Nikko Asset Management Americas Has Cut By $12.69 Million Its Chevron (CVX) Holding; Virtu Financial Class A (VIRT) Shorts Lowered By 6.36%

August 10, 2017 - By Clifton Ray

Virtu Financial Class A (NASDAQ:VIRT) had a decrease of 6.36% in short interest. VIRT’s SI was 8.97M shares in August as released by FINRA. Its down 6.36% from 9.58M shares previously. With 467,300 avg volume, 19 days are for Virtu Financial Class A (NASDAQ:VIRT)’s short sellers to cover VIRT’s short positions. The SI to Virtu Financial Class A’s float is 32.98%. About 95,870 shares traded. Virtu Financial Inc (NASDAQ:VIRT) has declined 9.54% since August 10, 2016 and is downtrending. It has underperformed by 26.24% the S&P500.

Nikko Asset Management Americas Inc decreased Chevron Corp (CVX) stake by 32.82% reported in 2016Q4 SEC filing. Nikko Asset Management Americas Inc sold 108,500 shares as Chevron Corp (CVX)’s stock declined 3.45%. The Nikko Asset Management Americas Inc holds 222,130 shares with $26.15M value, down from 330,630 last quarter. Chevron Corp now has $210.46 billion valuation. The stock rose 0.15% or $0.17 reaching $111.06. About 840,039 shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since August 10, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.08, from 1.07 in 2016Q3. It dived, as 55 investors sold CVX shares while 689 reduced holdings. 120 funds opened positions while 617 raised stakes. 1.17 billion shares or 3.12% more from 1.13 billion shares in 2016Q3 were reported. Aspiriant, a California-based fund reported 38,376 shares. Cambridge Trust holds 31,186 shares or 0.26% of its portfolio. Penobscot Investment reported 34,215 shares. Psagot Inv House Ltd has invested 0% in Chevron Corporation (NYSE:CVX). Intact Mngmt Inc has 203,800 shares. X Mngmt Ltd has 10,159 shares for 0.05% of their portfolio. Gp One Trading Limited Partnership, Illinois-based fund reported 6,944 shares. Pinebridge Invests Limited Partnership reported 59,085 shares. 7.04M are held by Goldman Sachs Group. Meristem Llp holds 0.29% of its portfolio in Chevron Corporation (NYSE:CVX) for 6,096 shares. Stifel Fincl Corporation accumulated 1.85 million shares. Regal Investment Advsrs Limited Liability owns 0.23% invested in Chevron Corporation (NYSE:CVX) for 6,929 shares. Alphamark Advisors Ltd Com has invested 0.14% of its portfolio in Chevron Corporation (NYSE:CVX). Mirae Asset Glob Invs holds 0.3% of its portfolio in Chevron Corporation (NYSE:CVX) for 114,848 shares. First Advisors Lp has invested 0.2% in Chevron Corporation (NYSE:CVX).

Among 32 analysts covering Chevron Corporation (NYSE:CVX), 22 have Buy rating, 1 Sell and 9 Hold. Therefore 69% are positive. Chevron Corporation had 70 analyst reports since August 4, 2015 according to SRatingsIntel. On Wednesday, December 2 the stock rating was upgraded by Citigroup to “Buy”. The company was upgraded on Tuesday, August 25 by Vetr. Wolfe Research upgraded the shares of CVX in report on Tuesday, September 29 to “Peer Perform” rating. JP Morgan upgraded Chevron Corporation (NYSE:CVX) on Friday, September 11 to “Overweight” rating. The stock has “Market Perform” rating by Raymond James on Tuesday, March 22. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Monday, November 2 by Credit Suisse. On Monday, December 21 the stock rating was upgraded by Macquarie Research to “Outperform”. Bank of America upgraded Chevron Corporation (NYSE:CVX) on Monday, August 24 to “Neutral” rating. As per Tuesday, November 1, the company rating was upgraded by Morgan Stanley. The firm has “Neutral” rating by Goldman Sachs given on Friday, March 11.

Nikko Asset Management Americas Inc increased Qualcomm Inc (NASDAQ:QCOM) stake by 11,300 shares to 56,500 valued at $3.68 million in 2016Q4. It also upped Amazon.Com Inc (NASDAQ:AMZN) stake by 600 shares and now owns 2,600 shares. Suncor Energy Inc (NYSE:SU) was raised too.

Since March 13, 2017, it had 0 insider buys, and 1 insider sale for $13.79 million activity. WATSON JOHN S sold $13.79 million worth of Chevron Corporation (NYSE:CVX) on Monday, March 13.

Virtu Financial, Inc. is a holding company. The company has market cap of $1.44 billion. The Firm is a technology-enabled market maker and liquidity well-known provider to the financial markets across the world. It has a 32.45 P/E ratio. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.

Among 4 analysts covering Virtu Financial (NASDAQ:VIRT), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Virtu Financial had 11 analyst reports since August 6, 2015 according to SRatingsIntel. The company was upgraded on Monday, January 11 by Goldman Sachs. Goldman Sachs maintained Virtu Financial Inc (NASDAQ:VIRT) rating on Tuesday, April 5. Goldman Sachs has “Buy” rating and $24.50 target. UBS maintained it with “Buy” rating and $26 target in Tuesday, October 13 report. The rating was downgraded by Zacks on Friday, August 21 to “Hold”. The firm has “Buy” rating by UBS given on Thursday, August 4. The stock has “Sell” rating by Citigroup on Wednesday, July 12. UBS maintained the shares of VIRT in report on Thursday, August 6 with “Buy” rating. Zacks upgraded the stock to “Sell” rating in Saturday, August 8 report. As per Friday, May 27, the company rating was maintained by UBS.

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