Northeast Investment Management Stake in Chevron (CVX) Decreased by $320,910 as Stock Value Rose; Intel (INTC) Holder Wealth Enhancement Advisory Services Lowered Position by $2.12 Million

June 17, 2018 - By Stephen Andrade

Intel Corporation (NASDAQ:INTC) Logo

Wealth Enhancement Advisory Services Llc decreased its stake in Intel Corp (INTC) by 62.71% based on its latest 2018Q1 regulatory filing with the SEC. Wealth Enhancement Advisory Services Llc sold 40,826 shares as the company’s stock rose 12.89% while stock markets declined. The institutional investor held 24,282 shares of the semiconductors company at the end of 2018Q1, valued at $1.28 million, down from 65,108 at the end of the previous reported quarter. Wealth Enhancement Advisory Services Llc who had been investing in Intel Corp for a number of months, seems to be less bullish one the $256.81B market cap company. The stock decreased 0.77% or $0.43 during the last trading session, reaching $55.11. About 27.38M shares traded. Intel Corporation (NASDAQ:INTC) has risen 52.90% since June 17, 2017 and is uptrending. It has outperformed by 40.33% the S&P500. Some Historical INTC News: 12/03/2018 – Broadcom Gives Notice, and Street Debates Potential Intel Take-Out — Barron’s Blog; 19/03/2018 – Intel Board Elects Risa Lavizzo-Mourey as Director; 04/04/2018 – GigaSpaces InsightEdge Platform with Intel® Technology Accelerates AI Innovations; 12/03/2018 – Katrina Pierson: BREAKING REPORT: House Intel Committee Finds “No Evidence” of Trump-Russia Collusion. #DUH #MAGA; 03/04/2018 – Acer Announces Nitro 5 Gaming Laptop with the Latest Intel Core i+ Processors; 26/04/2018 – Intel executives say they ‘bit off a little too much’ amid 10-nanometer chip delays; 04/04/2018 – SHI International Wins PC Client Solution Partner of the Year at Intel Technology Partner Awards; 14/05/2018 – ♫ Reuters Insider – In reversal, Trump to save Chinese telecom jobs; 18/04/2018 – AGILENT TECHNOLOGIES FILES SECOND CIVIL ACTION TO PROTECT INTEL; 21/03/2018 – U.S. SENATE INTEL CHAIRMAN BURR SAYS NEED FOR U.S. ELECTION SECURITY IS ‘URGENT,’ FIXES TODAY MAY NOT BE IN TIME TO SAVE SYSTEM FOR 2020

Northeast Investment Management decreased its stake in Chevron Corp (CVX) by 1.73% based on its latest 2018Q1 regulatory filing with the SEC. Northeast Investment Management sold 2,815 shares as the company’s stock rose 6.62% while stock markets declined. The institutional investor held 159,626 shares of the integrated oil company at the end of 2018Q1, valued at $18.20 million, down from 162,441 at the end of the previous reported quarter. Northeast Investment Management who had been investing in Chevron Corp for a number of months, seems to be less bullish one the $237.04 billion market cap company. The stock decreased 1.95% or $2.47 during the last trading session, reaching $124.04. About 13.22 million shares traded or 99.72% up from the average. Chevron Corporation (NYSE:CVX) has risen 16.25% since June 17, 2017 and is uptrending. It has outperformed by 3.68% the S&P500. Some Historical CVX News: 09/03/2018 – SA’S COMPETITION TRIBUNAL – APPROVED MERGER INVOLVING CHINA’S LARGEST PETROLEUM REFINERY OWNER, HONG KONG BASED SINOPEC CORP AND CHEVRON SOUTH AFRICA; 06/04/2018 – Chevron seeks extension of Rokan block contract in Indonesia beyond 2021; 27/04/2018 – CHEVRON CFO YARRINGTON SPEAKS ON EARNINGS CONFERENCE CALL; 05/03/2018 – North Sea Crude-Forties weakens, Chevron restarts Alba; 29/03/2018 – REPSOL, WINTERSHALL AND CHEVRON WIN BLOCK IN CAMPOS BASIN IN BRAZIL OIL AUCTION; 12/04/2018 – Ernie Scheyder: Exclusive: Chevron, Exxon seek ‘small refinery’ waivers from U.S. biofuels law; 26/03/2018 – CHEVRON CORP CVX.N EXECUTIVE VICE PRESIDENT JAY JOHNSON SAYS NEW U.S. TAX LAW HAS NOT HAD A ‘MAJOR IMPACT ON’ COMPANY; 15/04/2018 – Cal EMA Spills: SPILL Report – Chevron Richmond Refiery – 04/15/2018 12:38 AM; 06/03/2018 – CHEVRON CEO EXPECTS TO BE BREAK-EVEN AT $50 BRENT THIS YEAR; 18/05/2018 – AMYRIS, CHEVRON TO DEVELOP, MKT RENEWABLE BASE OIL TECHNOLOGIES

