Peapack Gladstone Financial Increases Stake in Chevron (CVX); Pictet Asset Management LTD Has Trimmed V F (VFC) Position by $453,600; Market Valuation Rose

September 14, 2018 - By Jimmy Cauthen

V.F. Corporation (NYSE:VFC) Logo

Peapack Gladstone Financial Corp increased its stake in Chevron Corporation (CVX) by 2.91% based on its latest 2018Q2 regulatory filing with the SEC. Peapack Gladstone Financial Corp bought 8,223 shares as the company’s stock declined 8.88% while stock markets rallied. The institutional investor held 291,206 shares of the integrated oil company at the end of 2018Q2, valued at $36.82 million, up from 282,983 at the end of the previous reported quarter. Peapack Gladstone Financial Corp who had been investing in Chevron Corporation for a number of months, seems to be bullish on the $224.92 billion market cap company. The stock increased 0.93% or $1.08 during the last trading session, reaching $117.38. About 4.85M 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: 06/03/2018 – Chevron Affirms Cash Flow Growth and Capital Discipline; 29/03/2018 – SHELL, PETROGAL BRASIL AND CHEVRON WIN BLOCK IN CAMPOS BASIN IN BRAZIL OIL AUCTION; 30/05/2018 – CHEVRON CORP – ABOUT 55% VOTES CAST AT ANNUAL MEET VOTED AGAINST STOCKHOLDER PROPOSAL REGARDING REPORT ON METHANE EMISSIONS; 25/05/2018 – GIBRALTAR COURT AWARDS CHEVRON $38M VS ECUADORIAN CONSPIRATORS; 08/03/2018 – CHEVRON CORP CVX.N : INDEPENDENT RESEARCH RAISES TARGET PRICE TO USD 130.00 FROM USD 128.00; RATING HOLD; 24/04/2018 – Texas Emissions: 282702 – CHEVRON PHILLIPS CHEMICAL SWEENY OLD OCEAN FACILITIES; 12/04/2018 – EXCLUSIVE-Chevron, Exxon seek ‘small refinery’ waivers from US biofuels law; 29/04/2018 – ARAMCO NAMES EX-CHEVRON PHILIPS CEO PETER CELLA TO BOARD; 09/03/2018 – SA’S COMPETITION TRIBUNAL – SINOPEC MERGER WITH CHEVRON SA IS SUBJECT TO CERTAIN CONTRACTUAL PROVISIONS; 07/03/2018 – CVX: WOULD HAVE SIGNIFICANT PERMIAN INVESTMENTS EVEN W/ $30 OIL

Pictet Asset Management Ltd decreased its stake in V F Corp (VFC) by 2.48% based on its latest 2018Q2 regulatory filing with the SEC. Pictet Asset Management Ltd sold 5,600 shares as the company’s stock rose 7.16% with the market. The institutional investor held 220,467 shares of the apparel company at the end of 2018Q2, valued at $17.97 million, down from 226,067 at the end of the previous reported quarter. Pictet Asset Management Ltd who had been investing in V F Corp for a number of months, seems to be less bullish one the $36.15B market cap company. The stock decreased 0.04% or $0.04 during the last trading session, reaching $91.17. About 2.12M shares traded. V.F. Corporation (NYSE:VFC) has risen 42.08% since September 14, 2017 and is uptrending. It has outperformed by 26.46% the S&P500. Some Historical VFC News: 17/05/2018 – Moody’s Affirms Vf Holding Corp.’s (“Vertafore”) B3 Cfr On Dividend Recap, Outlook Stable; 07/05/2018 – VF CORP VFC.N : CITIGROUP RAISES TARGET PRICE TO $80 FROM $79; 19/03/2018 – VF Corp Sees Nautica Transaction Closing in First Half; 19/03/2018 – VF Corp. Inks Deal to Sell Nautica to Authentic Brands Group; 28/03/2018 – VF Corporation Appoints Steve Murray as Vice President, Strategic Projects; 14/03/2018 – VF SEES DEAL ADDING IMMEDIATELY TO EARNINGS; 16/04/2018 – lululemon athletica Names Patrick Guido Chief Financial Officer; 04/05/2018 – VF CORP – GROSS MARGIN IS EXPECTED TO BE ABOUT 51 PCT FOR 2019; 04/05/2018 – VF Corp Transition Quarter EPS Cont Ops 65c, EPS 63c; 23/03/2018 – VF Corporation Receives National Award from the U.S. Association of Former Members of Congress

