Carderock Capital Management Has Raised Its Chevron Texaco (CVX) Position; First Solar, Inc. (FSLR) Covered By 15 Bulls

May 21, 2018 - By Peter Erickson

First Solar, Inc. (NASDAQ:FSLR) Logo

Carderock Capital Management Inc increased Chevron Texaco Corp (CVX) stake by 14.61% reported in 2017Q4 SEC filing. Carderock Capital Management Inc acquired 4,120 shares as Chevron Texaco Corp (CVX)’s stock declined 8.26%. The Carderock Capital Management Inc holds 32,315 shares with $4.05M value, up from 28,195 last quarter. Chevron Texaco Corp now has $246.34 billion valuation. The stock increased 0.82% or $1.05 during the last trading session, reaching $128.91. About 308,044 shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since May 21, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Among 31 analysts covering First Solar Inc. (NASDAQ:FSLR), 15 have Buy rating, 3 Sell and 13 Hold. Therefore 48% are positive. First Solar Inc. had 89 analyst reports since August 5, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with “Hold” rating in Friday, October 27 report. The stock has “Overweight” rating by JP Morgan on Thursday, May 10. The firm has “Outperform” rating by Cowen & Co given on Wednesday, August 5. The rating was maintained by Mizuho on Thursday, November 17 with “Neutral”. As per Wednesday, December 6, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Deutsche Bank given on Tuesday, April 26. The firm has “Buy” rating given on Wednesday, April 18 by Bank of America. The rating was upgraded by Standpoint Research on Monday, January 18 to “Buy”. The firm earned “Hold” rating on Wednesday, December 9 by Standpoint Research. The firm has “Hold” rating given on Wednesday, July 19 by Standpoint Research. See First Solar, Inc. (NASDAQ:FSLR) latest ratings:

10/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
30/04/2018 Broker: UBS Rating: Buy New Target: $94.0000 Maintain
27/04/2018 Broker: Credit Suisse Old Rating: Underperform New Rating: Underperform Old Target: $57 New Target: $59 Maintain
27/04/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Outperform Old Target: $84 New Target: $87 Maintain
22/04/2018 Broker: Roth Capital Rating: Buy New Target: $90.0000 Maintain
19/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $85.0000 Maintain
18/04/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
16/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $63 New Target: $64 Maintain
16/03/2018 Broker: UBS Rating: Buy New Target: $81 Initiates Coverage On
07/03/2018 Broker: Standpoint Research Old Rating: Hold New Rating: Accumulate Upgrade

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It increased, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. 223,949 were reported by Amalgamated National Bank & Trust. Moreover, M&T Savings Bank Corporation has 0.92% invested in Chevron Corporation (NYSE:CVX). Mountain Pacific Invest Advisers Id owns 15,013 shares. Madison Invest has 0.48% invested in Chevron Corporation (NYSE:CVX) for 225,599 shares. Rothschild Asset Management has invested 0.98% in Chevron Corporation (NYSE:CVX). Cornerstone Cap Management Hldg Ltd Com, a New York-based fund reported 839,716 shares. Davis R M stated it has 0.17% in Chevron Corporation (NYSE:CVX). 22,677 are held by First Foundation. Pictet North America Advsr Sa accumulated 48,422 shares. Woodley Farra Manion Port Management holds 2.53% or 184,379 shares. Lsv Asset Mngmt holds 0.97% or 4.89M shares. Keybank Natl Association Oh holds 758,285 shares or 0.54% of its portfolio. Washington Trust Bank has invested 0.49% in Chevron Corporation (NYSE:CVX). Interest holds 10.21M shares. 747 were accumulated by Td Capital.

Since April 17, 2018, it had 0 insider buys, and 8 sales for $48.52 million activity. Another trade for 25,500 shares valued at $3.31 million was sold by Pate R. Hewitt. Another trade for 25,000 shares valued at $3.26 million was sold by Breber Pierre R. 12,000 shares were sold by Geagea Joseph C, worth $1.56 million on Friday, May 11. $17.55 million worth of Chevron Corporation (NYSE:CVX) was sold by Yarrington Patricia E on Friday, May 11. Wirth Michael K had sold 130,000 shares worth $16.64M on Monday, May 7.

