Chevron Corp (CVX) Shareholder Bahl & Gaynor INC Increased Its Stake

July 27, 2018 - By Carolyn Hewitt

Chevron Corporation (NYSE:CVX) LogoInvestors sentiment decreased to 0.9 in 2018 Q1. Its down 0.09, from 0.99 in 2017Q4. It dropped, 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. The Illinois-based Front Barnett Associate Limited Liability Company has invested 2.07% in Chevron Corporation (NYSE:CVX). First Bancorporation Tru Of Newtown stated it has 37,161 shares. Tiemann Invest Advisors Ltd Liability Co reported 6,631 shares stake. Cornerstone Advsr stated it has 0.33% of its portfolio in Chevron Corporation (NYSE:CVX). 19,621 were accumulated by Patten Group. Kayne Anderson Rudnick Inv Mngmt Lc has 0.05% invested in Chevron Corporation (NYSE:CVX). Sumitomo Mitsui Trust Hldgs reported 0.85% stake. Torch Wealth Ltd reported 0.82% stake. Wealthcare Ltd Liability Corp holds 0.01% or 413 shares. Dubuque Fincl Bank Tru Co reported 109,313 shares. 2.46 million are owned by Voya Mngmt Ltd Com. Aqr Capital Management Ltd Company reported 455,750 shares. Fcg Advisors Limited Liability Corporation owns 0.14% invested in Chevron Corporation (NYSE:CVX) for 3,495 shares. The California-based Weatherly Asset Limited Partnership has invested 0.44% in Chevron Corporation (NYSE:CVX). Ingalls & Snyder Llc accumulated 139,849 shares or 0.78% of the stock.

Since April 17, 2018, it had 0 buys, and 10 insider sales for $50.35 million activity. Another trade for 25,500 shares valued at $3.11M was made by Pate R. Hewitt on Tuesday, April 17. JOHNSON JAMES WILLIAM also sold $1.23 million worth of Chevron Corporation (NYSE:CVX) on Tuesday, May 22. 25,000 shares were sold by Breber Pierre R, worth $3.26 million. Wirth Michael K sold 130,000 shares worth $16.64M. 135,000 shares were sold by Yarrington Patricia E, worth $17.55 million.

Bahl & Gaynor Inc increased its stake in Chevron Corp (CVX) by 74.18% based on its latest 2018Q1 regulatory filing with the SEC. Bahl & Gaynor Inc bought 361,890 shares as the company’s stock rose 6.62% while stock markets declined. The institutional investor held 849,738 shares of the integrated oil company at the end of 2018Q1, valued at $96.90M, up from 487,848 at the end of the previous reported quarter. Bahl & Gaynor Inc who had been investing in Chevron Corp for a number of months, seems to be bullish on the $236.86B market cap company. The stock decreased 0.76% or $0.95 during the last trading session, reaching $123.95. About 5.54M shares traded. Chevron Corporation (NYSE:CVX) has risen 16.25% since July 27, 2017 and is uptrending. It has outperformed by 3.68% the S&P500.

Bahl & Gaynor Inc, which manages about $7.63 billion and $9.08 billion US Long portfolio, decreased its stake in Paychex Inc. (NASDAQ:PAYX) by 173,076 shares to 2.19M shares, valued at $134.69M in 2018Q1, according to the filing. It also reduced its holding in Cisco Systems Inc. (NASDAQ:CSCO) by 472,575 shares in the quarter, leaving it with 6.67M shares, and cut its stake in Texas Instruments Inc. (NASDAQ:TXN).

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Streetinsider.com which released: “Chevron (CVX) option implied volatility increases into EPS” on July 26, 2018, also Benzinga.com with their article: “Chevron’s Q2 Earnings Preview” published on July 26, 2018, Seekingalpha.com published: “Chevron Corp.: Still A Buy?” on June 28, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Streetinsider.com and their article: “BP to buy US shale assets from BHP for $10.5 billion” published on July 27, 2018 as well as Seekingalpha.com‘s news article titled: “Crude Oil Futures May Have Peaked As Oil Majors Chevron And Exxon Mobil Report Earnings” with publication date: July 27, 2018.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 14 analysts covering Chevron Corp (NYSE:CVX), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Chevron Corp had 22 analyst reports since January 30, 2018 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Wednesday, February 28. Raymond James upgraded the stock to “Outperform” rating in Monday, June 18 report. Credit Suisse maintained Chevron Corporation (NYSE:CVX) rating on Monday, April 30. Credit Suisse has “Neutral” rating and $132 target. The firm earned “Neutral” rating on Tuesday, July 3 by Macquarie Research. The stock has “Overweight” rating by Barclays Capital on Wednesday, July 11. On Friday, April 13 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Monday, February 5 by Credit Suisse. Credit Suisse maintained Chevron Corporation (NYSE:CVX) rating on Wednesday, March 7. Credit Suisse has “Neutral” rating and $123 target. The firm has “Overweight” rating by Barclays Capital given on Monday, April 30. The company was maintained on Monday, February 5 by Jefferies.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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