Since April 17, 2018, it had 0 insider purchases, and 10 insider sales for $50.35 million activity. $1.23 million worth of Chevron Corporation (NYSE:CVX) was sold by JOHNSON JAMES WILLIAM on Tuesday, May 22. The insider Breber Pierre R sold $3.26 million. $17.55 million worth of Chevron Corporation (NYSE:CVX) was sold by Yarrington Patricia E on Friday, May 11. 130,000 shares valued at $16.64 million were sold by Wirth Michael K on Monday, May 7. Another trade for 25,500 shares valued at $3.11 million was made by Pate R. Hewitt on Tuesday, April 17.

Peapack Gladstone Financial Corp, which manages about $1.92 billion US Long portfolio, decreased its stake in Cbs Corporation Class B (NYSE:CBS) by 7,317 shares to 103,299 shares, valued at $5.81M in 2018Q2, according to the filing. It also reduced its holding in Oracle Corporation (NYSE:ORCL) by 8,428 shares in the quarter, leaving it with 264,775 shares, and cut its stake in Paypal Holdings Inc.

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. The rating was downgraded by Societe Generale to “Hold” on Wednesday, October 18. As per Wednesday, September 23, the company rating was initiated by Macquarie Research. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, November 15 by CLSA. The firm has “Neutral” rating by UBS given on Monday, May 2. The firm has “Hold” rating given on Tuesday, October 3 by Wells Fargo. The stock of Chevron Corporation (NYSE:CVX) has “Hold” rating given on Tuesday, August 4 by S&P Research. The firm has “Hold” rating given on Friday, April 13 by RBC Capital Markets. Jefferies maintained Chevron Corporation (NYSE:CVX) rating on Wednesday, April 12. Jefferies has “Buy” rating and $147 target. Barclays Capital maintained Chevron Corporation (NYSE:CVX) on Wednesday, July 11 with “Overweight” rating. The firm has “Outperform” rating given on Tuesday, September 13 by BMO Capital Markets.

Investors sentiment increased to 1.03 in Q2 2018. Its up 0.13, from 0.9 in 2018Q1. It increased, 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. Northcoast Asset Management Ltd Liability holds 3.14% of its portfolio in Chevron Corporation (NYSE:CVX) for 261,291 shares. New England Private Wealth Ltd holds 0.27% of its portfolio in Chevron Corporation (NYSE:CVX) for 7,442 shares. 70,314 were reported by Cohen And Steers Inc. Hamilton Point Inv Advsr Lc has invested 1.56% in Chevron Corporation (NYSE:CVX). Bp Plc holds 0.98% or 240,000 shares in its portfolio. Taurus Asset Management Limited Liability Company reported 30,272 shares stake. Jennison Assocs Lc reported 1.05M shares. First Mercantile has 18,581 shares. Norinchukin Fincl Bank The has invested 0.91% in Chevron Corporation (NYSE:CVX). Stadion Money Mgmt Llc reported 0.05% stake. 1.14M are held by First Trust Advsrs Lp. Grandfield Dodd Limited Company invested in 88,740 shares. Peavine Cap Ltd Co has 2,458 shares for 0.15% of their portfolio. Valley Advisers Incorporated stated it has 2,841 shares. Schaper Benz And Wise Invest Counsel Wi holds 0.06% or 3,151 shares in its portfolio.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Fuel shippers ask FERC to expedite hearing on Colonial Pipeline rates” on September 10, 2018, also Seekingalpha.com with their article: “Chevron: Options To Boost The Yield” published on August 30, 2018, Seekingalpha.com published: “Chevron signs with Sempra’s iEnova for Mexican refined fuels terminal” on September 14, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron: Cash Flow Is King” published on September 06, 2018 as well as Finance.Yahoo.com‘s news article titled: “Is Chevron Corporation (NYSE:CVX) A Smart Pick For Income Investors?” with publication date: September 08, 2018.

