Howland Capital Management Has Cut Its Chevron New (CVX) Stake as Shares Declined; As Ibm (IBM) Stock Value Declined, Shareholder Adams Asset Advisors Lifted Its Stake

April 24, 2018 - By Adrian Erickson

Chevron Corporation (NYSE:CVX) Logo

Adams Asset Advisors Llc increased its stake in Ibm Corp (IBM) by 7.79% based on its latest 2017Q4 regulatory filing with the SEC. Adams Asset Advisors Llc bought 2,961 shares as the company’s stock declined 0.39% with the market. The institutional investor held 40,962 shares of the computer manufacturing company at the end of 2017Q4, valued at $6.28 million, up from 38,001 at the end of the previous reported quarter. Adams Asset Advisors Llc who had been investing in Ibm Corp for a number of months, seems to be bullish on the $133.86B market cap company. The stock decreased 0.37% or $0.54 during the last trading session, reaching $145.32. About 2.39M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 24, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Howland Capital Management Llc decreased its stake in Chevron Corp New (CVX) by 4.95% based on its latest 2017Q4 regulatory filing with the SEC. Howland Capital Management Llc sold 4,080 shares as the company’s stock declined 8.26% with the market. The institutional investor held 78,374 shares of the integrated oil company at the end of 2017Q4, valued at $9.81M, down from 82,454 at the end of the previous reported quarter. Howland Capital Management Llc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $236.42 billion market cap company. The stock increased 0.11% or $0.14 during the last trading session, reaching $123.72. About 3.59 million shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 24, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 120 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained the shares of CVX in report on Monday, February 5 with “Buy” rating. The stock has “Neutral” rating by UBS on Monday, August 3. The stock of Chevron Corporation (NYSE:CVX) has “Hold” rating given on Tuesday, August 4 by S&P Research. The firm has “Buy” rating by Bank of America given on Wednesday, February 28. Argus Research upgraded Chevron Corporation (NYSE:CVX) on Wednesday, December 16 to “Buy” rating. The stock of Chevron Corporation (NYSE:CVX) earned “Overweight” rating by Morgan Stanley on Wednesday, October 18. On Wednesday, March 7 the stock rating was upgraded by DZ Bank to “Buy”. The firm has “Strong-Buy” rating by Vetr given on Friday, August 28. The firm has “Underperform” rating given on Friday, May 26 by BNP Paribas. The rating was maintained by Piper Jaffray with “Buy” on Monday, February 5.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It is positive, 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. 49,557 were accumulated by Cypress Asset Mngmt Tx. Texas Permanent School Fund reported 518,511 shares or 0.81% of all its holdings. 31,042 are held by Somerville Kurt F. Bancshares Hapoalim Bm reported 1,640 shares. Loudon Mgmt Ltd Company has 0.32% invested in Chevron Corporation (NYSE:CVX) for 3,403 shares. Janney Montgomery Scott Limited Liability Company has 523,500 shares. Novare Cap Limited Com reported 47,593 shares or 1.01% of all its holdings. Balasa Dinverno & Foltz Limited Co holds 17,969 shares or 0.33% of its portfolio. Poplar Forest Ltd Liability Corp has 3.25% invested in Chevron Corporation (NYSE:CVX) for 325,893 shares. Banque Pictet & Cie Sa holds 157,285 shares. Murphy Pohlad Asset Ltd Liability Co has invested 0.52% in Chevron Corporation (NYSE:CVX). Ballentine Ptnrs Limited Liability Company owns 8,788 shares or 0.06% of their US portfolio. Annex Advisory Service Ltd Liability Corporation has invested 0.13% in Chevron Corporation (NYSE:CVX). Genesee Valley Tru accumulated 6,334 shares. Brick Kyle Associates accumulated 14,206 shares.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27 before the open. They expect $1.48 EPS, up 4.96% or $0.07 from last year’s $1.41 per share. CVX’s profit will be $2.83 billion for 20.90 P/E if the $1.48 EPS becomes a reality. After $0.73 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 102.74% EPS growth.

Howland Capital Management Llc, which manages about $1.25 billion and $1.25B US Long portfolio, upped its stake in Vodafone Group Plc New (NASDAQ:VOD) by 13,649 shares to 515,786 shares, valued at $16.45 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Bd Index Fd Inc (BND) by 5,078 shares in the quarter, for a total of 82,011 shares, and has risen its stake in Becton Dickinson & Co (NYSE:BDX).

Since April 17, 2018, it had 0 insider buys, and 1 insider sale for $3.11 million activity.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 129 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Thursday, October 12. The company was maintained on Tuesday, July 19 by Goldman Sachs. The stock has “Neutral” rating by Citigroup on Wednesday, October 21. The firm has “Buy” rating given on Friday, July 21 by Argus Research. On Tuesday, July 19 the stock rating was maintained by Deutsche Bank with “Hold”. As per Monday, September 25, the company rating was maintained by KeyBanc Capital Markets. The firm has “Overweight” rating given on Tuesday, July 19 by Morgan Stanley. BMO Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Wednesday, October 18. BMO Capital Markets has “Market Perform” rating and $170 target. The company was maintained on Tuesday, April 19 by Bernstein. Berenberg initiated the stock with “Sell” rating in Tuesday, April 4 report.

Adams Asset Advisors Llc, which manages about $828.72M and $812.76M US Long portfolio, decreased its stake in Energy Transfer Partners Units Rep LP Int (NYSE:ETP) by 38,036 shares to 281,830 shares, valued at $5.05 million in 2017Q4, according to the filing. It also reduced its holding in Occidental Pete Corp (NYSE:OXY) by 9,111 shares in the quarter, leaving it with 6.29M shares, and cut its stake in Cisco Systems Inc (NASDAQ:CSCO).

Since January 31, 2018, it had 1 buy, and 2 insider sales for $2.69 million activity. On Monday, February 26 the insider Gherson Diane J sold $780,000. $99,659 worth of International Business Machines Corporation (NYSE:IBM) was bought by WADDELL FREDERICK H on Wednesday, January 31.

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.29, from 0.74 in 2017Q3. It is positive, as 54 investors sold IBM shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Lsv Asset Mngmt reported 0.64% stake. Mairs Pwr holds 0.23% or 127,868 shares in its portfolio. Flossbach Von Storch Ag owns 2.70M shares or 3.96% of their US portfolio. Coho Prtn Ltd has 4,150 shares for 0.02% of their portfolio. Pineno Levin & Ford Asset Incorporated has 28,645 shares for 1.83% of their portfolio. Boston Partners holds 0.01% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 43,995 shares. Chickasaw Capital Mngmt Lc reported 2,121 shares. Comerica Financial Bank stated it has 0.5% in International Business Machines Corporation (NYSE:IBM). Country Retail Bank has invested 0.01% in International Business Machines Corporation (NYSE:IBM). Japan-based Sumitomo Life Co has invested 0.53% in International Business Machines Corporation (NYSE:IBM). Strategic Financial invested 0.22% of its portfolio in International Business Machines Corporation (NYSE:IBM). New York-based John G Ullman & has invested 2.05% in International Business Machines Corporation (NYSE:IBM). Neumann Llc reported 0.43% stake. Ohio-based Riverpoint Mgmt Ltd Liability Corporation has invested 0.03% in International Business Machines Corporation (NYSE:IBM). Salem Management invested in 3,180 shares.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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