Dock Street Asset Management Increases Stake in Mastercard (MA); Chevrontexaco (CVX) Stock Value Declined While Ronald Blue & Company Cut Stake

November 15, 2017 - By Peter Erickson

Dock Street Asset Management Inc increased its stake in Mastercard (MA) by 5.21% based on its latest 2017Q2 regulatory filing with the SEC. Dock Street Asset Management Inc bought 2,900 shares as the company’s stock rose 7.46% with the market. The institutional investor held 58,612 shares of the business services company at the end of 2017Q2, valued at $7.12M, up from 55,712 at the end of the previous reported quarter. Dock Street Asset Management Inc who had been investing in Mastercard for a number of months, seems to be bullish on the $157.88B market cap company. The stock declined 0.55% or $0.82 reaching $149.13 on the news. About 2,008 shares traded. Mastercard Inc (NYSE:MA) has risen 24.16% since November 15, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.

Ronald Blue & Company Llc decreased its stake in Chevrontexaco Corp (CVX) by 31.71% based on its latest 2017Q2 regulatory filing with the SEC. Ronald Blue & Company Llc sold 4,011 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 8,639 shares of the integrated oil company at the end of 2017Q2, valued at $902,000, down from 12,650 at the end of the previous reported quarter. Ronald Blue & Company Llc who had been investing in Chevrontexaco Corp for a number of months, seems to be less bullish one the $221.52 billion market cap company. The stock declined 0.25% or $0.29 reaching $116.63 per share. About 50,261 shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since November 15, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Investors sentiment increased to 1.03 in 2017 Q2. Its up 0.06, from 0.97 in 2017Q1. It is positive, as 65 investors sold CVX shares while 653 reduced holdings. 92 funds opened positions while 651 raised stakes. 1.16 billion shares or 0.51% more from 1.16 billion shares in 2017Q1 were reported. Sumitomo Mitsui Asset Mgmt has 214,463 shares for 0.36% of their portfolio. Apriem Advisors reported 0.25% of its portfolio in Chevron Corporation (NYSE:CVX). Azimuth Cap Mgmt Ltd Liability Com invested 1.06% in Chevron Corporation (NYSE:CVX). Moreover, Sequoia Finance Limited Co has 0.11% invested in Chevron Corporation (NYSE:CVX) for 8,501 shares. Georgia-based Tnb Fincl has invested 0.29% in Chevron Corporation (NYSE:CVX). Marathon Mngmt, a Maryland-based fund reported 2,215 shares. 318 were reported by Thompson Davis And. Iat Reinsurance Communication Ltd stated it has 16,000 shares or 0.28% of all its holdings. Franklin Street Advsr Nc reported 77,914 shares or 1.39% of all its holdings. Spinnaker Tru holds 24,256 shares or 0.32% of its portfolio. Daiwa Sb Invs Ltd stated it has 0.04% in Chevron Corporation (NYSE:CVX). Congress Asset Mngmt Ma accumulated 0.65% or 347,451 shares. 12,700 were accumulated by Guinness Atkinson Asset. Bridges Investment holds 90,438 shares. Marietta Inv Prtn Ltd Liability Corp owns 30,058 shares.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “What Chevron’s Changing Strategy Says About Its Future Outlook” on November 02, 2017, also Seekingalpha.com with their article: “Chevron: Earnings Preview” published on October 25, 2017, Seekingalpha.com published: “Chevron: What Are The Risks?” on November 02, 2017. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron: Q3 Earnings Preview” published on October 23, 2017 as well as Seekingalpha.com‘s news article titled: “Chevron Q3: Good News Despite The Market Reaction” with publication date: November 13, 2017.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 23 have Buy rating, 1 Sell and 10 Hold. Therefore 68% are positive. Chevron Corporation had 92 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Overweight” rating by PiperJaffray given on Tuesday, August 9. Macquarie Research initiated Chevron Corporation (NYSE:CVX) on Wednesday, September 23 with “Underperform” rating. The rating was upgraded by Independent Research to “Buy” on Thursday, December 1. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, October 3 by Bank of America. RBC Capital Markets maintained Chevron Corporation (NYSE:CVX) rating on Thursday, July 6. RBC Capital Markets has “Underperform” rating and $100 target. The rating was maintained by Piper Jaffray with “Buy” on Thursday, August 24. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by BMO Capital Markets on Thursday, June 22. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, November 1. As per Friday, July 21, the company rating was maintained by Citigroup. RBC Capital Markets maintained the shares of CVX in report on Wednesday, March 9 with “Sector Perform” rating.

Ronald Blue & Company Llc, which manages about $7.83B and $3.10B US Long portfolio, upped its stake in Ishares Msci Usa Min Volatilit (USMV) by 15,296 shares to 50,430 shares, valued at $2.47M in 2017Q2, according to the filing. It also increased its holding in Vanguard Interm Gov’t Bond Ind (VGIT) by 731,741 shares in the quarter, for a total of 2.78 million shares, and has risen its stake in Ishares Core Msci Emerging Mar (IEMG).

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on January, 26. They expect $1.10 earnings per share, up 400.00% or $0.88 from last year’s $0.22 per share. CVX’s profit will be $2.09 billion for 26.51 P/E if the $1.10 EPS becomes a reality. After $1.03 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 6.80% EPS growth.

Among 36 analysts covering Mastercard Incorporated (NYSE:MA), 32 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Mastercard Incorporated had 89 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, July 28. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, July 27. The company was maintained on Tuesday, August 25 by Jefferies. Morgan Stanley maintained the shares of MA in report on Tuesday, September 19 with “Overweight” rating. The rating was maintained by KeyBanc Capital Markets on Wednesday, November 1 with “Buy”. The stock has “Buy” rating by UBS on Wednesday, December 16. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, October 31. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, October 20 report. The company was maintained on Wednesday, November 1 by BMO Capital Markets. Robert W. Baird maintained the stock with “Buy” rating in Monday, October 16 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Twitter Auto Publish Powered By : XYZScripts.com