Highland Capital Management LLC Lifted Its Chevron Corp (CVX) Holding by $3.36 Million

February 24, 2018 - By Darrin Black

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. Advisor Prns Ltd Limited Liability Company invested in 1.06% or 45,881 shares. Stewart And Patten Com Ltd Com accumulated 143,410 shares or 3.08% of the stock. Stralem And stated it has 127,645 shares or 2.16% of all its holdings. Stonebridge Management accumulated 86,983 shares. Inv Mgmt Of Virginia Ltd Liability Com stated it has 0.99% in Chevron Corporation (NYSE:CVX). Jolley Asset Mgmt holds 1.57% or 19,744 shares. Voloridge Investment invested in 5,605 shares. Nordea Invest Management, a Sweden-based fund reported 298,110 shares. Boston Private Wealth Ltd Llc accumulated 222,543 shares. Aspen Investment Mngmt holds 9,093 shares or 0.79% of its portfolio. Moreover, Tradewinds Capital Ltd Limited Liability Company has 0.31% invested in Chevron Corporation (NYSE:CVX). Northwestern Mutual Wealth Mngmt owns 217,891 shares. Moreover, Columbia Asset Mngmt has 1.51% invested in Chevron Corporation (NYSE:CVX) for 41,785 shares. Stadion Money Management Llc holds 16,974 shares or 0.06% of its portfolio. Alliancebernstein Lp has invested 0.49% of its portfolio in Chevron Corporation (NYSE:CVX).

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

Highland Capital Management Llc increased its stake in Chevron Corp (CVX) by 30.01% based on its latest 2017Q3 regulatory filing with the SEC. Highland Capital Management Llc bought 28,708 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 124,369 shares of the integrated oil company at the end of 2017Q3, valued at $14.61 million, up from 95,661 at the end of the previous reported quarter. Highland Capital Management Llc who had been investing in Chevron Corp for a number of months, seems to be bullish on the $213.85B market cap company. The stock increased 2.46% or $2.7 during the last trading session, reaching $112.59. About 6.46M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 24, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Highland Capital Management Llc, which manages about $1.26B and $1.26 billion US Long portfolio, decreased its stake in American Financial Group Inc (NYSE:AFG) by 36,160 shares to 24,802 shares, valued at $2.57M in 2017Q3, according to the filing. It also reduced its holding in Apple Computer (NASDAQ:AAPL) by 44,299 shares in the quarter, leaving it with 206,715 shares, and cut its stake in United Technologies Corp (NYSE:UTX).

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Globenewswire.com which released: “Bay Area 2018 CFO of the Year Lifetime Achievement Award Winner Selected” on February 22, 2018, also Investorplace.com with their article: “Chevron Corporation Stock Falls on Big Q4 Earnings Miss” published on February 02, 2018, Nasdaq.com published: “Chevron Corporation (CVX) Ex-Dividend Date Scheduled for February 15, 2018” on February 14, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron – The Icarus Syndrome” published on February 10, 2018 as well as Investorplace.com‘s news article titled: “5 Notable Dividend Stocks Boost Payouts, Including Chevron Corporation (CVX)” with publication date: February 05, 2018.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 115 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, October 10. As per Friday, March 18, the company rating was maintained by Goldman Sachs. Wells Fargo upgraded the stock to “Buy” rating in Tuesday, February 6 report. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Monday, October 30 by Citigroup. The firm earned “Neutral” rating on Monday, August 3 by UBS. The firm earned “Underperform” rating on Thursday, July 6 by RBC Capital Markets. The firm has “Buy” rating given on Friday, July 28 by BMO Capital Markets. Jefferies maintained the stock with “Buy” rating in Monday, February 5 report. The firm has “Sell” rating by RBC Capital Markets given on Tuesday, January 30. The rating was upgraded by CLSA on Tuesday, November 15 to “Buy”.

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