Among 36 analysts covering Chevron Corporation (NYSE:CVX), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 75% are positive. Chevron Corporation had 124 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, August 4 by S&P Research. On Tuesday, August 9 the stock rating was upgraded by PiperJaffray to “Overweight”. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by CLSA on Tuesday, November 15. As per Monday, May 2, the company rating was maintained by UBS. The rating was upgraded by Vetr on Tuesday, August 25 to “Buy”. The company was maintained on Tuesday, October 3 by Bank of America. The stock has “Buy” rating by Jefferies on Tuesday, October 3. Cowen & Co maintained it with “Buy” rating and $122.0 target in Tuesday, October 24 report. As per Thursday, June 22, the company rating was maintained by BMO Capital Markets. The firm has “Overweight” rating given on Monday, April 30 by Barclays Capital.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Alberto affecting Gulf oil production” on May 28, 2018, also Seekingalpha.com with their article: “FT: Exxon, Chevron accused over tax secrecy” published on June 06, 2018, Seekingalpha.com published: “Chevron starts second Wheatstone LNG production train” on June 15, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Stocks To Watch: Don’t Sleep On Vienna” published on June 16, 2018 as well as Fool.com‘s news article titled: “Why These 2 Energy Giants Outshine Their Peers” with publication date: June 16, 2018.

Since April 17, 2018, it had 0 insider purchases, and 9 insider sales for $49.75 million activity. $3.26M worth of stock was sold by Breber Pierre R on Monday, May 14. On Tuesday, May 22 the insider JOHNSON JAMES WILLIAM sold $1.23 million. Shares for $3.11 million were sold by Pate R. Hewitt. The insider Yarrington Patricia E sold 135,000 shares worth $17.55 million. Shares for $16.64M were sold by Wirth Michael K on Monday, May 7.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on July, 27. They expect $1.93 earnings per share, up 112.09% or $1.02 from last year’s $0.91 per share. CVX’s profit will be $3.69B for 16.07 P/E if the $1.93 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% EPS growth.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.09, from 0.99 in 2017Q4. It dropped, as 55 investors sold CVX shares while 718 reduced holdings. 114 funds opened positions while 579 raised stakes. 1.19 billion shares or 0.11% more from 1.19 billion shares in 2017Q4 were reported. Macguire Cheswick & Tuttle Counsel has 1.25% invested in Chevron Corporation (NYSE:CVX) for 58,773 shares. Glob X Mgmt Ltd Llc stated it has 17,452 shares or 0.04% of all its holdings. Longer Inc accumulated 25,610 shares. Raab And Moskowitz Asset Management Ltd owns 1.69% invested in Chevron Corporation (NYSE:CVX) for 30,061 shares. The Maryland-based Adams Natural Res Fund has invested 10.46% in Chevron Corporation (NYSE:CVX). Cwm Limited Liability Company holds 11,391 shares or 0.05% of its portfolio. Brighton Jones Lc has invested 0.19% in Chevron Corporation (NYSE:CVX). Westwood Hldgs Grp owns 699,766 shares. Indiana Tru & Mgmt holds 0.76% in Chevron Corporation (NYSE:CVX) or 14,338 shares. California-based Ipg Inv Advsrs Limited Com has invested 0% in Chevron Corporation (NYSE:CVX). South Street Lc stated it has 0.1% in Chevron Corporation (NYSE:CVX). Rfg Advisory Grp Incorporated Ltd Liability Corporation invested 0.26% of its portfolio in Chevron Corporation (NYSE:CVX). Aperio Group Ltd Liability holds 0.55% of its portfolio in Chevron Corporation (NYSE:CVX) for 972,690 shares. Highlander Cap Mgmt holds 0.25% of its portfolio in Chevron Corporation (NYSE:CVX) for 3,694 shares. Mraz Amerine & Assocs invested 0.45% of its portfolio in Chevron Corporation (NYSE:CVX).

