Sigma Planning Has Cut Chevron New (CVX) Position By $529,360; 4 Analysts Bullish Forum Energy Technologies, Inc. (FET)

December 6, 2017 - By Migdalia James

Among 21 analysts covering Forum Energy Technologies (NYSE:FET), 4 have Buy rating, 0 Sell and 17 Hold. Therefore 19% are positive. Forum Energy Technologies had 61 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Monday, July 11. The firm earned “Hold” rating on Monday, September 21 by Zacks. The company was upgraded on Friday, March 10 by Gabelli. Jefferies maintained Forum Energy Technologies, Inc. (NYSE:FET) rating on Wednesday, July 5. Jefferies has “Hold” rating and $1700 target. The stock has “Equal Weight” rating by Barclays Capital on Monday, October 26. As per Friday, October 6, the company rating was maintained by Cowen & Co. Credit Suisse downgraded Forum Energy Technologies, Inc. (NYSE:FET) on Wednesday, June 1 to “Neutral” rating. The rating was maintained by Citigroup on Friday, September 2 with “Neutral”. Barclays Capital upgraded Forum Energy Technologies, Inc. (NYSE:FET) on Friday, September 23 to “Overweight” rating. The firm has “Buy” rating by Guggenheim given on Monday, November 30. See Forum Energy Technologies, Inc. (NYSE:FET) latest ratings:

16/10/2017 Broker: Jefferies Rating: Hold New Target: $16.0 Maintain
10/10/2017 Broker: Deutsche Bank Rating: Hold New Target: $17 Initiates Coverage On
06/10/2017 Broker: Cowen & Co Rating: Hold New Target: $11.0 Maintain
05/10/2017 Broker: Jefferies Rating: Hold New Target: $17.0 Maintain
05/10/2017 Broker: Citigroup Rating: Neutral Old Target: $14 New Target: $16 Maintain
24/08/2017 Broker: Credit Suisse Old Rating: Outperform New Rating: Neutral Downgrade
31/07/2017 Broker: Scotia Capital Rating: Hold New Target: $24.0000
12/07/2017 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Downgrade
07/07/2017 Broker: Cowen & Co Rating: Hold New Target: $15.0000 Maintain
05/07/2017 Broker: Jefferies Rating: Hold New Target: $17.0000 Maintain

Sigma Planning Corp decreased Chevron Corp New (CVX) stake by 9.53% reported in 2017Q2 SEC filing. Sigma Planning Corp sold 5,090 shares as Chevron Corp New (CVX)’s stock declined 3.45%. The Sigma Planning Corp holds 48,323 shares with $5.04M value, down from 53,413 last quarter. Chevron Corp New now has $227.18 billion valuation. The stock decreased 0.65% or $0.78 during the last trading session, reaching $119.61. About 4.82 million shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since December 6, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Investors sentiment increased to 2.21 in 2017 Q2. Its up 1.20, from 1.01 in 2017Q1. It improved, as 20 investors sold Forum Energy Technologies, Inc. shares while 23 reduced holdings. 17 funds opened positions while 78 raised stakes. 101.77 million shares or 0.86% more from 100.90 million shares in 2017Q1 were reported. Tinicum Inc has 2.67 million shares for 13.09% of their portfolio. Old Financial Bank In invested in 19,535 shares. 1,844 are held by Zurcher Kantonalbank (Zurich Cantonalbank). The Kansas-based Tortoise Capital Advsrs Ltd Liability Co has invested 0% in Forum Energy Technologies, Inc. (NYSE:FET). Raymond James Assoc reported 244,902 shares. Swiss Commercial Bank stated it has 112,024 shares. Eagle Asset Inc holds 0.08% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET) for 841,395 shares. Deutsche Comml Bank Ag holds 0.02% or 1.92 million shares. Ellington Mngmt Group Inc Ltd Co reported 12,400 shares. Public Employees Retirement Systems Of Ohio stated it has 5,941 shares. Bridgeway Cap Management owns 223,310 shares. Jpmorgan Chase & holds 4,301 shares or 0% of its portfolio. Tcw accumulated 52,780 shares. Bamco reported 0% stake. Stephens Invest Mngmt Grp Inc Limited Liability Corporation accumulated 0.45% or 1.18 million shares.

