Filings Worth Watching: As Chevron Corp New (CVX) Market Valuation Declined, Lincoln National Corp Has Upped Its Holding

Filings Worth Watching: As Chevron Corp New (CVX) Market Valuation Declined, Lincoln National Corp Has Upped Its Holding

Lincoln National Corp increased its stake in Chevron Corp New (CVX) by 10431.17% based on its latest 2016Q3 regulatory filing with the SEC. Lincoln National Corp bought 62,587 shares as the company’s stock declined 1.18% while stock markets rallied. The institutional investor held 63,187 shares of the integrated oil company at the end of 2016Q3, valued at $6.50 million, up from 600 at the end of the previous reported quarter. Lincoln National Corp who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $215.16B market cap company. The stock decreased 0.76% or $0.88 during the last trading session, hitting $114.96. Chevron Corporation (NYSE:CVX) has risen 11.27% since June 7, 2016 and is uptrending. It has outperformed by 3.84% the S&P500.

Lincoln National Corp, which manages about $1.77B US Long portfolio, decreased its stake in Ishares Tr (EEM) by 1.05 million shares to 12.93 million shares, valued at $484.09 million in 2016Q3, according to the filing.

Insitutional Activity: The institutional sentiment increased to 1.07 in Q3 2016. Its up 0.12, from 0.95 in 2016Q2. The ratio is positive, as 58 funds sold all CVX shares owned while 644 reduced positions. 110 funds bought stakes while 643 increased positions. They now own 1.13 billion shares or 1.13% less from 1.15 billion shares in 2016Q2. Beacon Comm has invested 0.46% of its portfolio in Chevron Corporation (NYSE:CVX). Daiwa Securities Group Inc reported 100,008 shares or 0.06% of all its holdings. Moreover, Argi Limited Liability Corporation has 0.08% invested in Chevron Corporation (NYSE:CVX) for 8,658 shares. Pitcairn has 0.17% invested in the company for 13,289 shares. Morgan Dempsey Capital Management Lc has invested 1.11% of its portfolio in Chevron Corporation (NYSE:CVX). Camarda Financial Advsr Limited Co holds 0.02% or 390 shares in its portfolio. Regentatlantic Limited Liability Corp has 109,989 shares for 1.17% of their US portfolio. Butensky And Cohen Security has 1.87% invested in the company for 18,817 shares. Sather Financial Gp Inc Inc accumulated 0.13% or 3,387 shares. Cullinan Associates Inc last reported 0.88% of its portfolio in the stock. Ramsay Stattman Vela & Price has 8,269 shares for 0.41% of their US portfolio. Iab Retail Bank has 21,601 shares for 1.31% of their US portfolio. Roosevelt Invest Group Inc owns 30,247 shares or 0.25% of their US portfolio. Commonwealth Savings Bank Of owns 808,025 shares or 0.99% of their US portfolio. Bollard Gp Ltd Liability, a Massachusetts-based fund reported 93,846 shares.

Insider Transactions: Since August 1, 2016, the stock had 1 insider buy, and 10 insider sales for $24.99 million net activity. Breber Pierre R sold $1.10M worth of stock. The insider Pate R. Hewitt sold 25,500 shares worth $2.76M. THULIN INGE G had bought 487 shares worth $50,096. Wirth Michael K sold $12.56 million worth of Chevron Corporation (NYSE:CVX) on Monday, August 1. Geagea Joseph C sold 26,000 shares worth $2.67 million. $711,893 worth of shares were sold by Ourada Jeanette L on Thursday, August 25. 10,945 shares with value of $1.11 million were sold by JOHNSON JAMES WILLIAM on Wednesday, August 10.

More important recent Chevron Corporation (NYSE:CVX) news were published by: Investorplace.com which released: “Why Chevron Corporation (CVX) Stock Is the Real Energy Star” on January 10, 2017, also Equitiesfocus.com published article titled: “Chevron Corporation (NYSE:CVX) Mean Price Target At $121.46”, Seekingalpha.com published: “Chevron: Let’s Talk Dividends” on January 05, 2017. More interesting news about Chevron Corporation (NYSE:CVX) was released by: Twst.com and their article: “Chevron Corporation: Chevron Announces Sale of Geothermal Operations” with publication date: December 23, 2016.

According to Zacks Investment Research, “Chevron is the fifth-largest integrated energy company in the world. Headquartered in San Ramon, California, and conducting business in approximately 180 countries, this highly competitive corporation is engaged in every aspect of the oil and natural gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation.”

Chevron Corporation (NYSE:CVX) Ratings Coverage

Out of 29 analysts covering Chevron Corporation (NYSE:CVX), 20 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 69% are positive. $122 is the highest target while $65 is the lowest. The $96.55 average target is -16.01% below today’s ($114.96) stock price. Chevron Corporation has been the topic of 56 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, December 1 by Independent Research. Nomura initiated Chevron Corporation (NYSE:CVX) on Friday, March 18 with “Neutral” rating. The stock has “Underperform” rating given by Macquarie Research on Wednesday, September 23. BMO Capital Markets initiated Chevron Corporation (NYSE:CVX) rating on Tuesday, September 13. BMO Capital Markets has “Outperform” rating and $120 price target. UBS maintained it with “Neutral” rating and $104 target price in Monday, May 2 report. Wolfe Research upgraded the shares of CVX in a report on Tuesday, September 29 to “Peer Perform” rating. The firm has “Outperform” rating by Macquarie Research given on Monday, December 21. UBS maintained Chevron Corporation (NYSE:CVX) rating on Monday, August 3. UBS has “Neutral” rating and $95 price target. The stock of Chevron Corporation (NYSE:CVX) earned “Outperform” rating by Wolfe Research on Wednesday, March 9. The stock has “Buy” rating given by Goldman Sachs on Monday, October 31.

CVX Company Profile

Chevron Corporation (Chevron), incorporated on January 27, 1926, manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Firm operates through two business divisions: Upstream and Downstream. Upstream activities consist primarily of exploring for, developing and producing natural gas and crude oil; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; transporting, storage and marketing of natural gas, and a gas-to-liquids plant. Downstream activities consist primarily of refining crude oil into petroleum products; marketing of crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

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