Carderock Capital Management Inc decreased Thermo Fisher Scientific (NYSE:TMO) stake by 4,625 shares to 28,708 valued at $5.45 million in 2017Q4. It also reduced Mastercard Worldwide (NYSE:MA) stake by 2,113 shares and now owns 49,599 shares. Snap (NYSE:SNA) was reduced too.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 122 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Friday, August 18 by RBC Capital Markets. On Monday, April 30 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Buy” rating by Cowen & Co on Thursday, July 27. The firm has “Overweight” rating by JP Morgan given on Tuesday, December 15. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, September 13. As per Tuesday, November 1, the company rating was upgraded by Morgan Stanley. On Thursday, January 4 the stock rating was downgraded by Bank of America to “Hold”. Morgan Stanley maintained the shares of CVX in report on Wednesday, October 18 with “Overweight” rating. The rating was downgraded by BNP Paribas on Friday, May 26 to “Underperform”. The company was initiated on Tuesday, December 15 by Credit Agricole.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron: A Dividend Stock I’ll Never Buy” on May 17, 2018, also Seekingalpha.com with their article: “Chevron Impresses In The Permian” published on May 11, 2018, Investorplace.com published: “Use Cautious Optimism With Chevron Corporation Stock Right Now” on May 15, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Bloomberg: Glencore near $1B purchase of Chevron Southern Africa assets” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron seeks shared development of Australia’s Carnarvon basin” with publication date: May 16, 2018.

The stock increased 1.06% or $0.7448 during the last trading session, reaching $70.7448. About 136,917 shares traded. First Solar, Inc. (NASDAQ:FSLR) has risen 153.31% since May 21, 2017 and is uptrending. It has outperformed by 141.76% the S&P500.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Seekingalpha.com which released: “First Solar: The Future Looks Bright” on May 02, 2018, also Benzinga.com with their article: “First Solar A Buy On Series 6 Potential, JPMorgan Says In Upgrade” published on May 10, 2018, Seekingalpha.com published: “First Solar’s (FSLR) CEO Mark Widmar Hosts 2018 Annual Meeting of Stockholders (Transcript)” on May 16, 2018. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Globenewswire.com and their article: “First Solar, Inc. Announces First Quarter 2018 Financial Results” published on April 26, 2018 as well as Benzinga.com‘s news article titled: “Credit Suisse Doubles Down On Bearish Stance Before First Solar’s Q1 Print: ‘Major Catalysts Are Behind Us'” with publication date: April 24, 2018.

Since December 18, 2017, it had 1 insider buy, and 14 insider sales for $6.46 million activity. $187,980 worth of First Solar, Inc. (NASDAQ:FSLR) was bought by Hambro George A. ANTOUN GEORGES also sold $234,489 worth of First Solar, Inc. (NASDAQ:FSLR) on Monday, April 23. $1.04 million worth of First Solar, Inc. (NASDAQ:FSLR) was sold by DeJong Philip. Shares for $294,619 were sold by Bradley Alexander R.. Garabedian Raffi sold $790,580 worth of First Solar, Inc. (NASDAQ:FSLR) on Monday, December 18. The insider Bueter Christopher sold 13,000 shares worth $882,310. KALETA PAUL J also sold $448,010 worth of First Solar, Inc. (NASDAQ:FSLR) on Friday, March 9.

Investors sentiment increased to 1.29 in 2017 Q4. Its up 0.13, from 1.16 in 2017Q3. It is positive, as 37 investors sold First Solar, Inc. shares while 98 reduced holdings. 81 funds opened positions while 93 raised stakes. 52.38 million shares or 2.41% more from 51.15 million shares in 2017Q3 were reported. Alpha Windward Lc holds 0.01% or 170 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in First Solar, Inc. (NASDAQ:FSLR). Cullinan Associate Inc reported 0.05% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Hightower Ltd Company stated it has 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Laurel Grove Cap Limited Liability Corporation stated it has 0.43% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). State Of Alaska Department Of Revenue, Alaska-based fund reported 4,800 shares. Commonwealth Of Pennsylvania School Empls Retrmt Systems accumulated 0.01% or 11,898 shares. Citigroup reported 135,609 shares. 2.39M were accumulated by State Street. Jefferies Group Limited Liability holds 0% or 5,385 shares in its portfolio. Allsquare Wealth Mngmt Ltd Liability Corporation invested in 0% or 25 shares. Proshare Advisors Limited Liability Corporation holds 0.01% in First Solar, Inc. (NASDAQ:FSLR) or 13,113 shares. Assetmark Inc stated it has 332 shares or 0% of all its holdings. 413,973 are held by Morgan Stanley. Next Fincl Group Inc reported 3,450 shares or 0.1% of all its holdings.

First Solar, Inc. (NASDAQ:FSLR) Institutional Positions Chart

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