The stock decreased 5.05% or $0.75 during the last trading session, reaching $14.1. About 1.44 million shares traded or 54.79% up from the average. Forum Energy Technologies, Inc. (NYSE:FET) has risen 4.75% since December 6, 2016 and is uptrending. It has underperformed by 11.95% the S&P500.

Forum Energy Technologies, Inc. designs, makes, and distributes products to the oil and natural gas industry in the United States and internationally. The company has market cap of $1.52 billion. The firm operates in three divisions: Drilling & Subsea, Completions, and Production & Infrastructure. It currently has negative earnings. The Drilling & Subsea segment creates and makes products, and provides related services to the drilling and subsea construction markets.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on January, 26. They expect $1.10 earnings per share, up 400.00% or $0.88 from last year’s $0.22 per share. CVX’s profit will be $2.09B for 27.18 P/E if the $1.10 EPS becomes a reality. After $1.03 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 6.80% EPS growth.

Investors sentiment increased to 1.03 in 2017 Q2. Its up 0.06, from 0.97 in 2017Q1. It increased, as 65 investors sold CVX shares while 653 reduced holdings. 92 funds opened positions while 651 raised stakes. 1.16 billion shares or 0.51% more from 1.16 billion shares in 2017Q1 were reported. Moreover, Lombard Odier Asset Management (Switzerland) has 0.08% invested in Chevron Corporation (NYSE:CVX) for 6,462 shares. 250,522 are owned by Ing Groep Nv. Wallington Asset Mgmt Limited Liability Company holds 2,728 shares. Texas-based Next Fincl Group Inc has invested 0% in Chevron Corporation (NYSE:CVX). Tcw Gru Inc Inc has invested 1.4% in Chevron Corporation (NYSE:CVX). Cadence Bank Na holds 1.83% in Chevron Corporation (NYSE:CVX) or 38,401 shares. Efg Asset Mngmt (Americas) holds 0.4% or 9,513 shares. Moreover, Metropolitan Life Com has 0.66% invested in Chevron Corporation (NYSE:CVX). Lockheed Martin Inv Management holds 0.07% or 12,360 shares in its portfolio. Denver Invest Advsr Llc owns 37,554 shares. Park Natl Corp Oh, Ohio-based fund reported 271,656 shares. Janney Management reported 1.4% in Chevron Corporation (NYSE:CVX). Lee Danner And Bass has 17,827 shares for 0.21% of their portfolio. Moreover, 1St Glob has 0.42% invested in Chevron Corporation (NYSE:CVX) for 35,293 shares. Georgia-based Benedict Finance Advsr has invested 1.65% in Chevron Corporation (NYSE:CVX).

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 23 have Buy rating, 1 Sell and 10 Hold. Therefore 68% are positive. Chevron Corporation had 93 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley maintained Chevron Corporation (NYSE:CVX) on Wednesday, October 18 with “Overweight” rating. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by BMO Capital Markets on Thursday, June 22. Macquarie Research upgraded the shares of CVX in report on Tuesday, October 17 to “Buy” rating. Barclays Capital maintained Chevron Corporation (NYSE:CVX) rating on Tuesday, October 10. Barclays Capital has “Equal-Weight” rating and $130 target. RBC Capital Markets maintained the shares of CVX in report on Wednesday, March 9 with “Sector Perform” rating. Wolfe Research upgraded the stock to “Peer Perform” rating in Tuesday, September 29 report. Barclays Capital maintained it with “Equal-Weight” rating and $96 target in Monday, October 12 report. Piper Jaffray maintained the shares of CVX in report on Thursday, August 24 with “Buy” rating. The firm earned “Neutral” rating on Friday, March 11 by Goldman Sachs. BMO Capital Markets maintained the shares of CVX in report on Friday, September 22 with “Buy” rating.

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By1 Migdalia James




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