As Chevron New Com (CVX) Shares Declined, Shareholder Cutler Investment Counsel Has Trimmed by $1.24 Million Its Stake; As Conocophillips (COP) Shares Rose, Sii Investments Decreased Position

April 26, 2018 - By reb123z

ConocoPhillips (NYSE:COP) Logo

Sii Investments Inc decreased its stake in Conocophillips (COP) by 97.4% based on its latest 2017Q4 regulatory filing with the SEC. Sii Investments Inc sold 222,942 shares as the company’s stock rose 6.56% while stock markets declined. The institutional investor held 5,961 shares of the integrated oil company at the end of 2017Q4, valued at $325,000, down from 228,903 at the end of the previous reported quarter. Sii Investments Inc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $78.60 billion market cap company. The stock increased 3.15% or $2.05 during the last trading session, reaching $67.11. About 8.33M shares traded or 10.86% up from the average. ConocoPhillips (NYSE:COP) has risen 33.53% since April 26, 2017 and is uptrending. It has outperformed by 21.98% the S&P500.

Cutler Investment Counsel Llc decreased its stake in Chevron Corp New Com (CVX) by 9.64% based on its latest 2017Q4 regulatory filing with the SEC. Cutler Investment Counsel Llc sold 9,939 shares as the company’s stock declined 8.26% with the market. The institutional investor held 93,201 shares of the integrated oil company at the end of 2017Q4, valued at $11.67 million, down from 103,140 at the end of the previous reported quarter. Cutler Investment Counsel Llc who had been investing in Chevron Corp New Com for a number of months, seems to be less bullish one the $236.83B market cap company. The stock increased 0.99% or $1.21 during the last trading session, reaching $123.93. About 4.38 million shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 26, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 120 analyst reports since August 4, 2015 according to SRatingsIntel. BNP Paribas upgraded the stock to “Hold” rating in Monday, August 7 report. The firm has “Buy” rating by Jefferies given on Wednesday, April 12. Credit Agricole initiated the stock with “Outperform” rating in Tuesday, December 15 report. HSBC upgraded the shares of CVX in report on Monday, June 5 to “Buy” rating. As per Friday, May 26, the company rating was downgraded by BNP Paribas. Societe Generale downgraded the shares of CVX in report on Wednesday, October 18 to “Hold” rating. The stock has “Overweight” rating by JP Morgan on Tuesday, December 15. Bank of America upgraded the stock to “Neutral” rating in Monday, August 24 report. On Thursday, January 21 the stock rating was downgraded by Simmons & Co to “Neutral”. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, October 10.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It improved, 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. M invested in 0.33% or 19,305 shares. 130,538 were reported by Deroy And Devereaux Private Invest Counsel Inc. Bridgewater Lp owns 26,800 shares. Leisure Capital holds 1.99% or 19,179 shares. Bessemer Grp Inc Inc has invested 0.83% in Chevron Corporation (NYSE:CVX). Norinchukin Retail Bank The has invested 0.75% of its portfolio in Chevron Corporation (NYSE:CVX). State Farm Mutual Automobile has 2.58% invested in Chevron Corporation (NYSE:CVX). Twin Cap Inc holds 198,550 shares. Stillwater Capital Advisors Llc reported 2,567 shares. 10,033 are owned by Horizon Ltd Liability. 11.37M were reported by Price T Rowe Associate Incorporated Md. Hartford Fin Management holds 1.37% or 22,227 shares. Tortoise Cap Advisors Ltd Limited Liability Company invested in 18 shares or 0% of the stock. Meritage, a Kansas-based fund reported 56,184 shares. Moreover, Winslow Asset Mgmt Inc has 0.34% invested in Chevron Corporation (NYSE:CVX).

Since April 17, 2018, it had 0 buys, and 1 insider sale for $3.11 million activity.