Northeast Investment Management, which manages about $1.26B and $1.13 billion US Long portfolio, upped its stake in Lockheed Martin Corp (NYSE:LMT) by 5,421 shares to 22,707 shares, valued at $7.67 million in 2018Q1, according to the filing. It also increased its holding in Walmart Inc (NYSE:WMT) by 3,512 shares in the quarter, for a total of 10,853 shares, and has risen its stake in Vanguard Div Apprec Etf (VIG).

Since January 22, 2018, it had 0 insider buys, and 21 selling transactions for $11.14 million activity. $267,663 worth of stock was sold by Krzanich Brian M on Tuesday, January 23. $66,959 worth of stock was sold by RENDUCHINTALA VENKATA S M on Wednesday, February 7. The insider BRYANT ANDY D sold $1.89M. 25,000 shares valued at $1.33 million were sold by YOFFIE DAVID B on Tuesday, May 8. Shares for $1.07 million were sold by HUNDT REED E. The insider McBride Kevin Thomas sold 686 shares worth $31,943.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on July, 26. They expect $0.86 EPS, up 19.44% or $0.14 from last year’s $0.72 per share. INTC’s profit will be $4.01B for 16.02 P/E if the $0.86 EPS becomes a reality. After $0.87 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts -1.15% negative EPS growth.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Nasdaq.com which released: “Why Intel Shouldn’t Do a Stock Split Yet” on June 16, 2018, also Seekingalpha.com with their article: “Intel: Curb Your Enthusiasm” published on May 29, 2018, Finance.Yahoo.com published: “The Good Times Are Here to Stay for Advanced Micro Devices, Inc. Stock” on June 12, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Seekingalpha.com and their article: “Intel: Time To Be Cautious” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Qualcomm not exiting data centers” with publication date: June 13, 2018.

Among 55 analysts covering Intel Corporation (NASDAQ:INTC), 36 have Buy rating, 3 Sell and 16 Hold. Therefore 65% are positive. Intel Corporation had 267 analyst reports since August 7, 2015 according to SRatingsIntel. Mizuho maintained the shares of INTC in report on Tuesday, December 26 with “Buy” rating. Bernstein maintained the stock with “Sell” rating in Friday, October 27 report. As per Monday, September 19, the company rating was maintained by Nomura. The rating was maintained by Rosenblatt with “Sell” on Friday, April 27. The firm has “Hold” rating by Jefferies given on Wednesday, July 5. The rating was maintained by Jefferies on Tuesday, October 3 with “Sell”. Credit Suisse maintained the stock with “Hold” rating in Friday, October 27 report. The company was maintained on Monday, September 19 by Citigroup. The firm earned “Buy” rating on Friday, November 20 by UBS. Citigroup maintained the shares of INTC in report on Tuesday, April 24 with “Buy” rating.

Wealth Enhancement Advisory Services Llc, which manages about $3.07B and $1.49B US Long portfolio, upped its stake in Powershares Etf Tr Ii (XSLV) by 64,989 shares to 443,164 shares, valued at $20.04 million in 2018Q1, according to the filing. It also increased its holding in Spdr Index Shs Fds (NYSE:CVX) by 17,183 shares in the quarter, for a total of 36,869 shares, and has risen its stake in Ansys Inc (NASDAQ:ADBE).

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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