Advisor Partners Raised Chevron (CVX) Stake; Covington Capital Management Has Lowered Its Ford Mtr Co Del (F) Stake

February 25, 2018 - By Richard Conner

Covington Capital Management decreased Ford Mtr Co Del (F) stake by 37.2% reported in 2017Q3 SEC filing. Covington Capital Management sold 78,729 shares as Ford Mtr Co Del (F)’s stock declined 13.59%. The Covington Capital Management holds 132,888 shares with $1.59 million value, down from 211,617 last quarter. Ford Mtr Co Del now has $42.52 billion valuation. The stock increased 0.66% or $0.07 during the last trading session, reaching $10.7. About 21.79 million shares traded. Ford Motor Company (NYSE:F) has declined 16.63% since February 25, 2017 and is downtrending. It has underperformed by 33.33% the S&P500.

Advisor Partners Llc increased Chevron Corporation (CVX) stake by 7.85% reported in 2017Q3 SEC filing. Advisor Partners Llc acquired 3,341 shares as Chevron Corporation (CVX)’s stock declined 3.45%. The Advisor Partners Llc holds 45,881 shares with $5.39 million value, up from 42,540 last quarter. Chevron Corporation now has $213.85B valuation. The stock increased 2.46% or $2.7 during the last trading session, reaching $112.59. About 6.46M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 25, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Among 26 analysts covering F&M Bank (NYSE:F), 9 have Buy rating, 3 Sell and 14 Hold. Therefore 35% are positive. F&M Bank had 57 analyst reports since August 7, 2015 according to SRatingsIntel. Jefferies maintained the shares of F in report on Monday, October 30 with “Hold” rating. The company was maintained on Monday, October 30 by Citigroup. Credit Suisse downgraded it to “Underperform” rating and $13 target in Wednesday, February 24 report. The stock of Ford Motor Company (NYSE:F) has “Outperform” rating given on Friday, July 29 by CLSA. Bank of America downgraded the stock to “Neutral” rating in Friday, April 29 report. The stock has “Hold” rating by Jefferies on Tuesday, May 23. Morgan Stanley maintained the shares of F in report on Tuesday, October 31 with “Underweight” rating. The company was maintained on Sunday, August 13 by RBC Capital Markets. As per Thursday, August 13, the company rating was upgraded by Vetr. The rating was initiated by Seaport Global on Tuesday, August 9 with “Buy”.

Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.04, from 0.83 in 2017Q2. It increased, as 63 investors sold F shares while 354 reduced holdings. 91 funds opened positions while 271 raised stakes. 2.07 billion shares or 1.73% less from 2.11 billion shares in 2017Q2 were reported. Argyle Mngmt Inc has invested 0.72% in Ford Motor Company (NYSE:F). Salient Company Lta, a Texas-based fund reported 30,055 shares. Moreover, Magnetar Lc has 0.01% invested in Ford Motor Company (NYSE:F) for 19,321 shares. Wade G W And accumulated 0.02% or 12,229 shares. Asset Management Of Georgia Ga Adv has invested 0.72% of its portfolio in Ford Motor Company (NYSE:F). California-based West Oak Cap Ltd has invested 0.02% in Ford Motor Company (NYSE:F). Blue Chip Prtn Incorporated invested in 0.2% or 50,682 shares. Mufg Americas invested 0% of its portfolio in Ford Motor Company (NYSE:F). Alyeska Inv Gp LP reported 0.62% of its portfolio in Ford Motor Company (NYSE:F). Jacobs Levy Equity Management Inc owns 2.36M shares. Pitcairn invested 0.02% in Ford Motor Company (NYSE:F). Ruggie Cap Gp accumulated 500 shares. Toronto Dominion Bancorporation stated it has 0.06% in Ford Motor Company (NYSE:F). Proshare Advisors Limited Liability Corporation holds 579,074 shares. S&Co invested in 95,000 shares or 0.15% of the stock.

Covington Capital Management increased National Instrs Corp (NASDAQ:NATI) stake by 8,850 shares to 23,325 valued at $984,000 in 2017Q3. It also upped Paychex Inc (NASDAQ:PAYX) stake by 5,341 shares and now owns 126,679 shares. United Technologies Corp (NYSE:UTX) was raised too.

Analysts await Ford Motor Company (NYSE:F) to report earnings on April, 26. They expect $0.39 EPS, 0.00% or $0.00 from last year’s $0.39 per share. F’s profit will be $1.55B for 6.86 P/E if the $0.39 EPS becomes a reality. After $0.39 actual EPS reported by Ford Motor Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since September 5, 2017, it had 0 insider buys, and 6 insider sales for $2.66 million activity. Shares for $287,500 were sold by Thai-Tang Hau N on Wednesday, September 6. The insider FARLEY JR JAMES D sold 25,000 shares worth $285,000. Armstrong Steven R. sold 22,076 shares worth $273,080. 92,815 Ford Motor Company (NYSE:F) shares with value of $1.06 million were sold by OJAKLI ZIAD S. Hinrichs Joseph R sold 40,000 shares worth $453,600.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 115 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with “Equal Weight”. Jefferies maintained Chevron Corporation (NYSE:CVX) on Thursday, October 19 with “Buy” rating. The rating was upgraded by Goldman Sachs on Friday, March 11 to “Neutral”. The firm earned “Buy” rating on Tuesday, October 3 by Jefferies. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Independent Research on Thursday, December 1. Vetr upgraded Chevron Corporation (NYSE:CVX) on Tuesday, August 25 to “Buy” rating. Jefferies maintained the stock with “Buy” rating in Monday, February 5 report. Nomura initiated the stock with “Neutral” rating in Friday, March 18 report. The rating was maintained by RBC Capital Markets on Friday, August 18 with “Sell”. Jefferies maintained Chevron Corporation (NYSE:CVX) rating on Wednesday, December 20. Jefferies has “Buy” rating and $140.0 target.

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By1 Richard Conner

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