Cutler Investment Counsel Llc, which manages about $1.04B and $516.96M US Long portfolio, upped its stake in Powershares Global Etf Trust E (PDN) by 60,039 shares to 204,120 shares, valued at $7.02 million in 2017Q4, according to the filing. It also increased its holding in Rydex Etf Trust Gug S&P500 Pu (RPG) by 92,058 shares in the quarter, for a total of 335,550 shares, and has risen its stake in Wisdomtree Tr Intl Lrgcap Dv (DOL).

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27 before the open. They expect $1.48 earnings per share, up 4.96% or $0.07 from last year’s $1.41 per share. CVX’s profit will be $2.83 billion for 20.93 P/E if the $1.48 EPS becomes a reality. After $0.73 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 102.74% EPS growth.

Since March 29, 2018, it had 0 insider purchases, and 1 insider sale for $1.47 million activity.

Sii Investments Inc, which manages about $3.27 billion and $965.36M US Long portfolio, upped its stake in First Tr Exchange Traded Fd (FTSL) by 27,644 shares to 98,514 shares, valued at $4.74 million in 2017Q4, according to the filing. It also increased its holding in Wal (NYSE:WMT) by 48,401 shares in the quarter, for a total of 48,601 shares, and has risen its stake in Glaxosmithkline Plc (NYSE:GSK).

Among 25 analysts covering ConocoPhillips (NYSE:COP), 15 have Buy rating, 1 Sell and 9 Hold. Therefore 60% are positive. ConocoPhillips had 98 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained the shares of COP in report on Friday, October 6 with “Buy” rating. The firm earned “Buy” rating on Tuesday, June 13 by RBC Capital Markets. JP Morgan upgraded ConocoPhillips (NYSE:COP) on Monday, July 11 to “Neutral” rating. Piper Jaffray maintained it with “Buy” rating and $65.0 target in Monday, February 5 report. Piper Jaffray maintained it with “Buy” rating and $63.0 target in Tuesday, January 23 report. On Thursday, September 28 the stock rating was maintained by RBC Capital Markets with “Buy”. UBS upgraded it to “Buy” rating and $55 target in Thursday, March 30 report. The company was downgraded on Thursday, February 11 by Wolfe Research. As per Thursday, July 6, the company rating was downgraded by Bernstein. The stock of ConocoPhillips (NYSE:COP) earned “Buy” rating by Bank of America on Friday, July 28.

Investors sentiment increased to 0.72 in 2017 Q4. Its up 0.09, from 0.63 in 2017Q3. It improved, as 42 investors sold COP shares while 534 reduced holdings. 121 funds opened positions while 296 raised stakes. 805.62 million shares or 1.13% less from 814.86 million shares in 2017Q3 were reported. Goelzer Mgmt Inc reported 94,619 shares. Park Oh has invested 0.28% in ConocoPhillips (NYSE:COP). Cheviot Value Lc accumulated 0.69% or 24,410 shares. Sheets Smith Wealth Management invested 0.28% in ConocoPhillips (NYSE:COP). Financial Group owns 7,000 shares for 0.04% of their portfolio. Td Asset holds 381,334 shares. Palisade Asset Limited Liability Company holds 20,611 shares or 0.18% of its portfolio. Exane Derivatives stated it has 0.11% in ConocoPhillips (NYSE:COP). Janney Limited Liability reported 280,994 shares. Cypress Capital Mngmt Ltd Liability (Wy) has 0.1% invested in ConocoPhillips (NYSE:COP) for 1,550 shares. 5,600 are owned by Eagle Capital Mngmt Ltd Liability Corporation. Northeast Investment Mgmt holds 0.04% or 9,513 shares. Bremer Trust Association owns 10,404 shares for 0.15% of their portfolio. Deroy And Devereaux Private Investment Counsel Inc owns 0.02% invested in ConocoPhillips (NYSE:COP) for 3,878 shares. Northern Trust Corp holds 0.22% or 15.71 million shares in its portfolio.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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