As Chevron (CVX) Share Price Declined, Park National Cut Its Holding; As Schlumberger LTD (SLB) Share Value Declined, Energy Opportunities Capital Management Has Raised by $1.73 Million Its Holding

April 17, 2018 - By Henry Gaston

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Energy Opportunities Capital Management Llc increased its stake in Schlumberger Ltd (SLB) by 32.71% based on its latest 2017Q4 regulatory filing with the SEC. Energy Opportunities Capital Management Llc bought 25,750 shares as the company’s stock declined 4.39% with the market. The institutional investor held 104,466 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $7.04M, up from 78,716 at the end of the previous reported quarter. Energy Opportunities Capital Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $95.45B market cap company. The stock increased 0.51% or $0.35 during the last trading session, reaching $68.87. About 4.26M shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 17, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Park National Corp decreased its stake in Chevron Corp (CVX) by 5.25% based on its latest 2017Q4 regulatory filing with the SEC. Park National Corp sold 13,702 shares as the company’s stock declined 8.26% with the market. The institutional investor held 247,528 shares of the integrated oil company at the end of 2017Q4, valued at $30.99 million, down from 261,230 at the end of the previous reported quarter. Park National Corp who had been investing in Chevron Corp for a number of months, seems to be less bullish one the $231.92 billion market cap company. The stock increased 0.59% or $0.71 during the last trading session, reaching $121.41. About 2.35M shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 17, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 119 analyst reports since August 4, 2015 according to SRatingsIntel. Macquarie Research upgraded it to “Buy” rating and $135.0 target in Tuesday, October 17 report. The rating was upgraded by DZ Bank on Wednesday, March 7 to “Buy”. On Thursday, December 1 the stock rating was upgraded by Independent Research to “Buy”. The company was maintained on Tuesday, January 12 by Barclays Capital. The company was maintained on Wednesday, March 7 by Credit Suisse. The firm has “Hold” rating given on Thursday, January 4 by Bank of America. The firm has “Neutral” rating by Goldman Sachs given on Friday, March 11. RBC Capital Markets maintained it with “Sell” rating and $100.0 target in Friday, October 27 report. BNP Paribas upgraded Chevron Corporation (NYSE:CVX) on Monday, August 7 to “Hold” rating. The stock of Chevron Corporation (NYSE:CVX) has “Equal-Weight” rating given on Tuesday, October 10 by Barclays Capital.

Investors sentiment increased to 0.99 in 2017 Q4. Its up 0.04, from 0.95 in 2017Q3. It improved, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. Family Mgmt Corp holds 0.34% in Chevron Corporation (NYSE:CVX) or 3,933 shares. Moreover, Noesis Mangement Corp has 0.16% invested in Chevron Corporation (NYSE:CVX). Bedell Frazier Inv Counseling Ltd Liability Company reported 3.21% stake. Harvest Cap Mngmt has 0.14% invested in Chevron Corporation (NYSE:CVX) for 3,056 shares. Moreover, Hennessy has 0.37% invested in Chevron Corporation (NYSE:CVX). Compton Cap Mngmt Ri accumulated 21,183 shares or 1.13% of the stock. Kbc Gru Nv reported 0.71% in Chevron Corporation (NYSE:CVX). Annex Advisory Services Lc holds 0.13% of its portfolio in Chevron Corporation (NYSE:CVX) for 5,605 shares. State Treasurer State Of Michigan owns 0.55% invested in Chevron Corporation (NYSE:CVX) for 556,768 shares. Rothschild Cap Ltd Co invested in 1,821 shares. Moors & Cabot Incorporated holds 1.27% of its portfolio in Chevron Corporation (NYSE:CVX) for 76,193 shares. Burney holds 0.14% or 19,286 shares. Northcoast Asset invested 2.21% in Chevron Corporation (NYSE:CVX). Graham Ltd Partnership reported 21,177 shares or 0.07% of all its holdings. Stock Yards National Bank & Trust And reported 2.38% in Chevron Corporation (NYSE:CVX).

Park National Corp, which manages about $1.79 billion US Long portfolio, upped its stake in Adient Plc by 21,546 shares to 134,139 shares, valued at $10.56 million in 2017Q4, according to the filing. It also increased its holding in Bp Plc Sponsored Adr (NYSE:BP) by 8,813 shares in the quarter, for a total of 76,512 shares, and has risen its stake in Amazon.Com Inc (NASDAQ:AMZN).

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27 before the open. They expect $1.48 earnings per share, up 4.96% or $0.07 from last year’s $1.41 per share. CVX’s profit will be $2.83 billion for 20.51 P/E if the $1.48 EPS becomes a reality. After $0.73 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 102.74% EPS growth.

Energy Opportunities Capital Management Llc, which manages about $585.78 million and $144.66 million US Long portfolio, decreased its stake in Core Laboratories N V Com (NYSE:CLB) by 6,462 shares to 42,101 shares, valued at $4.61 million in 2017Q4, according to the filing. It also reduced its holding in Concho Res Inc Com (NYSE:CXO) by 6,020 shares in the quarter, leaving it with 33,850 shares, and cut its stake in Patterson Uti Energy Com (NASDAQ:PTEN).

Investors sentiment decreased to 0.66 in Q4 2017. Its down 0.22, from 0.88 in 2017Q3. It worsened, as 90 investors sold SLB shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Aristotle Mgmt Limited Company holds 0.09% in Schlumberger Limited (NYSE:SLB) or 200,678 shares. Ballentine reported 0.02% stake. Prudential Pcl, a Illinois-based fund reported 1.68 million shares. Fiduciary Wi owns 9.99 million shares. Inv Advisors Ltd Liability Company has invested 1.29% in Schlumberger Limited (NYSE:SLB). Qci Asset Management Inc New York owns 196,980 shares. Summit Group Incorporated reported 0.06% stake. Investor has invested 0.04% of its portfolio in Schlumberger Limited (NYSE:SLB). Northeast Invest accumulated 88,230 shares or 0.5% of the stock. Whittier Trust Company stated it has 0.38% of its portfolio in Schlumberger Limited (NYSE:SLB). Hanson & Doremus Investment Mgmt stated it has 15,953 shares. Moreover, Nbt National Bank & Trust N A Ny has 0.56% invested in Schlumberger Limited (NYSE:SLB). Schwab Charles Inv owns 0.29% invested in Schlumberger Limited (NYSE:SLB) for 5.35 million shares. Cap Planning Advsrs Ltd holds 0.34% or 14,170 shares. Sageworth Tru stated it has 46 shares.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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