As Chevron Corp. (CVX) Market Valuation Rose, Holder Cullen Capital Management Lowered Its Position by $322,620; Ycg Has Lowered Microsoft (MSFT) Stake as Market Value Rose

June 24, 2018 - By Stephen Andrade

Chevron Corporation (NYSE:CVX) Logo

Cullen Capital Management Llc decreased its stake in Chevron Corp. (CVX) by 0.46% based on its latest 2018Q1 regulatory filing with the SEC. Cullen Capital Management Llc sold 2,830 shares as the company’s stock rose 6.62% while stock markets declined. The institutional investor held 617,615 shares of the integrated oil company at the end of 2018Q1, valued at $70.43M, down from 620,445 at the end of the previous reported quarter. Cullen Capital Management Llc who had been investing in Chevron Corp. for a number of months, seems to be less bullish one the $239.06B market cap company. The stock increased 2.05% or $2.51 during the last trading session, reaching $125.1. About 8.91M shares traded or 31.72% up from the average. Chevron Corporation (NYSE:CVX) has risen 16.25% since June 24, 2017 and is uptrending. It has outperformed by 3.68% the S&P500. Some Historical CVX News: 26/03/2018 – Cal EMA Spills: SPILL Report – Chevron – 03/26/2018 11:15 AM; 17/04/2018 – Caracas Chron: Using Corruption As an Excuse, Persecution Spree Hits Chevron; 26/04/2018 – The Next Steps for Chevron’s Drilling Technology (Video); 27/04/2018 – CHEVRON CORP – QTRLY TOTAL REVENUES AND OTHER INCOME $37,764 MLN VS $33,421 MLN; 06/03/2018 – CHEVRON UPS PRODUCTION GROWTH FORECAST TO 2-3%/YR THROUGH 2022; 27/04/2018 – Phillips 66 expects late 2019 investment decision on ethane cracker -CEO; 05/04/2018 – KEMIRA KEMIRA SIGNS MULTIYEAR POLYMER SUPPLY PACT W/ CHEVRON; 23/04/2018 – Two Chevron employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state-owned oil company PDVSA, according to sources familiar with draft charges against the executives; 06/03/2018 – CHEVRON SEES PERMIAN UNCONVENTIONAL YE 2022 PRODUCTION OF 650 MBOED; 18/05/2018 – Amyris Sustainable Lubricants Joint Venture Company, Novvi, and Chevron Enter Agreement To Develop and Bring To Market New Renewable Base Oil Technologies

Ycg Llc decreased its stake in Microsoft Corp (MSFT) by 8.66% based on its latest 2018Q1 regulatory filing with the SEC. Ycg Llc sold 9,744 shares as the company’s stock rose 3.08% while stock markets declined. The institutional investor held 102,814 shares of the prepackaged software company at the end of 2018Q1, valued at $9.28M, down from 112,558 at the end of the previous reported quarter. Ycg Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $771.47B market cap company. The stock decreased 0.72% or $0.73 during the last trading session, reaching $100.41. About 22.23M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 41.28% since June 24, 2017 and is uptrending. It has outperformed by 28.71% the S&P500. Some Historical MSFT News: 03/04/2018 – eXp Realty Announces March ICON Agents; 19/03/2018 – Amazon launches a cloud service for game developers, taking on Microsoft and Google; 11/04/2018 – Commvault Expands Microsoft Azure Stack Integration; 27/04/2018 – Microsoft opened nearly 4% up Friday, the day after a first-quarter earnings beat. via @cnbctech; 07/03/2018 – Ecolab Sells China Industrial Phosphonate Chemical Component Business; 24/05/2018 – AppRiver Offers Guidance for MSPs, Resellers on Benefits of Microsoft 365; 03/04/2018 – EMPIRED LTD EPD.AX – EMPIRED CHOSEN AS LAUNCH PARTNER FOR MICROSOFT’S AZURE AUSTRALIA CENTRAL REGIONS; 19/04/2018 – A six-page memo explains Jeff Bezos’s plan to end the era of a Microsoft Office giant; 09/04/2018 – KPMG to Acquire Adoxio — Strengthening its Global Leadership as a Microsoft Dynamics 365 lntegrator; 07/05/2018 – Bitcoin and other cryptocurrencies are “kind of a pure ‘greater fool theory’ type of investment,” Microsoft co-founder Bill Gates said Monday on CNBC’s “Squawk Box.”

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 earnings per share, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30 billion for 23.24 P/E if the $1.08 EPS becomes a reality. After $0.95 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

Investors sentiment decreased to 0.74 in Q1 2018. Its down 0.03, from 0.77 in 2017Q4. It dropped, as 49 investors sold MSFT shares while 1035 reduced holdings. 142 funds opened positions while 665 raised stakes. 5.38 billion shares or 1.45% less from 5.46 billion shares in 2017Q4 were reported. The Switzerland-based Pictet North America Advsrs has invested 2.03% in Microsoft Corporation (NASDAQ:MSFT). First Allied Advisory Service has 316,850 shares. Spectrum Asset Management (Nb Ca) holds 1.32% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 16,051 shares. Rothschild Investment Corp Il reported 124,578 shares. Field & Main National Bank holds 0.87% in Microsoft Corporation (NASDAQ:MSFT) or 9,720 shares. Zuckerman Inv Grp Ltd Liability Co has 100,257 shares for 2.34% of their portfolio. Eads Heald Counsel owns 23,243 shares. Bluestein R H Com holds 432,537 shares. Diversified Investment Strategies Limited reported 98,528 shares. New York-based Eos Limited Partnership has invested 0.52% in Microsoft Corporation (NASDAQ:MSFT). Moreover, Muhlenkamp & Company has 5.39% invested in Microsoft Corporation (NASDAQ:MSFT). Stack Fincl Mgmt owns 557,249 shares. Towercrest Capital Management reported 3,225 shares. Sumitomo Mitsui Trust Hldgs Incorporated invested in 2.57% or 21.90 million shares. Credit Capital Lc, New Jersey-based fund reported 26,500 shares.

