As Chevron New (CVX) Share Price Declined, Capital One National Association Has Decreased by $758,772 Its Position; Asset Advisors Has Upped Holding in South State (SSB) by $1.55 Million

September 14, 2018 - By Tyler Harlow

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Capital One National Association decreased its stake in Chevron Corp New (CVX) by 6.37% based on its latest 2018Q2 regulatory filing with the SEC. Capital One National Association sold 6,022 shares as the company’s stock declined 8.88% while stock markets rallied. The institutional investor held 88,447 shares of the integrated oil company at the end of 2018Q2, valued at $11.18 million, down from 94,469 at the end of the previous reported quarter. Capital One National Association who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $224.05B market cap company. The stock increased 0.54% or $0.63 during the last trading session, reaching $116.93. About 642,797 shares traded. Chevron Corporation (NYSE:CVX) has risen 2.93% since September 14, 2017 and is uptrending. It has underperformed by 12.69% the S&P500. Some Historical CVX News: 19/05/2018 – Breitbart News: Delingpole – Can’t Handle the Truth: Actor Quits `Anti-Environmental’ Chevron Drama; 05/03/2018 – Singapore News: [CNA] Exclusive: Chevron in talks to sell stake in Canada LNG project; 06/03/2018 – CHEVRON CEO INTERIVEW ON CNBC ENDS; 25/04/2018 – INSIGHT-Chevron evacuates Venezuela executives following staff arrests; 07/03/2018 – CHEVRON SEEING SOME COST PRESSURES IN PERMIAN BASIN; 30/04/2018 – CHEVRON PRESENTATION AT OFFSHORE TECHNOLOGY CONFERENCE ENDS; 06/03/2018 – CHEVRON: TENGIZ FIELD ON TRACK FOR FIRST PRODUCTION IN 2022; 29/03/2018 – CHEVRON WINS ONE SANTOS OFFSHORE BLOCK IN BRAZIL BID ROUND; 24/05/2018 – Sea-Land Chemical Company and Chevron Phillips Chemical Company LP Expand Distribution Relationship to Include Normal Alpha Olefins; 22/03/2018 – BP, CHEVRON, SHELL AMONG COS QUALIFIED TO BID IN MEXICO AUCTION

Asset Advisors Corp increased its stake in South State Corp (SSB) by 10.38% based on its latest 2018Q2 regulatory filing with the SEC. Asset Advisors Corp bought 18,006 shares as the company’s stock declined 10.13% while stock markets rallied. The institutional investor held 191,468 shares of the major banks company at the end of 2018Q2, valued at $16.51 million, up from 173,462 at the end of the previous reported quarter. Asset Advisors Corp who had been investing in South State Corp for a number of months, seems to be bullish on the $2.97 billion market cap company. The stock increased 0.94% or $0.75 during the last trading session, reaching $80.85. About 13,697 shares traded. South State Corporation (NASDAQ:SSB) has declined 3.37% since September 14, 2017 and is downtrending. It has underperformed by 18.99% the S&P500. Some Historical SSB News: 23/04/2018 – South State Closes Above 200-Day Moving Average: Technicals; 20/04/2018 – DJ South State Corporation, Inst Holders, 1Q 2018 (SSB); 24/04/2018 – SOUTH STATE BOOSTS QTR DIV TO 34C/SHR FROM 33C, EST. 34C; 24/04/2018 – SOUTH STATE CORP – EFFECTIVE JULY 1, 2018, CAP ON INTERCHANGE FEES UNDER DURBIN AMENDMENT WILL BE IN PLACE FOR COMPANY; 25/04/2018 – SOUTH STATE CORP SSB.O : KBW CUTS TO MARKET PERFORM FROM OUTPERFORM; 24/04/2018 – SOUTH STATE CORP – INCREASED QTRLY CASH DIVIDEND FOR SHAREHOLDERS TO $0.34 PER SHARE, UP $0.01 PER SHARE OVER LAST QUARTER; 24/04/2018 – SOUTH STATE CORP – PER SHARE DIVIDEND AMOUNT HIGHER BY $0.01 PER SHARE, OR 3.0% COMPARED TO LAST QUARTER AND SAME QUARTER ONE YEAR AGO; 24/04/2018 – SOUTH STATE 1Q ADJ EPS $1.39; 24/04/2018 – South State 1Q Cash and Cash Equivalents Increased by $266.9M; 24/04/2018 – South State Raises Dividend to 34c

Asset Advisors Corp, which manages about $657.91M and $574.68M US Long portfolio, decreased its stake in Sch Us Div Equity Etf (SCHD) by 15,720 shares to 1.41M shares, valued at $69.68M in 2018Q2, according to the filing. It also reduced its holding in Coca (NYSE:KO) by 7,491 shares in the quarter, leaving it with 298,786 shares, and cut its stake in Vanguard Industrials (VIS).

