Paloma Partners Management Company Has Upped Its Accenture Plc (ACN) Holding by $2.46 Million; Chevron (CVX) Shareholder Gillespie Robinson & Grimm Cut Position by $1.92 Million

May 23, 2018 - By Adrian Mccoy

Chevron Corporation (NYSE:CVX) Logo

Paloma Partners Management Company increased its stake in Accenture Plc (ACN) by 73.52% based on its latest 2017Q4 regulatory filing with the SEC. Paloma Partners Management Company bought 16,100 shares as the company’s stock declined 3.27% with the market. The institutional investor held 38,000 shares of the business services company at the end of 2017Q4, valued at $5.82M, up from 21,900 at the end of the previous reported quarter. Paloma Partners Management Company who had been investing in Accenture Plc for a number of months, seems to be bullish on the $99.89B market cap company. The stock decreased 1.03% or $1.61 during the last trading session, reaching $155.33. About 1.76 million shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since May 23, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Gillespie Robinson & Grimm Inc decreased its stake in Chevron Corp (CVX) by 8.26% based on its latest 2017Q4 regulatory filing with the SEC. Gillespie Robinson & Grimm Inc sold 15,350 shares as the company’s stock declined 8.26% with the market. The institutional investor held 170,563 shares of the integrated oil company at the end of 2017Q4, valued at $21.35 million, down from 185,913 at the end of the previous reported quarter. Gillespie Robinson & Grimm Inc who had been investing in Chevron Corp for a number of months, seems to be less bullish one the $245.04 billion market cap company. The stock decreased 0.88% or $1.14 during the last trading session, reaching $128.23. About 5.44 million shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since May 23, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on July, 27. They expect $1.87 EPS, up 105.49% or $0.96 from last year’s $0.91 per share. CVX’s profit will be $3.57B for 17.14 P/E if the $1.87 EPS becomes a reality. After $1.90 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts -1.58% negative EPS growth.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron seeks shared development of Australia’s Carnarvon basin” on May 16, 2018, also Seekingalpha.com with their article: “Chevron 2018 Turns Into A Cash Machine” published on May 03, 2018, 247Wallst.com published: “How Higher Prices and Production Lifted Chevron Earnings” on April 27, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Reuters: Valero hiked imports of Venezuelan oil while falling at refining peers” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron: I Was Wrong” with publication date: May 07, 2018.

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. RBC Capital Markets maintained the stock with “Sell” rating in Friday, October 27 report. As per Friday, September 22, the company rating was maintained by BMO Capital Markets. The firm earned “Equal-Weight” rating on Monday, October 12 by Barclays Capital. The rating was maintained by Cowen & Co with “Buy” on Thursday, February 22. BMO Capital Markets upgraded the shares of CVX in report on Thursday, January 11 to “Buy” rating. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Thursday, December 21 by Scotia Capital. Nomura initiated Chevron Corporation (NYSE:CVX) rating on Friday, March 18. Nomura has “Neutral” rating and $85 target. The rating was maintained by Jefferies with “Buy” on Friday, June 23. The firm has “Buy” rating given on Monday, October 30 by Citigroup. The stock has “Buy” rating by Piper Jaffray on Tuesday, January 23.

Investors sentiment increased to 0.99 in 2017 Q4. 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. Moreover, Eagle Ridge has 0.09% invested in Chevron Corporation (NYSE:CVX) for 4,730 shares. Moreover, Rockefeller Financial Services has 0.83% invested in Chevron Corporation (NYSE:CVX) for 422,397 shares. Brick And Kyle Associates, Pennsylvania-based fund reported 14,206 shares. Holt Advsrs Lc Dba Holt Prns Lp, a Texas-based fund reported 7,633 shares. Los Angeles Capital Management Equity Rech Incorporated has invested 0.61% in Chevron Corporation (NYSE:CVX). The Michigan-based Sigma Invest Counselors has invested 0.35% in Chevron Corporation (NYSE:CVX). Moreover, National Bank & Trust Of The Ozarks has 1.37% invested in Chevron Corporation (NYSE:CVX). Ngam Lp holds 0.42% or 332,618 shares. Berkshire Asset Mngmt Ltd Liability Corp Pa owns 0.31% invested in Chevron Corporation (NYSE:CVX) for 25,234 shares. Spectrum Group Inc reported 20,876 shares. Kames Public Limited Co owns 442,895 shares or 1.4% of their US portfolio. Affinity Invest Limited Liability Corp invested 2.07% of its portfolio in Chevron Corporation (NYSE:CVX). British Columbia Investment Mgmt stated it has 0.82% in Chevron Corporation (NYSE:CVX). Bryn Mawr Trust holds 57,475 shares or 0.39% of its portfolio. Sol Mngmt owns 0.25% invested in Chevron Corporation (NYSE:CVX) for 6,956 shares.