Since February 16, 2018, it had 1 buy, and 4 insider sales for $1.39 million activity. On Tuesday, June 5 the insider PETERSON SANDRA E bought $550,606.

Ycg Llc, which manages about $279.00M and $456.99 million US Long portfolio, upped its stake in Cbre Group Inc (NYSE:CBG) by 190,527 shares to 508,854 shares, valued at $23.90 million in 2018Q1, according to the filing. It also increased its holding in Moodys Corp (NYSE:MCO) by 66,858 shares in the quarter, for a total of 135,493 shares, and has risen its stake in Wells Fargo & Co New (NYSE:WFC).

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “Microsoft (MSFT) Puts Rumors to Rest by Confirming GitHub Buyout” on June 14, 2018, also Seekingalpha.com with their article: “Microsoft: Outlook Remains Bright” published on June 19, 2018, Nasdaq.com published: “AT&T Faces Uphill Battle of Branded Content vs. Technology” on June 21, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Nasdaq.com and their article: “Nintendo and Microsoft Partner to Promote Console Cross-Play” published on June 22, 2018 as well as Seekingalpha.com‘s news article titled: “For Microsoft The Future Is Now” with publication date: June 13, 2018.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 196 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, January 27, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, August 23. On Wednesday, January 3 the stock rating was maintained by Piper Jaffray with “Buy”. The firm earned “Buy” rating on Friday, July 21 by UBS. The firm earned “Buy” rating on Thursday, February 1 by Bank of America. The firm earned “Neutral” rating on Tuesday, April 26 by Macquarie Research. Nomura maintained the stock with “Buy” rating in Friday, February 2 report. The stock has “Buy” rating by Deutsche Bank on Wednesday, December 16. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Overweight” rating by Piper Jaffray on Thursday, December 22. The firm earned “Buy” rating on Friday, October 23 by Bank of America.

Cullen Capital Management Llc, which manages about $3.87B and $2.82B US Long portfolio, upped its stake in Lukoil Pjsc (Adr) by 41,015 shares to 224,375 shares, valued at $15.53M in 2018Q1, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 4,125 shares in the quarter, for a total of 557,335 shares, and has risen its stake in Bae Systems Plc (BAESF).

Among 36 analysts covering Chevron Corporation (NYSE:CVX), 28 have Buy rating, 0 Sell and 8 Hold. Therefore 78% are positive. Chevron Corporation had 125 analyst reports since August 4, 2015 according to SRatingsIntel. Howard Weil upgraded it to “Sector Outperform” rating and $101 target in Monday, December 14 report. Societe Generale upgraded Chevron Corporation (NYSE:CVX) on Friday, February 2 to “Buy” rating. Independent Research upgraded the shares of CVX in report on Thursday, December 1 to “Buy” rating. The stock of Chevron Corporation (NYSE:CVX) has “Peer Perform” rating given on Tuesday, September 29 by Wolfe Research. Cowen & Co maintained Chevron Corporation (NYSE:CVX) on Tuesday, October 24 with “Buy” rating. As per Thursday, January 18, the company rating was downgraded by HSBC. The company was upgraded on Monday, June 18 by Raymond James. The rating was maintained by Goldman Sachs with “Neutral” on Friday, March 18. The firm earned “Buy” rating on Friday, July 21 by Citigroup. The rating was downgraded by Simmons & Co on Thursday, January 21 to “Neutral”.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.09, from 0.99 in 2017Q4. It fall, 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. Pacific Heights Asset Mgmt Ltd Liability Company holds 2.43% or 200,000 shares. Ionic Capital Mngmt Limited Com stated it has 2,000 shares or 0.01% of all its holdings. Ashford Cap Mgmt has 2,900 shares. Mufg Americas reported 1.9% in Chevron Corporation (NYSE:CVX). Roof Eidam & Maycock Adv invested 0.55% of its portfolio in Chevron Corporation (NYSE:CVX). Asset Advisors has 6,862 shares. The Florida-based Provise Mgmt Lc has invested 0.29% in Chevron Corporation (NYSE:CVX). Wagner Bowman reported 0.51% of its portfolio in Chevron Corporation (NYSE:CVX). Miller Inv Mgmt Limited Partnership stated it has 0.38% in Chevron Corporation (NYSE:CVX). B T Cap Management Dba Alpha Cap Management invested 0.96% in Chevron Corporation (NYSE:CVX). Boothbay Fund Management Limited Liability Co owns 9,100 shares. Heritage Mgmt Corp invested in 141,348 shares or 1% of the stock. Stillwater Investment Management Ltd Liability stated it has 2,650 shares. Hanson Mcclain reported 0.32% of its portfolio in Chevron Corporation (NYSE:CVX). Mrj Cap Inc has invested 1.08% of its portfolio in Chevron Corporation (NYSE:CVX).

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on July, 27. They expect $1.93 EPS, up 112.09% or $1.02 from last year’s $0.91 per share. CVX’s profit will be $3.69 billion for 16.20 P/E if the $1.93 EPS becomes a reality. After $1.90 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 1.58% EPS growth.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Bizjournals.com which released: “Chevron’s VC arm launches new $100M fund” on June 20, 2018, also Seekingalpha.com with their article: “Alberto affecting Gulf oil production” published on May 28, 2018, Nasdaq.com published: “Should You Invest in Emerging Market ETFs Right Now?” on June 22, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron: Why I See Further Upside” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “FT: Exxon, Chevron accused over tax secrecy” with publication date: June 06, 2018.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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