Chevron New (CVX) Shareholder First Eagle Investment Management Has Trimmed Its Holding by $281.74 Million; As Jp Morgan Chase & Co (JPM) Stock Value Rose, Terril Brothers Lowered Its Holding

May 25, 2018 - By Adrian Erickson

Chevron Corporation (NYSE:CVX) Logo

Jean decreased its stake in Chevron Corp New (CVX) by 86.25% based on its latest 2017Q4 regulatory filing with the SEC. First Eagle Investment Management Llc sold 2.25M shares as the company’s stock declined 8.26% with the market. The hedge fund run by Jean held 359,182 shares of the integrated oil company at the end of 2017Q4, valued at $44.97M, down from 2.61 million at the end of the previous reported quarter. First Eagle Investment Management Llc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $232.33 billion market cap company. The stock decreased 3.98% or $5.04 during the last trading session, reaching $121.57. About 4.98M shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since May 25, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Terril Brothers Inc decreased its stake in Jp Morgan Chase & Co (JPM) by 39.08% based on its latest 2017Q4 regulatory filing with the SEC. Terril Brothers Inc sold 31,922 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 49,757 shares of the major banks company at the end of 2017Q4, valued at $5.32M, down from 81,679 at the end of the previous reported quarter. Terril Brothers Inc who had been investing in Jp Morgan Chase & Co for a number of months, seems to be less bullish one the $375.70 billion market cap company. The stock decreased 0.78% or $0.87 during the last trading session, reaching $110.36. About 4.62M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 25, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Since January 13, 2018, it had 3 insider buys, and 8 selling transactions for $18.63 million activity. 65,101 shares valued at $7.31M were sold by Erdoes Mary E. on Saturday, January 13. Shares for $2.00M were bought by HOBSON MELLODY L. Scher Peter had sold 26,532 shares worth $3.01M on Friday, January 19. CROWN JAMES S had bought 7,280 shares worth $825,327 on Tuesday, January 16. Petno Douglas B had sold 48,344 shares worth $5.43 million. Lake Marianne also sold $1.03 million worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan: Magnificent Morgan” on April 30, 2018, also Benzinga.com with their article: “Benzinga’s Insider Buys Of The Week: JPMorgan, Philip Morris And More” published on May 20, 2018, Investorplace.com published: “Wells Fargo & Co Stock Is a Rough Diamond –Go Long” on May 25, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: 247Wallst.com and their article: “Major Banks See Rising Tide of Short Interest” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “King Dimon – For Now | JPMorgan” with publication date: April 26, 2018.