Among 32 analysts covering V.F. Corp (NYSE:VFC), 20 have Buy rating, 0 Sell and 12 Hold. Therefore 63% are positive. V.F. Corp had 125 analyst reports since July 24, 2015 according to SRatingsIntel. On Tuesday, October 24 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. On Thursday, February 2 the stock rating was downgraded by Goldman Sachs to “Neutral”. The rating was maintained by Barclays Capital on Monday, February 22 with “Overweight”. Canaccord Genuity maintained it with “Buy” rating and $90 target in Thursday, October 8 report. The firm earned “Buy” rating on Tuesday, July 25 by UBS. The firm earned “Neutral” rating on Tuesday, October 24 by Buckingham Research. The firm earned “Outperform” rating on Monday, February 22 by Telsey Advisory Group. The firm has “Positive” rating by Susquehanna given on Friday, July 28. The stock of V.F. Corporation (NYSE:VFC) earned “Hold” rating by Forward View Consulting on Friday, July 28. Macquarie Research initiated the stock with “Outperform” rating in Friday, February 19 report.

Analysts await V.F. Corporation (NYSE:VFC) to report earnings on October, 22. They expect $1.32 EPS, up 7.32% or $0.09 from last year’s $1.23 per share. VFC’s profit will be $523.32 million for 17.27 P/E if the $1.32 EPS becomes a reality. After $0.43 actual EPS reported by V.F. Corporation for the previous quarter, Wall Street now forecasts 206.98% EPS growth.

Since May 14, 2018, it had 0 insider purchases, and 10 sales for $29.88 million activity. The insider McNeill Bryan H sold $2.33M. 29,544 V.F. Corporation (NYSE:VFC) shares with value of $2.74 million were sold by Roe Scott A.. BAILEY KEVIN had sold 15,000 shares worth $1.16 million on Monday, May 14. $1.69M worth of stock was sold by Scabbia Guerrini Martino on Tuesday, June 12. Baxter Scott H had sold 65,988 shares worth $5.53 million. 25,540 shares valued at $2.02 million were sold by CHUGG JULIANA L on Wednesday, May 16.

Investors sentiment increased to 0.95 in Q2 2018. Its up 0.10, from 0.85 in 2018Q1. It increased, as 45 investors sold VFC shares while 269 reduced holdings. 92 funds opened positions while 207 raised stakes. 385.25 million shares or 0.46% more from 383.50 million shares in 2018Q1 were reported. First Merchants holds 0.81% in V.F. Corporation (NYSE:VFC) or 56,896 shares. Anderson Hoagland And has invested 0.9% in V.F. Corporation (NYSE:VFC). Apg Asset Nv owns 2.26M shares for 0.29% of their portfolio. Public Employees Retirement Association Of Colorado holds 59,525 shares. Bartlett Communications Limited Liability Com stated it has 307,964 shares. Guinness Atkinson Asset Incorporated holds 4,080 shares or 0.19% of its portfolio. First Mercantile Tru Company holds 0.04% in V.F. Corporation (NYSE:VFC) or 2,500 shares. Castleark Mngmt Lc holds 0.23% or 91,926 shares. Strs Ohio invested in 37,836 shares. Amica Mutual Insur reported 12,463 shares. Parallax Volatility Advisers Limited Partnership invested 0% of its portfolio in V.F. Corporation (NYSE:VFC). Rmb Cap Management Limited Liability Com, a Illinois-based fund reported 2,691 shares. Putnam Fl Inv Mngmt invested 0.95% in V.F. Corporation (NYSE:VFC). Meeder Asset Mgmt owns 72 shares or 0% of their US portfolio. First Personal Financial reported 4,234 shares.

Pictet Asset Management Ltd, which manages about $41.81 billion US Long portfolio, upped its stake in Ishares Tr Fltg Rate (FLOT) by 56,680 shares to 486,280 shares, valued at $24.97M in 2018Q2, according to the filing. It also increased its holding in Global Pmts Inc (NYSE:GPN) by 175,416 shares in the quarter, for a total of 1.77M shares, and has risen its stake in Oneok Inc New (NYSE:OKE).

More notable recent V.F. Corporation (NYSE:VFC) news were published by: Seekingalpha.com which released: “Is Vans VFC’s Biggest Strength And Weakness?” on August 27, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For September 14, 2018” published on September 14, 2018, Seekingalpha.com published: “VF Corp. sets targets for Vans business” on September 12, 2018. More interesting news about V.F. Corporation (NYSE:VFC) were released by: Seekingalpha.com and their article: “VF Corp. Is Splitting – Now What?” published on August 21, 2018 as well as Benzinga.com‘s news article titled: “Cowen: Vans Will Boost VF Corp’s Overall Operating Margins” with publication date: September 14, 2018.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts