Thrivent Financial for Lutherans Has $221.661 Million Position in Chevron Co. (CVX)

30 April, 2017, 01:58 | Author: Felix Jensen
  • Reuters

Worldwide upstream also swung to profit, of US$1.4 billion, from a loss of US$609 million a year earlier, in part due to a US$600-million gain from the sale of the Indonesia geothermal business, along with higher natural gas sale volumes and lower operating expenses.

The oil company posted revenue of $33.42 billion in the period, also surpassing Street forecasts. Chevron had a negative net margin of 0.43% and a positive return on equity of 1.26%.

Chevron's cash flow generated by its operations - a key metric in the oil and gas industry - was $3.9 billion, up from $1.1 billion a year ago.

Several equities analysts have commented on the stock. The mean rating may help provide a general sense of analyst sentiment on company shares. The net liquids component of oil-equivalent production increased 3 percent in first quarter 2017 to 504,000 barrels per day, while net natural gas production decreased 21 percent to 1.01 billion cubic feet per day. Finally, HSBC Holdings plc lowered shares of Chevron from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock.in a report on Tuesday, January 10th. The fund owned 425,354 shares of the oil and gas company's stock after selling 180,531 shares during the period. The stock is a Buy among 17 brokerage firms polled by Factset Research.

The number of shares traded in the last trading session was 6.65 Million.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -0.26%, and has a poor year to date (YTD) performance of -9.01% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Chevron Corporation (NYSE:CVX) shares have been recently spotted -10.50% away from the 52-week high, and 11.02% away from the 52-week low mark. The current PEG for Chevron Corporation NYSE:CVX is valued at *TBA with a P/S value of 1.81.

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In other Chevron news, insider Pierre R. Breber sold 45,000 shares of the company's stock in a transaction on Thursday, February 2nd. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Heritage Way Advisors LLC acquired a new stake in shares of Chevron during the fourth quarter worth about $2,165,000. EPS ratio determined by looking at last 12 month figures is 1.33. Fusion Family Wealth LLC acquired a new position in Chevron during the fourth quarter valued at $160,000. A recommendation of 5 would indicate a Strong Sell, and a 1 would signify a Strong Buy. Finally, New Capital Management LP bought a new position in Chevron during the fourth quarter valued at about $171,000.

Since the start of the New Year, Chevron Corporation (NYSE:CVX) shares have seen a move of -9.01%.

The biggest institutional shareholders in Chevron Corporation include Vanguard Group Inc which owns 131 million shares in the company valued at $15.43 B million.

HSBC Downgrades Chevron Corporation (CVX)'s stock to Hold with no specific Price Target.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and worldwide subsidiaries that engage in integrated energy and chemicals operations.

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