Since April 17, 2018, it had 0 insider buys, and 8 insider sales for $48.52 million activity. On Tuesday, April 17 the insider Pate R. Hewitt sold $3.11 million. Another trade for 130,000 shares valued at $16.64 million was made by Wirth Michael K on Monday, May 7. Breber Pierre R had sold 25,000 shares worth $3.26 million. On Friday, May 11 Yarrington Patricia E sold $17.55M worth of Chevron Corporation (NYSE:CVX) or 135,000 shares.

Gillespie Robinson & Grimm Inc, which manages about $954.83 million and $791.51M US Long portfolio, upped its stake in Lowe`S Companies (NYSE:LOW) by 3,440 shares to 182,155 shares, valued at $16.93M in 2017Q4, according to the filing. It also increased its holding in Jp Morgan Chase& Co (NYSE:JPM) by 4,374 shares in the quarter, for a total of 131,506 shares, and has risen its stake in Bank Of America Corp (NYSE:BAC).

More notable recent Accenture plc (NYSE:ACN) news were published by: Streetinsider.com which released: “Accenture (ACN) Announces Acquisition of HO Communication” on May 23, 2018, also Streetinsider.com with their article: “Accenture (ACN) Granted US Patent for ZBx AI Platform that Categorizes Data for Zero-Based Spend Analysis” published on May 21, 2018, Streetinsider.com published: “Accenture (ACN) Announces Acquisition of Certus Solutions” on April 30, 2018. More interesting news about Accenture plc (NYSE:ACN) were released by: Businesswire.com and their article: “Accenture Again Named Technology Advisory House of the Year by Energy Risk Magazine” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Buy Accenture” with publication date: May 07, 2018.

Paloma Partners Management Company, which manages about $7.43B US Long portfolio, decreased its stake in Leucadia National Corp (NYSE:LUK) by 16,962 shares to 12,036 shares, valued at $318,000 in 2017Q4, according to the filing. It also reduced its holding in Newell Brands Inc (Call) (NYSE:NWL) by 44,600 shares in the quarter, leaving it with 7,900 shares, and cut its stake in Align Technology Inc (Put) (NASDAQ:ALGN).

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 96 analyst reports since August 12, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of ACN in report on Friday, March 24 with “Hold” rating. The stock of Accenture plc (NYSE:ACN) has “Outperform” rating given on Friday, June 24 by RBC Capital Markets. The stock has “Hold” rating by Susquehanna on Tuesday, March 20. The firm has “Hold” rating given on Wednesday, December 27 by Robert W. Baird. The rating was maintained by Deutsche Bank with “” on Monday, March 27. The firm has “Hold” rating given on Tuesday, December 26 by Susquehanna. Cantor Fitzgerald maintained the stock with “Buy” rating in Thursday, June 15 report. The firm earned “Neutral” rating on Tuesday, March 20 by Robert W. Baird. The stock of Accenture plc (NYSE:ACN) has “Equal-Weight” rating given on Wednesday, September 27 by Barclays Capital. Morgan Stanley maintained it with “Equal-Weight” rating and $140 target in Friday, September 22 report.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.07, from 1 in 2017Q3. It turned negative, as 46 investors sold ACN shares while 393 reduced holdings. 108 funds opened positions while 300 raised stakes. 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. Abner Herrman And Brock reported 0.08% in Accenture plc (NYSE:ACN). Hilltop Inc owns 1,754 shares. First American Savings Bank holds 0.66% of its portfolio in Accenture plc (NYSE:ACN) for 56,752 shares. Moreover, Kbc Gp Nv has 0.16% invested in Accenture plc (NYSE:ACN) for 121,232 shares. Cap Guardian Trust holds 355,931 shares or 0.77% of its portfolio. Regions has 0.07% invested in Accenture plc (NYSE:ACN) for 39,720 shares. The New York-based Praesidium Invest Mgmt Company Llc has invested 9.31% in Accenture plc (NYSE:ACN). Cambridge Advsrs Inc holds 16,465 shares. Factory Mutual stated it has 286,200 shares. Beck Mack And Oliver Llc holds 1,500 shares. Adirondack Trust, a New York-based fund reported 3,760 shares. Clearbridge Ltd Limited Liability Company reported 126,878 shares or 0.02% of all its holdings. Findlay Park Prns Ltd Liability Partnership accumulated 2.52 million shares. Pacific Glob Mgmt Company owns 2,405 shares. Court Place Advisors Llc accumulated 3,013 shares.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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