium Management Llc owns 212,779 shs. 20,499 were accumulated by West Oak Limited Liability. Signature Mgmt Inc stated it has 1,804 shs. Murphy Capital Mgmt owns 50,173 shs for 0.86% of their capital. Dixon Hubard Feinour Brown Inc Va owns 0.62% invested in Chevron Corporation (NYSE:CVX) for 18,156 shs. 1.27M were accumulated by Waddell & Reed. Alabama-based Associated Banc has invested 1.45% in Chevron Corporation (NYSE:CVX). Peddock Cap Advsr Ltd Liability Co owns 62,102 shs for 3.9% of their capital.

In Chevron Corp (CVX) was rose the holdings owned by California Public Employees Retirement System. The decrease is 1.8% according to 2017Q4 SEC form. By buying 89,894 shares California Public Employees Retirement System made the stock sank with 8.26%. The integrated oil company at the end of 2017Q4 was valued at $635.41M. It’s up from 4.99M at the end of the previous reported quarter. Now it had 5.08M shares held by the institutional investor . $231.77 billion is the MC of Chevron Corp. CVX reached $121.33 on during the last trading session after $0.63 change.Chevron Corporation has volume of 412,747 shares. Since April 17, 2017 CVX has risen 7.88% and is uptrending. CVX underperformed by 3.67% the S&P500.

About $73.97B US Long portfolio the California Public Employees Retirement System operates. According to a filing the fund decreased its stake in Us Bancorp (NYSE:USB) by 79,394 shares to 4.41 million shares, valued at $236.23 million in 2017Q4. California Public Employees Retirement System has cut its stake in Lyondellbasell Indu (NYSE:LYB) and also reduced its holding in Walt Disney Co/The (NYSE:DIS) by 47,376 shares in the quarter, for a total of 3.99 million shares.

Chevron Corporation (NYSE:CVX) Ratings Coverage

In total 16 analysts cover Chevron (NYSE:CVX). “Buy” rating has 13, “Sell” are 0, while 3 are “Hold”. 81% are bullish. 35 are the (NYSE:CVX)’s analyst reports since October 18, 2017 according to StockzIntelligence Inc. In Friday, January 19 report Jefferies maintained the stock with “Buy” rating. In Tuesday, October 24 report Cowen & Co maintained the stock with “Buy” rating. The company rating was downgraded by Societe Generale on Wednesday, October 18. On Wednesday, December 20 the firm has “Sell” rating by RBC Capital Markets given. In Monday, February 5 report Jefferies maintained it with “Buy” rating and $149.0 target. On Monday, February 5 the firm earned “Neutral” rating by Credit Suisse. In Friday, February 2 report Societe Generale upgraded the stock to “Buy” rating. On Thursday, December 21 the rating was maintained by Scotia Capital with “Buy”. On Thursday, December 21 Cowen & Co maintained Chevron Corporation (NYSE:CVX) rating. Cowen & Co has “Buy” rating and $160.0 target. In Monday, February 5 report Piper Jaffray maintained it with “Buy” rating and $145.0 target.

Chevron Corporation (NYSE:CVX) Institutional Investors Chart

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