Among 9 analysts covering South State Corp (NASDAQ:SSB), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. South State Corp had 38 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Hold” rating by Brean Capital on Monday, February 5. The rating was maintained by Sandler O’Neill on Wednesday, March 28 with “Hold”. The company was initiated on Wednesday, December 2 by Stephens. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 25. The firm has “Hold” rating by Brean Capital given on Wednesday, November 30. SunTrust maintained it with “Buy” rating and $108.0 target in Wednesday, January 24 report. Stephens maintained the stock with “Hold” rating in Friday, July 21 report. The firm has “Hold” rating by Brean Capital given on Wednesday, August 2. The firm earned “Hold” rating on Monday, October 23 by Brean Capital. SunTrust maintained the stock with “Buy” rating in Tuesday, November 28 report.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Finance.Yahoo.com which released: “Is Chevron Corporation (NYSE:CVX) A Smart Pick For Income Investors?” on September 08, 2018, also Seekingalpha.com with their article: “Chevron: Options To Boost The Yield” published on August 30, 2018, Seekingalpha.com published: “Fuel shippers ask FERC to expedite hearing on Colonial Pipeline rates” on September 10, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron signs with Sempra’s iEnova for Mexican refined fuels terminal” published on September 14, 2018 as well as Seekingalpha.com‘s news article titled: “500000 BPD Could Come Back Online, And Why That Matters To Chevron” with publication date: August 27, 2018.

Since April 17, 2018, it had 0 insider buys, and 10 insider sales for $50.35 million activity. $3.11 million worth of Chevron Corporation (NYSE:CVX) shares were sold by Pate R. Hewitt. Another trade for 12,000 shares valued at $1.55 million was made by Geagea Joseph C on Wednesday, May 9. $17.55 million worth of Chevron Corporation (NYSE:CVX) was sold by Yarrington Patricia E on Friday, May 11. Breber Pierre R sold $3.26M worth of stock or 25,000 shares. $603,067 worth of Chevron Corporation (NYSE:CVX) was sold by JOHNSON JAMES WILLIAM.

Among 37 analysts covering Chevron Corporation (NYSE:CVX), 27 have Buy rating, 0 Sell and 10 Hold. Therefore 73% are positive. Chevron Corporation had 129 analyst reports since August 4, 2015 according to SRatingsIntel. BMO Capital Markets maintained Chevron Corporation (NYSE:CVX) on Thursday, June 22 with “Buy” rating. The rating was upgraded by Goldman Sachs to “Neutral” on Friday, March 11. Barclays Capital maintained the shares of CVX in report on Monday, October 12 with “Equal-Weight” rating. The firm earned “Sector Perform” rating on Wednesday, March 9 by RBC Capital Markets. Jefferies maintained it with “Buy” rating and $130.0 target in Tuesday, August 29 report. The firm has “Sector Perform” rating given on Friday, February 9 by RBC Capital Markets. The company was maintained on Sunday, April 22 by Piper Jaffray. The company was maintained on Tuesday, October 3 by Jefferies. As per Friday, March 24, the company rating was maintained by RBC Capital Markets. The stock of Chevron Corporation (NYSE:CVX) earned “Overweight” rating by Barclays Capital on Wednesday, July 11.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on October, 26. They expect $2.28 EPS, up 121.36% or $1.25 from last year’s $1.03 per share. CVX’s profit will be $4.37B for 12.82 P/E if the $2.28 EPS becomes a reality. After $1.78 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 28.09% EPS growth.

Investors sentiment increased to 1.03 in Q2 2018. Its up 0.13, from 0.9 in 2018Q1. It improved, as 33 investors sold CVX shares while 684 reduced holdings. 136 funds opened positions while 604 raised stakes. 1.19 billion shares or 0.47% more from 1.19 billion shares in 2018Q1 were reported. Lsv Asset Mgmt reported 1.1% in Chevron Corporation (NYSE:CVX). Trillium Asset Management Ltd Limited Liability Company holds 4,248 shares or 0.03% of its portfolio. Martin And Inc Tn has invested 0.7% in Chevron Corporation (NYSE:CVX). 2,503 are held by Brouwer Janachowski Ltd Llc. Cleararc invested in 48,906 shares or 0.87% of the stock. Norinchukin Commercial Bank The stated it has 484,308 shares or 0.91% of all its holdings. Stevens First Principles has 0.02% invested in Chevron Corporation (NYSE:CVX). Cipher Cap Ltd Partnership reported 20,389 shares. Summit Fin Wealth invested in 0.57% or 15,056 shares. Signaturefd holds 15,825 shares or 0.22% of its portfolio. Winslow Asset Mgmt holds 14,784 shares. Brave Asset Mngmt invested 0.4% of its portfolio in Chevron Corporation (NYSE:CVX). Westchester Cap holds 0.06% of its portfolio in Chevron Corporation (NYSE:CVX) for 1,031 shares. Montag A & Assoc Incorporated holds 60,195 shares or 0.78% of its portfolio. Eagle Asset accumulated 648,594 shares.

Capital One National Association, which manages about $1.37B US Long portfolio, upped its stake in Metlife Inc (NYSE:MET) by 100,649 shares to 122,088 shares, valued at $5.32 million in 2018Q2, according to the filing. It also increased its holding in Vishay Intertechnology Inc (NYSE:VSH) by 16,924 shares in the quarter, for a total of 35,959 shares, and has risen its stake in Central Garden & Pet Co (NASDAQ:CENT).

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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