Royal Bank Of Canada (RY) Holder Toronto Dominion Bank Has Raised Stake by $774.13 Million as Share Value Declined; As Chevron New (CVX) Valuation Declined, American Investment Services Has Decreased Position

February 20, 2018 - By Henry Gaston

American Investment Services Inc decreased its stake in Chevron Corp New (CVX) by 3.93% based on its latest 2017Q3 regulatory filing with the SEC. American Investment Services Inc sold 8,493 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 207,678 shares of the integrated oil company at the end of 2017Q3, valued at $24.40 million, down from 216,171 at the end of the previous reported quarter. American Investment Services Inc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $213.00B market cap company. The stock decreased 0.35% or $0.39 during the last trading session, reaching $112.14. About 5.95M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 20, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Toronto Dominion Bank increased its stake in Royal Bank Of Canada (RY) by 697.87% based on its latest 2017Q3 regulatory filing with the SEC. Toronto Dominion Bank bought 10.05M shares as the company’s stock declined 9.02% while stock markets rallied. The institutional investor held 11.49 million shares of the commercial banks company at the end of 2017Q3, valued at $889.28M, up from 1.44M at the end of the previous reported quarter. Toronto Dominion Bank who had been investing in Royal Bank Of Canada for a number of months, seems to be bullish on the $114.35B market cap company. The stock decreased 0.77% or $0.62 during the last trading session, reaching $79.98. About 704,266 shares traded. Royal Bank of Canada (NYSE:RY) has risen 16.29% since February 20, 2017 and is uptrending. It has underperformed by 0.41% the S&P500.

American Investment Services Inc, which manages about $612.10M and $261.23 million US Long portfolio, upped its stake in Pfizer Inc (NYSE:PFE) by 17,554 shares to 410,422 shares, valued at $14.65 million in 2017Q3, according to the filing. It also increased its holding in Verizon Communications Inc (NYSE:VZ) by 15,745 shares in the quarter, for a total of 469,075 shares, and has risen its stake in International Business Machs (NYSE:IBM).

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 114 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, February 5 by Jefferies. The stock has “Buy” rating by BMO Capital Markets on Thursday, June 22. The company was maintained on Tuesday, December 15 by JP Morgan. On Thursday, December 21 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Buy” rating by CLSA given on Tuesday, November 15. The firm has “Hold” rating given on Tuesday, October 3 by Wells Fargo. The firm has “Accumulate” rating given on Monday, September 21 by Tudor Pickering. The stock of Chevron Corporation (NYSE:CVX) earned “Underperform” rating by Macquarie Research on Wednesday, September 23. The stock of Chevron Corporation (NYSE:CVX) earned “Sector Perform” rating by RBC Capital Markets on Friday, February 9. The rating was upgraded by Vetr on Tuesday, August 25 to “Buy”.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It dived, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Stratos Wealth owns 72,059 shares. Train Babcock Advisors Limited Liability Corp reported 1,778 shares. Adams Asset Advisors holds 1.29% of its portfolio in Chevron Corporation (NYSE:CVX) for 80,776 shares. Nikko Asset Mgmt Americas invested 1.22% in Chevron Corporation (NYSE:CVX). L S Advisors Incorporated accumulated 0.21% or 10,622 shares. Invest Prtn Ltd Oh Adv has invested 0.6% of its portfolio in Chevron Corporation (NYSE:CVX). North Star Management Corporation, Illinois-based fund reported 16,785 shares. Boston Limited Liability Corp owns 124,123 shares or 0.33% of their US portfolio. Bennicas And Assocs Inc reported 15,932 shares. Blume Capital Inc owns 0.32% invested in Chevron Corporation (NYSE:CVX) for 5,196 shares. Adirondack Com invested in 12,131 shares or 1.12% of the stock. Cim Investment Mangement reported 11,545 shares. 492,372 were reported by Oregon Public Employees Retirement Fund. Partnervest Advisory Services Limited Liability Corporation holds 0.75% or 13,168 shares. Intrust Bank & Trust Na holds 1.32% or 34,276 shares.

Since October 16, 2017, it had 0 insider buys, and 1 sale for $3.06 million activity.

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