As Cognex (CGNX) Share Price Declined, Shareholder Kylin Management Has Raised Holding; As Chevron (CVX) Stock Price Declined, Shareholder First Financial Lowered Position by $356,250

April 25, 2018 - By Stephen Andrade

Chevron Corporation (NYSE:CVX) Logo

Ted Kang increased its stake in Cognex Corp (CGNX) by 149.43% based on its latest 2017Q4 regulatory filing with the SEC. Kylin Management Llc bought 1.78 million shares as the company’s stock declined 13.83% with the market. The hedge fund run by Ted Kang held 2.97M shares of the industrial machinery and components company at the end of 2017Q4, valued at $181.46M, up from 1.19M at the end of the previous reported quarter. Kylin Management Llc who had been investing in Cognex Corp for a number of months, seems to be bullish on the $8.23 billion market cap company. The stock decreased 1.63% or $0.79 during the last trading session, reaching $47.6. About 1.02M shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since April 25, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.

First Financial Corp decreased its stake in Chevron Corporation (CVX) by 38.29% based on its latest 2017Q4 regulatory filing with the SEC. First Financial Corp sold 2,850 shares as the company’s stock declined 8.26% with the market. The institutional investor held 4,593 shares of the integrated oil company at the end of 2017Q4, valued at $575,000, down from 7,443 at the end of the previous reported quarter. First Financial Corp who had been investing in Chevron Corporation for a number of months, seems to be less bullish one the $232.69 billion market cap company. The stock decreased 0.63% or $0.775 during the last trading session, reaching $121.765. About 2.62M shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 25, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Investors sentiment increased to 0.99 in 2017 Q4. Its up 0.04, from 0.95 in 2017Q3. It increased, 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. Jennison Assoc Limited Company holds 0.13% in Chevron Corporation (NYSE:CVX) or 1.03 million shares. Merriman Wealth Management Ltd Liability Co holds 0.13% or 4,201 shares in its portfolio. Carroll Fincl Associate holds 22,961 shares. 13,175 are owned by Kidder Stephen W. First Manhattan reported 0.03% in Chevron Corporation (NYSE:CVX). Alps Advsr holds 0.01% of its portfolio in Chevron Corporation (NYSE:CVX) for 7,143 shares. Rockland Trust stated it has 2.57% in Chevron Corporation (NYSE:CVX). Etrade Management Lc reported 0.44% of its portfolio in Chevron Corporation (NYSE:CVX). Bankshares holds 958,655 shares or 1.56% of its portfolio. Moreover, Brandywine Trust has 0.55% invested in Chevron Corporation (NYSE:CVX). Bath Savings Trust holds 0.51% or 16,199 shares in its portfolio. Chilton Capital Management Ltd Company accumulated 7,118 shares. Moreover, Vaughan David Inc Il has 1.31% invested in Chevron Corporation (NYSE:CVX) for 226,279 shares. Moreover, Capital Investment Advsrs Lc has 0.42% invested in Chevron Corporation (NYSE:CVX). Granite Inv Partners Ltd, a California-based fund reported 35,610 shares.

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 $2.83B for 20.57 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.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 120 analyst reports since August 4, 2015 according to SRatingsIntel. Macquarie Research initiated the shares of CVX in report on Wednesday, September 23 with “Underperform” rating. The rating was maintained by Credit Suisse with “Neutral” on Monday, February 5. Scotia Capital maintained Chevron Corporation (NYSE:CVX) on Thursday, December 21 with “Buy” rating. The rating was maintained by RBC Capital Markets on Tuesday, September 19 with “Sell”. Credit Suisse maintained the stock with “Buy” rating in Wednesday, August 23 report. The stock has “Buy” rating by Macquarie Research on Tuesday, October 17. The company was maintained on Sunday, April 22 by Piper Jaffray. The firm has “Sell” rating given on Tuesday, November 7 by RBC Capital Markets. The rating was upgraded by DZ Bank on Wednesday, March 7 to “Buy”. UBS maintained Chevron Corporation (NYSE:CVX) on Monday, August 3 with “Neutral” rating.

Since April 17, 2018, it had 0 buys, and 1 insider sale for $3.11 million activity.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Cognex Corporation had 42 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Friday, April 1 by Canaccord Genuity. The stock of Cognex Corporation (NASDAQ:CGNX) has “Buy” rating given on Tuesday, November 1 by Needham. Nomura initiated Cognex Corporation (NASDAQ:CGNX) on Friday, September 18 with “Buy” rating. Daiwa Securities upgraded the shares of CGNX in report on Friday, December 8 to “Buy” rating. On Tuesday, November 3 the stock rating was downgraded by CLSA to “Outperform”. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Outperform” rating by CLSA on Monday, November 7. The rating was downgraded by CSLA on Thursday, March 24 to “Underperform”. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, November 11. On Tuesday, November 3 the stock rating was downgraded by Credit Agricole to “Outperform”. Canaccord Genuity downgraded Cognex Corporation (NASDAQ:CGNX) on Tuesday, June 14 to “Hold” rating.

Investors sentiment increased to 6.53 in Q4 2017. Its up 5.48, from 1.05 in 2017Q3. It improved, as 32 investors sold CGNX shares while 21 reduced holdings. 84 funds opened positions while 262 raised stakes. 268.44 million shares or 268.52% more from 72.84 million shares in 2017Q3 were reported. Natixis Asset Mgmt reported 0.13% stake. Cibc Asset Management Inc owns 5,926 shares. France-based Bnp Paribas Asset Mgmt Sa has invested 0% in Cognex Corporation (NASDAQ:CGNX). Riverbridge Prtn Llc has invested 0.45% in Cognex Corporation (NASDAQ:CGNX). Private Trust Co Na invested 0.04% in Cognex Corporation (NASDAQ:CGNX). 150,986 are held by Wellington Mgmt Gp Llp. California Public Employees Retirement System owns 0.04% invested in Cognex Corporation (NASDAQ:CGNX) for 432,889 shares. 1832 Asset LP holds 399,500 shares. First Republic Investment Mngmt Inc stated it has 13,065 shares or 0.01% of all its holdings. British Columbia Invest Mgmt has invested 0.06% in Cognex Corporation (NASDAQ:CGNX). Wright Serv has 5,353 shares. Teacher Retirement System Of Texas holds 0.02% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 47,202 shares. Sumitomo Mitsui Asset owns 11,517 shares. Axa invested in 0.42% or 1.74 million shares. Burns J W Ny owns 6,718 shares or 0.1% of their US portfolio.

Since March 12, 2018, it had 0 insider purchases, and 1 sale for $564,892 activity.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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