Terril Brothers Inc, which manages about $324.68M US Long portfolio, upped its stake in Clearbridge Energy Mlp Fd In (CEM) by 298,282 shares to 1.00 million shares, valued at $15.30 million in 2017Q4, according to the filing.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 120 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, July 17 by RBC Capital Markets. The rating was maintained by Keefe Bruyette & Woods on Friday, August 18 with “Hold”. Robert W. Baird maintained JPMorgan Chase & Co. (NYSE:JPM) on Friday, October 13 with “Neutral” rating. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. On Tuesday, September 26 the stock rating was downgraded by Deutsche Bank to “Hold”. Credit Agricole upgraded JPMorgan Chase & Co. (NYSE:JPM) rating on Tuesday, August 25. Credit Agricole has “Outperform” rating and $78.0 target. The firm earned “Buy” rating on Tuesday, June 6 by Jefferies. As per Wednesday, February 28, the company rating was maintained by Nomura. Societe Generale downgraded JPMorgan Chase & Co. (NYSE:JPM) rating on Tuesday, January 9. Societe Generale has “Hold” rating and $120.5 target. The rating was maintained by Keefe Bruyette & Woods on Wednesday, October 11 with “Hold”.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.26 earnings per share, up 24.18% or $0.44 from last year’s $1.82 per share. JPM’s profit will be $7.69 billion for 12.21 P/E if the $2.26 EPS becomes a reality. After $2.37 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.64% negative EPS growth.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.03, from 0.91 in 2017Q3. It is negative, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. Ally has invested 0.72% in JPMorgan Chase & Co. (NYSE:JPM). 42,053 are owned by Coldstream Incorporated. Parsons Capital Management Ri invested in 146,435 shares. The New York-based Teewinot Capital Advisers Llc has invested 3.14% in JPMorgan Chase & Co. (NYSE:JPM). Cullinan Associates Inc holds 119,302 shares. Logan Cap Mngmt accumulated 11,421 shares or 0.09% of the stock. Hm Mgmt Limited Com accumulated 16,853 shares or 1.48% of the stock. Mengis Cap Management Incorporated, Oregon-based fund reported 53,255 shares. Oarsman Inc holds 1.71% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 37,174 shares. Nippon Life Glob Invsts Americas owns 323,430 shares for 2.76% of their portfolio. Telos Capital Management holds 0.72% or 19,178 shares. Keating Investment Counselors invested in 0.31% or 6,784 shares. Salem Investment Counselors, North Carolina-based fund reported 157,158 shares. Voya Inv Management Ltd Liability Co, Georgia-based fund reported 4.79 million shares. State Of Wisconsin Board owns 4.13 million shares for 1.21% of their portfolio.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on July, 27. They expect $1.87 earnings per share, up 105.49% or $0.96 from last year’s $0.91 per share. CVX’s profit will be $3.57 billion for 16.25 P/E if the $1.87 EPS becomes a reality. After $1.90 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts -1.58% negative EPS growth.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron 2018 Turns Into A Cash Machine” on May 03, 2018, also Investorplace.com with their article: “Use Cautious Optimism With Chevron Corporation Stock Right Now” published on May 15, 2018, Seekingalpha.com published: “Chevron: I Was Wrong” on May 07, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Marketwatch.com and their article: “Chevron, Exxon Mobil stock selloffs cutting nearly 40 points off the Dow” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron Impresses In The Permian” with publication date: May 11, 2018.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It is positive, 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. Dixon Hubard Feinour & Brown Va invested in 18,156 shares. The Ohio-based Mai has invested 0.41% in Chevron Corporation (NYSE:CVX). Monarch Management Inc holds 0.78% of its portfolio in Chevron Corporation (NYSE:CVX) for 16,793 shares. Seaward Management Ltd Partnership has invested 0.39% in Chevron Corporation (NYSE:CVX). Paw Capital invested 0.94% in Chevron Corporation (NYSE:CVX). Archford Cap Strategies Llc accumulated 11,880 shares. 3,740 were accumulated by Fred Alger Incorporated. Plancorp Limited Liability Corp owns 16,893 shares. First Bancorporation Of Mount Dora Trust Invest invested 0.66% of its portfolio in Chevron Corporation (NYSE:CVX). Becker Cap Mngmt reported 341,261 shares. Forward Mngmt Limited Liability Corporation holds 0.11% or 7,894 shares. Boyd Watterson Asset Mngmt Lc Oh owns 8,665 shares. Mondrian Investment Partners Limited stated it has 1.11% of its portfolio in Chevron Corporation (NYSE:CVX). Carroll Fincl Assoc holds 0.31% in Chevron Corporation (NYSE:CVX) or 22,961 shares. 68,122 were accumulated by Beck Mack Oliver Limited Liability Co.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 122 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Chevron Corporation (NYSE:CVX) has “Hold” rating given on Thursday, January 18 by HSBC. The rating was downgraded by Bank of America to “Hold” on Thursday, January 4. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by BMO Capital Markets on Friday, July 28. The rating was downgraded by S&P Research on Tuesday, August 4 to “Hold”. On Tuesday, January 23 the stock rating was maintained by Credit Suisse with “Hold”. RBC Capital Markets maintained Chevron Corporation (NYSE:CVX) on Wednesday, December 20 with “Sell” rating. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, February 6 by Wells Fargo. The stock has “Hold” rating by HSBC on Tuesday, January 10. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Wednesday, April 12 by Jefferies. The stock has “Neutral” rating by Simmons & Co on Thursday, January 21.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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