Chevron Corp New (CVX) Shareholder State Of Wisconsin Investment Board Has Upped Its Stake by $24.04 Million as Share Value Declined

March 18, 2018 - By Ellis Scott

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It is 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. Halsey Ct invested 0.19% of its portfolio in Chevron Corporation (NYSE:CVX). Brown Brothers Harriman & has invested 0.06% in Chevron Corporation (NYSE:CVX). Guyasuta Investment Advsr invested in 0.41% or 29,156 shares. Salem Investment Counselors has 0.54% invested in Chevron Corporation (NYSE:CVX). Braun Stacey Assocs invested in 163,825 shares or 1.32% of the stock. Eads And Heald Counsel invested 1.26% of its portfolio in Chevron Corporation (NYSE:CVX). Phocas Corporation accumulated 0.08% or 7,512 shares. Sabal Trust Communication has invested 0.26% of its portfolio in Chevron Corporation (NYSE:CVX). Telos Cap reported 25,119 shares. 21,619 are held by Old Second Comml Bank Of Aurora. 13,700 are held by Fundx Invest Gru Ltd Liability Corporation. Kingfisher Ltd Com holds 0.15% or 1,963 shares in its portfolio. Chase Invest Counsel reported 1,727 shares stake. Choate Inv Advsr holds 0.26% or 40,590 shares in its portfolio. Corecommodity Management Limited Liability reported 4,572 shares.

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

State Of Wisconsin Investment Board increased its stake in Chevron Corp New (CVX) by 9.39% based on its latest 2017Q3 regulatory filing with the SEC. State Of Wisconsin Investment Board bought 205,428 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 2.39 million shares of the integrated oil company at the end of 2017Q3, valued at $281.09M, up from 2.19M at the end of the previous reported quarter. State Of Wisconsin Investment Board who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $220.44 billion market cap company. The stock decreased 0.16% or $0.18 during the last trading session, reaching $115.4. About 14.91 million shares traded or 110.51% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since March 18, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

State Of Wisconsin Investment Board, which manages about $33.85B US Long portfolio, decreased its stake in Liberty Global Plc (NASDAQ:LBTYA) by 275,722 shares to 519,156 shares, valued at $17.61 million in 2017Q3, according to the filing. It also reduced its holding in Fifth Third Bancorp (NASDAQ:FITB) by 676,427 shares in the quarter, leaving it with 629,002 shares, and cut its stake in Adobe Sys Inc (NASDAQ:ADBE).

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 firm has “Neutral” rating given on Wednesday, March 7 by Credit Suisse. The rating was upgraded by Goldman Sachs to “Neutral” on Friday, March 11. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Piper Jaffray on Thursday, August 24. The company was upgraded on Thursday, December 1 by Independent Research. BMO Capital Markets maintained Chevron Corporation (NYSE:CVX) rating on Thursday, June 22. BMO Capital Markets has “Buy” rating and $13000 target. The firm earned “Buy” rating on Thursday, December 21 by Cowen & Co. Vetr upgraded it to “Buy” rating and $83.96 target in Tuesday, August 25 report. The stock has “Buy” rating by Jefferies on Monday, February 5. The firm earned “Buy” rating on Tuesday, February 6 by Wells Fargo. The stock of Chevron Corporation (NYSE:CVX) earned “Neutral” rating by Nomura on Friday, March 18.

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